CTI BioPharma - CTIC Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CTI BioPharma in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CTIC shares.
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6 equities research analysts have issued twelve-month target prices for CTI BioPharma's shares. Their CTIC share price forecasts range from $9.00 to $13.00. On average, they predict the company's stock price to reach $10.67 in the next twelve months. This suggests a possible upside of 140.2% from the stock's current price.
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CTI BioPharma's stock was trading at $6.01 at the start of the year. Since then, CTIC stock has decreased by 26.1% and is now trading at $4.44.
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CTI BioPharma saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 15,970,000 shares, an increase of 18.3% from the February 28th total of 13,500,000 shares. Based on an average daily volume of 2,950,000 shares, the days-to-cover ratio is currently 5.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our CTIC earnings forecast.

CTI BioPharma Corp. (NASDAQ:CTIC) posted its earnings results on Monday, March, 6th. The biopharmaceutical company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by $0.04. The biopharmaceutical company earned $21.08 million during the quarter, compared to analyst estimates of $24.88 million. CTI BioPharma had a negative trailing twelve-month return on equity of 5,105.50% and a negative net margin of 172.37%. During the same period last year, the company posted ($0.38) earnings per share.

ETFs with the largest weight of CTI BioPharma (NASDAQ:CTIC) stock in their portfolio include Virtus LifeSci Biotech Products ETF (BBP), SPDR S&P Biotech ETF (XBI), Direxion Daily S&P Biotech Bull 3x Shares (LABU), Invesco Nasdaq Future Gen 200 ETF (QQQS), Principal Healthcare Innovators ETF (BTEC) and Vanguard U.S. Momentum Factor ETF (VFMO) and

Shares of CTI BioPharma reverse split on the morning of Tuesday, January 3rd 2017. The 1-10 reverse split was announced on Friday, December 9th 2016. The number of shares owned by shareholders was adjusted after the market closes on Friday, December 30th 2016. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

8 employees have rated CTI BioPharma Chief Executive Officer James A. Bianco on Glassdoor.com. James A. Bianco has an approval rating of 27% among the company's employees. This puts James A. Bianco in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other CTI BioPharma investors own include Edap Tms (EDAP), Energous (WATT), Adverum Biotechnologies (ADVM), Weatherford International (WFT), XOMA (XOMA), Sorrento Therapeutics (SRNE), SCYNEXIS (SCYX), Vaxart (VXRT), Dynavax Technologies (DVAX) and Trevena (TRVN).

CTI BioPharma trades on the NASDAQ under the ticker symbol "CTIC."

CTI BioPharma's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Stonepine Capital Management LLC (3.89%), Lion Point Capital LP (2.92%), Geode Capital Management LLC (1.51%), Point72 Asset Management L.P. (1.39%), Schonfeld Strategic Advisors LLC (1.38%) and Verition Fund Management LLC (1.15%). Insiders that own company stock include Adam R Craig, Bvf Partners L P/Il, David Kirske, James K Fong, Michael A Metzger and Orbimed Advisors Llc.
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Shares of CTIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CTIC stock can currently be purchased for approximately $4.44.

CTI BioPharma (NASDAQ:CTIC) has a market capitalization of $585.37 million and generates $53 million in revenue each year. The biopharmaceutical company earns $-92,990,000.00 in net income (profit) each year or ($0.85) on an earnings per share basis.

CTI BioPharma's mailing address is 3101 WESTERN AVENUE SUITE 800, SEATTLE WA, 98121. The official website for the company is www.ctibiopharma.com. The biopharmaceutical company can be reached via phone at (206) 282-7100, via email at invest@ctibiopharma.com, or via fax at 206-284-6206.