CytomX Therapeutics - CTMX Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CytomX Therapeutics in the last year. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CTMX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CTMX, but not buy additional shares or sell existing shares.
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11 brokerages have issued 1-year price targets for CytomX Therapeutics' stock. Their CTMX share price forecasts range from $1.50 to $8.00. On average, they expect the company's share price to reach $3.46 in the next year. This suggests a possible upside of 85.9% from the stock's current price.
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CytomX Therapeutics' stock was trading at $1.60 on January 1st, 2023. Since then, CTMX shares have increased by 16.3% and is now trading at $1.86.
View the best growth stocks for 2023 here.

CytomX Therapeutics saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 1,270,000 shares, a decline of 8.0% from the February 13th total of 1,380,000 shares. Based on an average trading volume of 2,430,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 2.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 21st 2023.
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CytomX Therapeutics, Inc. (NASDAQ:CTMX) released its quarterly earnings results on Thursday, November, 4th. The biotechnology company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.30) by $0.05. The biotechnology company had revenue of $17.59 million for the quarter, compared to analysts' expectations of $18.53 million. CytomX Therapeutics had a negative trailing twelve-month return on equity of 166.29% and a negative net margin of 135.65%. During the same period in the prior year, the firm earned ($0.32) earnings per share.

ETFs with the largest weight of CytomX Therapeutics (NASDAQ:CTMX) stock in their portfolio include Formidable ETF (FORH).Invesco Nasdaq Future Gen 200 ETF (QQQS).

12 employees have rated CytomX Therapeutics Chief Executive Officer Sean A McCarthy on Glassdoor.com. Sean A McCarthy has an approval rating of 65% among the company's employees. 80.0% of employees surveyed would recommend working at CytomX Therapeutics to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other CytomX Therapeutics investors own include Gilead Sciences (GILD), Exelixis (EXEL), AbbVie (ABBV), Inovio Pharmaceuticals (INO), Corbus Pharmaceuticals (CRBP), Pfizer (PFE), SCYNEXIS (SCYX), Bausch Health Companies (BHC), Bristol-Myers Squibb (BMY) and Dynavax Technologies (DVAX).

CytomX Therapeutics trades on the NASDAQ under the ticker symbol "CTMX."

CytomX Therapeutics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Tang Capital Management LLC (5.31%), Millennium Management LLC (2.60%), Renaissance Technologies LLC (2.03%), Assenagon Asset Management S.A. (1.38%), Two Sigma Investments LP (1.12%) and Platinum Investment Management Ltd. (0.96%). Insiders that own company stock include Amy C Peterson, Carlos Campoy, Jeffrey B Landau, Lloyd A Rowland and Sean A Mccarthy.
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Shares of CTMX 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 CTMX stock can currently be purchased for approximately $1.86.

CytomX Therapeutics (NASDAQ:CTMX) has a market capitalization of $122.91 million and generates $69.57 million in revenue each year. The biotechnology company earns $-83,610,000.00 in net income (profit) each year or ($1.49) on an earnings per share basis.

The company employs 174 workers across the globe.

CytomX Therapeutics' mailing address is 151 OYSTER POINT BLVD.SUITE 400, SOUTH SAN FRANCISCO CA, 94080. The official website for the company is www.cytomx.com. The biotechnology company can be reached via phone at (605) 515-3185, via email at ckeenan@cytomx.com, or via fax at 650-351-0353.