Analysts Estimate Report : What to Look Out for CTI BioPharma (NASDAQ:CTIC)

Earnings results for CTI BioPharma (NASDAQ:CTIC)

CTI BioPharma Corp. is estimated to report earnings on 03/11/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.16. The reported EPS for the same quarter last year was $-0.14.

Analyst Opinion on CTI BioPharma (NASDAQ:CTIC)

4 Wall Street analysts have issued ratings and price targets for CTI BioPharma in the last 12 months. Their average twelve-month price target is $7.25, predicting that the stock has a possible upside of 123.77%. The high price target for CTIC is $13.00 and the low price target for CTIC is $3.00. There are currently 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

CTI BioPharma has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $7.25, CTI BioPharma has a forecasted upside of 123.8% from its current price of $3.24. CTI BioPharma has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: CTI BioPharma (NASDAQ:CTIC)

CTI BioPharma does not currently pay a dividend. CTI BioPharma does not have a long track record of dividend growth.

Insiders buying/selling: CTI BioPharma (NASDAQ:CTIC)

In the past three months, CTI BioPharma insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,000,000.00 in company stock. Only 6.90% of the stock of CTI BioPharma is held by insiders. 52.45% of the stock of CTI BioPharma is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of CTI BioPharma (NASDAQ:CTIC

Earnings for CTI BioPharma are expected to decrease in the coming year, from ($0.69) to ($0.74) per share. The P/E ratio of CTI BioPharma is -4.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of CTI BioPharma is -4.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. CTI BioPharma has a P/B Ratio of 10.45. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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