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Thursday, September 24, 2020

Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) on the Path to Profitability

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The Corbus Pharmaceuticals Holdings Inc. (CRBP) shares are trading at higher $6.91 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $8.78 and the low is $3.29. Over the last 52 weeks, CRBP is down -21.29% while the S&P 500 is down -0.64%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CRBP reported a profit of $31.65 million. Corbus Pharmaceuticals Holdings Inc. also saw revenues increase to $1.76 million. In addition, CRBP has free cash flow of -$28.07 million as of 03-2020. The company’s EBITDA came in at -$29.57 million which compares well with its peers.

CRBP Return on Equity (ROE) is -282.90%, and its Return on Assets is -112.30%. All told, it is clear that, CRBP needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CRBP has a short ratio of 9.87 and outstanding shares of 69.27M.

Company Outlook

CRBP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.5 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.13. Corbus Pharmaceuticals Holdings Inc. CRBP also noted assets of $65.2 million at the end of the last quarter. Investors should also keep an eye on sector updates as CRBP has historically followed its peers on positive news.

All told, Corbus Pharmaceuticals Holdings Inc. CRBP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CRBP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Corbus Pharmaceuticals Holdings Inc. CRBP is now commanding a market cap of 492.89M and a float of 63.84M. CRBP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CRBP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CRBP, either long or short, and we have not been compensated for this article.

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