Market Runner: Could Corbus Pharmaceuticals Holdings Inc Change Direction After Making All Time High?

Market Runner: Could Corbus Pharmaceuticals Holdings Inc Change Direction After Making All Time High?

The stock of Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) reached all time high today, Oct, 5 and still has $15.61 target or 86.00% above today’s $8.39 share price. This indicates more upside for the $375.06 million company. This technical setup was reported by Barchart.com. If the $15.61 PT is reached, the company will be worth $322.55M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 2.06M shares traded hands or 79.13% up from the average. Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) has risen 380.82% since March 2, 2016 and is uptrending. It has outperformed by 372.56% the S&P500.

Analysts await Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) to report earnings on November, 8. They expect $-0.08 earnings per share, down 33.33% or $0.02 from last year’s $-0.06 per share. After $-0.11 actual earnings per share reported by Corbus Pharmaceuticals Holdings Inc for the previous quarter, Wall Street now forecasts -27.27% EPS growth.

Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) Ratings Coverage

Out of 2 analysts covering Corbus Pharma (NASDAQ:CRBP), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Corbus Pharma has been the topic of 2 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The stock of Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) earned “Buy” rating by Aegis Capital on Monday, March 7. The firm has “Mkt Outperform” rating given on Tuesday, September 8 by JMP Securities.

According to Zacks Investment Research, “Corbus Pharmaceuticals, Inc. is a clinical stage biopharmaceutical company. It is focused on the development and commercialization of therapeutics to treat life threatening (orphan) inflammatory-fibrotic diseases. The Company’s lead product is Resunab (TM), an oral anti-inflammatory drug that has completed Phase I clinical trials for the treatment of cystic fibrosis and scleroderma. Corbus Pharmaceuticals Holdings, Inc. is based in Norwood, Massachusetts.”

Another recent and important Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) news was published by Benzinga.com which published an article titled: “Corbus Pharmaceuticals Could Achieve 3 Clinical Inflection Points Over The …” on October 05, 2016.

CRBP Company Profile

Corbus Pharmaceuticals Holdings, Inc., incorporated on December 18, 2013, is a clinical-stage pharmaceutical company. The Firm is focused on the development and commercialization of therapeutics to treat rare or uncommon chronic and serious inflammatory and fibrotic diseases. The Company’s segment is developing and commercializing therapeutics to treat rare life-threatening inflammatory fibrotic diseases. The Company’s product, Resunab, is a synthetic oral endocannabinoid-mimetic drug that is designed to resolve chronic inflammation and halt fibrotic processes without causing immunosuppression. Resunab is being evaluated in approximately three separate Phase II studies for the treatment of cystic fibrosis (CF), systemic sclerosis and skin-predominant dermatomyositis. The United States Food and Drug Administration (the FDA) has granted Resunab Orphan Drug Designation, as well as Fast Track Status, for both cystic fibrosis and systemic sclerosis.

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