Could Clementia Pharmaceuticals Inc. (CMTA) Change Direction After Today’s Significant Increase?

March 14, 2018 - By Adrian Mccoy

The stock of Clementia Pharmaceuticals Inc. (NASDAQ:CMTA) is a huge mover today! The stock increased 4.00% or $0.71 during the last trading session, reaching $18.46. About 105,987 shares traded or 32.29% up from the average. Clementia Pharmaceuticals Inc. (NASDAQ:CMTA) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.
The move comes after 5 months positive chart setup for the $585.51M company. It was reported on Mar, 14 by We have $19.01 PT which if reached, will make NASDAQ:CMTA worth $17.57 million more.

Analysts await Clementia Pharmaceuticals Inc. (NASDAQ:CMTA) to report earnings on May, 23. After $-0.37 actual earnings per share reported by Clementia Pharmaceuticals Inc. for the previous quarter, Wall Street now forecasts -10.81 % EPS growth.

More notable recent Clementia Pharmaceuticals Inc. (NASDAQ:CMTA) news were published by: which released: “Clementia Announces Presentation at the JP Morgan 36th Annual Healthcare …” on January 03, 2018, also with their article: “Clementia Announces Closing of Over-Allotment Option in its Initial Public …” published on August 21, 2017, published: “Clementia Pharmaceuticals Readies $100 Million IPO” on July 31, 2017. More interesting news about Clementia Pharmaceuticals Inc. (NASDAQ:CMTA) were released by: and their article: “Clementia Announces Pricing of Initial Public Offering” published on August 02, 2017 as well as‘s news article titled: “Clementia Appoints Industry Veteran Pierre Legault to its Board of Directors” with publication date: January 31, 2018.

Clementia Pharmaceuticals Inc., a clinical stage biopharmaceutical company, develops disease-modifying treatments for patients suffering from debilitating bone and other diseases. The company has market cap of $585.51 million. The Company’s lead product candidate is palovarotene, an oral small molecule that binds and activates retinoic acid receptor gamma, and prevents abnormal new bone formation, as well as scar tissue formation in various tissues in animal models. It currently has negative earnings. The firm is developing palovarotene for the treatment of fibrodysplasia ossificans progressiva and multiple osteochondroma, as well as has one Phase III and Phase II/III trials for two separate indications.

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