CytomX Therapeutics Inc (CTMX) Increases Again; Strong Momentum for Buyers

September 17, 2017 - By Richard Conner

The stock of CytomX Therapeutics Inc (NASDAQ:CTMX) is a huge mover today! The stock increased 4.28% or $0.71 on September 15, reaching $17.31. About 1.15M shares traded or 298.68% up from the average. CytomX Therapeutics Inc (NASDAQ:CTMX) has risen 50.10% since September 17, 2016 and is uptrending. It has outperformed by 33.40% the S&P500.
The move comes after 5 months positive chart setup for the $638.17M company. It was reported on Sep, 17 by We have $18.52 PT which if reached, will make NASDAQ:CTMX worth $44.67 million more.

Investors wait CytomX Therapeutics Inc (NASDAQ:CTMX) to report on November, 2. its quarterly earnings Wall Street analysts expect $-0.10 earnings per share, up $0.30 or 75.00 % from last year’s $-0.4 same quarter earnings. CytomX Therapeutics Inc’s Wall Street analysts see -85.51 % EPS growth, taking into account the $-0.69 EPS reproted in the previous quarter,

CytomX Therapeutics Inc (NASDAQ:CTMX) Ratings Coverage

Among 3 analysts covering CytomX Therapeutics (NASDAQ:CTMX), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. CytomX Therapeutics had 4 analyst reports since November 2, 2015 according to SRatingsIntel. The firm has “Perform” rating given on Tuesday, January 3 by Oppenheimer. The rating was initiated by Jefferies on Monday, November 2 with “Buy”. The rating was initiated by Cowen & Co on Monday, November 2 with “Outperform”. Oppenheimer initiated CytomX Therapeutics Inc (NASDAQ:CTMX) rating on Monday, November 2. Oppenheimer has “Outperform” rating and $17 target.

CytomX Therapeutics, Inc. is a clinical-stage, oncology-focused biopharmaceutical company. The company has market cap of $638.17 million. The Firm uses its Probody technology platform to create cancer immunotherapies against clinically validated targets, as well as to develop cancer therapeutics against difficult-to-drug targets. It currently has negative earnings. The Company’s pipeline is focused on the development of therapies in a set of modalities: Probody cancer immunotherapies, Probody drug conjugates, T-cell engaging Probody bispecifics and ProCAR-NK cell therapies.

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