Should I buy or sell CASI Pharmaceuticals stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CASI Pharmaceuticals in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CASI shares. View CASI analyst ratings or view top-rated stocks .

What is CASI Pharmaceuticals' stock price target for 2024?

1 Wall Street analysts have issued 12-month target prices for CASI Pharmaceuticals' stock. Their CASI share price targets range from $12.00 to $12.00. On average, they expect the company's share price to reach $12.00 in the next year. This suggests a possible upside of 458.1% from the stock's current price. View analysts price targets for CASI or view top-rated stocks among Wall Street analysts .

How have CASI shares performed in 2024?

CASI Pharmaceuticals' stock was trading at $7.16 at the beginning of the year. Since then, CASI stock has decreased by 70.0% and is now trading at $2.15. View the best growth stocks for 2024 here .

Are investors shorting CASI Pharmaceuticals?

CASI Pharmaceuticals saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 82,200 shares, a drop of 35.4% from the March 15th total of 127,300 shares. Based on an average trading volume of 198,700 shares, the short-interest ratio is currently 0.4 days. Approximately 1.3% of the shares of the company are short sold. View CASI Pharmaceuticals' Short Interest .

When is CASI Pharmaceuticals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024. View our CASI earnings forecast .

How were CASI Pharmaceuticals' earnings last quarter?

CASI Pharmaceuticals, Inc. (NASDAQ:CASI) released its quarterly earnings results on Friday, August, 11th. The biotechnology company reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates of ($0.50) by $0.27. The biotechnology company had revenue of $9.82 million for the quarter, compared to analyst estimates of $10.09 million. CASI Pharmaceuticals had a negative trailing twelve-month return on equity of 77.55% and a negative net margin of 79.30%.

When did CASI Pharmaceuticals' stock split?

Shares of CASI Pharmaceuticals reverse split on the morning of Wednesday, June 1st 2022. The 1-10 reverse split was announced on Wednesday, June 1st 2022. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, June 1st 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

What other stocks do shareholders of CASI Pharmaceuticals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CASI Pharmaceuticals investors own include NVIDIA (NVDA) , OPKO Health (OPK) , Caladrius Biosciences (CLBS) , Overstock.com (OSTK) , Riot Platforms (RIOT) , Boeing (BA) , Enphase Energy (ENPH) , Catalyst Pharmaceuticals (CPRX) , Pure Storage (PSTG) and QUALCOMM (QCOM) .

How do I buy shares of CASI Pharmaceuticals?

Shares of CASI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CASI

CASI Pharmaceuticals (CASI) Stock Price, News & Analysis

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$2.15

-0.35 (-14.00%)

(As of 09:48 AM ET)

Compare

Today's Range: $2.09
▼
$2.30
50-Day Range: $2.45
▼
$6.45
52-Week Range: $1.85
▼
$8.48

Volume: 4,623 shs
Average Volume: 181,055 shs
Market Capitalization: $28.81 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $12.00

Get CASI Pharmaceuticals alerts:

CASI Pharmaceuticals MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 458.1% Upside
$12.00 Price Target
Short Interest: Healthy
1.31% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.50
Upright™ Environmental Score
News Sentiment: 0.96
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.24 out of 5 stars

Medical Sector

144th out of 928 stocks

Pharmaceutical Preparations Industry

52nd out of 434 stocks

3.5

Analyst's Opinion

Consensus Rating
CASI Pharmaceuticals has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
CASI Pharmaceuticals has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.31% of the float of CASI Pharmaceuticals has been sold short.
Short Interest Ratio / Days to Cover
CASI Pharmaceuticals has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in CASI Pharmaceuticals has recently decreased by 35.43%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
CASI Pharmaceuticals does not currently pay a dividend.
Dividend Growth
CASI Pharmaceuticals does not have a long track record of dividend growth.

4.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
CASI Pharmaceuticals has received a 62.54% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is driven by its "Melphalan" and "Clinical research services for cancer" products. See details.
Environmental Sustainability
The Environmental Impact score for CASI Pharmaceuticals is -1.50.

2.8

News and Social Media Coverage

News Sentiment
CASI Pharmaceuticals has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for CASI Pharmaceuticals this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for CASI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CASI Pharmaceuticals insiders have not sold or bought any company stock.
Percentage Held by Insiders
21.24% of the stock of CASI Pharmaceuticals is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 22.23% of the stock of CASI Pharmaceuticals is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of CASI Pharmaceuticals is -1.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of CASI Pharmaceuticals is -1.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
CASI Pharmaceuticals has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About CASI Pharmaceuticals Stock (NASDAQ:CASI)

CASI Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes therapeutics and pharmaceutical products in the People's Republic of China, the United States, and internationally. It offers EVOMELA, an intravenous formulation of melphalan for use as a conditioning treatment prior to stem cell transplantation, and as a palliative treatment for patients with multiple myeloma. The company's other hematology/oncology assets in pipeline include CNCT 19, an autologous CD19 CAR-T investigative product; BI-1206, novel anti-Fc?RIIB antibody, for the treatment of solid tumors and relapsed/refractory non-hodgkin lymphoma; CB-5339, a novel VCP/p97 inhibitor that focuses on valosin-containing protein (VCP)/p97 as a novel target in protein homeostasis, DNA damage response, and other cellular stress pathways for therapeutic use in the treatment of patients with various malignancies; and CID-103, a human IgG1 anti-CD38 monoclonal antibody. The company has licensing agreements with Juventas Biotechnology (Tianjin) Co., Ltd.; BioInvent International AB; Black Belt Therapeutics Limited; Cleave Therapeutics, Inc.; and Acrotech Biopharma L.L.C. to develop and commercialize its commercial product EVOMELA. It also has distribution agreements with China Resources Pharmaceutical Commercial Group International Trading Co., Ltd; Pharmathen Global BV; and Riemser Pharma GmbH. CASI Pharmaceuticals, Inc. was incorporated in 1991 and is based in Beijing, the People's Republic of China.

CASI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CASI Stock News Headlines

April 10, 2024 | investing.com

CASI Pharmaceuticals updates on Juventas dispute

April 8, 2024 | finance.yahoo.com

CASI PHARMACEUTICALS REPORTS DEVELOPMENT RELATING TO ITS DISPUTES WITH JUVENTAS

April 16, 2024 | InvestorPlace (Ad)

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March 28, 2024 | benzinga.com

Recap: CASI Pharmaceuticals Q4 Earnings

March 28, 2024 | markets.businessinsider.com

CASI Stock Earnings: CASI Pharmaceuticals Misses EPS, Misses Revenue for Q4 2023

March 28, 2024 | finance.yahoo.com

CASI PHARMACEUTICALS ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2023 BUSINESS AND FINANCIAL RESULTS

March 18, 2024 | finanznachrichten.de

Aptevo Therapeutics: Aptevo Participating in The Springtime Partnering Event, a Bio-Europe Conference

March 16, 2024 | finance.yahoo.com

CASI Apr 2024 2.500 call

April 16, 2024 | InvestorPlace (Ad)

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March 11, 2024 | markets.businessinsider.com

Psyence Group Provides Corporate Update Following Successful Spac Spin Out of Therapeutic Division

March 8, 2024 | msn.com

Aptevo Therapeutics, Immuron, CASI Pharmaceuticals among healthcare movers

March 7, 2024 | finance.yahoo.com

CASI Mar 2024 10.000 call

March 7, 2024 | finance.yahoo.com

CASI Mar 2024 7.500 put

March 5, 2024 | msn.com

CASI Pharmaceuticals Blood Cancer Drug Shows Encouraging Clinical Efficacy In Chinese Patients

March 5, 2024 | msn.com

CASI stock rises on positive interim data from early stage trial for its NHL treatment in China

March 5, 2024 | marketwatch.com

CASI Pharma Shares Soar After Positive Preliminary Trial Data for Cancer Immunotherapy

March 5, 2024 | prnewswire.com

CASI Pharmaceuticals Report Positive Interim Phase 1 Data For BI-1206 In The Treatment Of Relapsed/Refractory Indolent Non-Hodgkin's Lymphoma In China

February 20, 2024 | msn.com

CASI begins dosing lymphoma patients with pralatrexate in China

February 18, 2024 | msn.com

CASI Pharmaceuticals Reveals Business and Financial Updates Quarter 2024

February 16, 2024 | finance.yahoo.com

CASI PHARMACEUTICALS ANNOUNCES FIRST DOSING OF FOLOTYN® IN CHINA

February 16, 2024 | prnewswire.com

CASI PHARMACEUTICALS ANNOUNCES FIRST DOSING OF FOLOTYN® IN CHINA

February 13, 2024 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Healthcare Stocks: CymaBay Therapeutics (CBAY), G1 Therapeutics (GTHX) and Gritstone Oncology (GRTS)

January 31, 2024 | es-us.finanzas.yahoo.com

Enhanc3D Genomics appoints Dr Daniel Turner as Chief Scientific Officer

January 3, 2024 | finance.yahoo.com

Switch Therapeutics Appoints Charles Allerson, Ph.D., as Chief Technology Officer

December 28, 2023 | benzinga.com

CASI Pharmaceuticals Stock (NASDAQ:CASI) Dividends: History, Yield and Dates

December 18, 2023 | finance.yahoo.com

CASI Pharmaceuticals, Inc.'s (NASDAQ:CASI) Price Is Right But Growth Is Lacking After Shares Rocket 33%

December 16, 2023 | morningstar.com

CASI Pharmaceuticals Inc CASI

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Company Calendar

Last Earnings: 8/11/2023
Today: 4/15/2024
Next Earnings (Estimated): 5/15/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Pharmaceutical preparations
Sub-Industry: N/A
Current Symbol: NASDAQ:CASI
CUSIP: N/A
CIK: 895051
Web: www.casipharmaceuticals.com
Phone: 861065086063
Fax: 301-315-2437
Employees: 176
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $12.00
High Stock Price Target: $12.00
Low Stock Price Target: $12.00
Potential Upside/Downside: +389.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.02)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-26,940,000.00
Net Margins: -79.30%
Pretax Margin: -77.61%
Return on Equity: -77.55%
Return on Assets: -30.64%

Debt

Debt-to-Equity Ratio: 0.78
Current Ratio: 3.55
Quick Ratio: 2.60

Sales & Book Value

Annual Sales: $33.88 million
Price / Sales: 0.97
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.81 per share
Price / Book: 1.35

Miscellaneous

Outstanding Shares: 13,400,000
Free Float: 10,555,000
Market Cap: $32.83 million
Optionable: Optionable
Beta: N/A

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Key Executives

Dr. Wei-Wu He Ph.D. (Age 59)
Chairman & CEO
Comp: $565.36k
Dr. Wei Zhang Ph.D. (Age 64)
President
Comp: $1.13M
Dr. Alexander A. Zukiwski M.D. (Age 67)
Executive VP & Chief Medical Officer
Comp: $514.79k
Ms. Kun Qian (Age 42)
VP & Global Controller
Ms. Chunhua Wang (Age 52)
Chief Operating Officer
Ms. Wei Gao (Age 43)
General Counsel
Dr. James E. Goldschmidt Ph.D.
Chief Business Development Officer
Mr. Hai Huang (Age 55)
Global Chief Commercial Officer
Ms. Amanda Cui
VP & Global Controller

Key Competitors

View All Competitors

Institutional Ownership

Citadel Advisors LLC
Bought 1,300 shares on 2/15/2024
Ownership: 0.000%

View All Institutional Transactions

CASI Stock Analysis - Frequently Asked Questions

Should I buy or sell CASI Pharmaceuticals stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CASI Pharmaceuticals in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CASI shares.
View CASI analyst ratings or view top-rated stocks.
What is CASI Pharmaceuticals' stock price target for 2024?: 1 Wall Street analysts have issued 12-month target prices for CASI Pharmaceuticals' stock. Their CASI share price targets range from $12.00 to $12.00. On average, they expect the company's share price to reach $12.00 in the next year. This suggests a possible upside of 458.1% from the stock's current price.
View analysts price targets for CASI or view top-rated stocks among Wall Street analysts.
How have CASI shares performed in 2024?: CASI Pharmaceuticals' stock was trading at $7.16 at the beginning of the year. Since then, CASI stock has decreased by 70.0% and is now trading at $2.15.
View the best growth stocks for 2024 here.
Are investors shorting CASI Pharmaceuticals?: CASI Pharmaceuticals saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 82,200 shares, a drop of 35.4% from the March 15th total of 127,300 shares. Based on an average trading volume of 198,700 shares, the short-interest ratio is currently 0.4 days. Approximately 1.3% of the shares of the company are short sold.
View CASI Pharmaceuticals' Short Interest.
When is CASI Pharmaceuticals' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024.
View our CASI earnings forecast.

How were CASI Pharmaceuticals' earnings last quarter?: CASI Pharmaceuticals, Inc. (NASDAQ:CASI) released its quarterly earnings results on Friday, August, 11th. The biotechnology company reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates of ($0.50) by $0.27. The biotechnology company had revenue of $9.82 million for the quarter, compared to analyst estimates of $10.09 million. CASI Pharmaceuticals had a negative trailing twelve-month return on equity of 77.55% and a negative net margin of 79.30%.
When did CASI Pharmaceuticals' stock split?: Shares of CASI Pharmaceuticals reverse split on the morning of Wednesday, June 1st 2022. The 1-10 reverse split was announced on Wednesday, June 1st 2022. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, June 1st 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.
What other stocks do shareholders of CASI Pharmaceuticals own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CASI Pharmaceuticals investors own include NVIDIA (NVDA), OPKO Health (OPK), Caladrius Biosciences (CLBS), Overstock.com (OSTK), Riot Platforms (RIOT), Boeing (BA), Enphase Energy (ENPH), Catalyst Pharmaceuticals (CPRX), Pure Storage (PSTG) and QUALCOMM (QCOM).
How do I buy shares of CASI Pharmaceuticals?: Shares of CASI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CASI) was last updated on 4/16/2024 by MarketBeat.com Staff

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CASI Pharmaceuticals (CASI) Stock Price, News & Analysis

CASI Pharmaceuticals MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About CASI Pharmaceuticals Stock (NASDAQ:CASI)

CASI Stock Price History

CASI Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

CASI Stock Analysis - Frequently Asked Questions

Overall MarketRank^™