Ladenburg Thalmann lifts Plus Therapeutics Inc. [PSTV] price estimate. Who else is bullish?
Plus Therapeutics Company [NASDAQ: PSTV] It fell by $0.0 during the regular trading session on Thursday and reached a high of $0.525 on the day while closing the day at $0.49. Company report on September 22 2022 that Plus Therapeutics enters into a $17.6 million contract with the Texas Cancer Prevention Research Institute.
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The initial CPRIT grant funds of $1.9 million will be disbursed to the company by October 31, 2022.
CPRIT grant to support the majority of the 186RNL Targeted Therapeutic Development Costs for the Meningeal Fibroblast Metastases Program over a three-year period; The company’s projected cash runway has been extended through 2025.
Plus Therapeutics Inc. stock also lost ground. -21.68% of its value over the past 7 days. However, PSTV stock is down -9.33% in the three months of the year. Over the past six months, it has lost -52.90% and lost -53.80% on an annual basis.
The market capitalization of PSTV shares was $16.25 million, of which 32.43 million shares are outstanding and 32.07 million are in current float. Compared to an average trading volume of 4.07 million shares, PSTV reached a trading volume of 2,999,589 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what leading stock market experts are saying about Plus Therapeutics Inc. [PSTV]:
Ladenburg Thalmann made an estimate for the stock of Plus Therapeutics Inc. , retaining their opinion of the stock as Buy, with their previous recommendation back on January 25, 2021. While these analysts kept the previous recommendation, Maxim Group raised its buy target. The new price target note was released on October 16, 2020, which is the official price target for Plus Therapeutics Inc. stock.
The Average True Range (ATR) is set by Plus Therapeutics Inc. at 0.12. The price-to-book value ratio for the fourth quarter was 1.13, with the price-to-cash-to-cash ratio for the same quarter set at 0.54.
PSTV stock trading performance evaluation
Plus Therapeutics Company [PSTV] It fell into the red at the end of last week, fell in a negative direction and fell by -21.68. With this latest performance, PSTV shares are down -36.16% over the past four-week period, and have also fallen -52.90% over the past six months – not to mention a -75.38% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the PSTV stock for the past two weeks is set at 34.50, with the RSI for the last one trading at 25.50, and the three-week RSI at 39.48 for Plus Therapeutics Inc. [PSTV]. The current moving average for the last 50 trading days for this stock is 0.6193 while it recorded at 0.5319 for the last trading week, and 0.8017 for the last 200 days.
Plus Therapeutics Company [PSTV]: Insight into the basic fundamentals
The return on equity for this stock fell to -193.25, with the return on assets remaining at -78.62.
Plus Therapeutics Inc.’s liquidity data is Interesting too, as the current ratio is set at 2.70.
Plus Therapeutics Company [PSTV]: Insiders ownership positions
There is currently about $2 million, or 11.00% of PSTV’s stock, in the hands of institutional investors. The three largest PSTV owners are: PARKMAN HEALTHCARE PARTNERS LLC with 1,533,075 ownership, which represents about 0.443% of the company’s market capitalization and about 0.40% of the total institutional ownership; VANGUARD GROUP INC, which owns 855,264 shares of stock with an approximate value of $0.41 million in PSTV stock; and OTTER CREEK ADVISORS, LLC, with $0.16 million in PSTV stock with ownership of approximately 293.521% of the company’s market value.
Positions increased in Plus Therapeutics Inc. shares. held by institutional investors at the end of July and at the time of the July report, as 10 institutional owners consolidated their positions in Plus Therapeutics Inc. [NASDAQ:PSTV] About 403,706 shares. In addition, 5 investors decreased positions by about 95,239 shares, while 10 investors held positions with 3,067.558 shares. The said changes put institutional holdings at 3,56,6503 shares, according to the latest report from the Securities and Exchange Commission. PSTV had 3 new institutional investments totaling 80,089 shares, while 1 institutional investor sold deals totaling 10,942 shares during the same period.