SoFi CEO enters prepaid forward contract on 1.5 million shares
In a challenging turn of events for Citius Pharmaceuticals Inc (NASDAQ:CTXR), the company’s stock has plummeted to $1.41, near its 52-week low of $1.47. According to InvestingPro analysis, the company’s overall financial health score stands at 1.67, indicating a weak position. This significant downturn reflects a staggering 92.27% decline over the past year, with the stock falling 88% in just six months. Investors have watched with concern as the stock struggled to maintain its ground, ultimately succumbing to market pressures. While current metrics suggest the stock is undervalued, analysts maintain optimistic projections, with earnings expected to turn positive this year. The sharp decline has raised questions about the company’s future prospects and the broader implications for stakeholders. Get access to 10 more exclusive InvestingPro Tips for CTXR by visiting InvestingPro.
In other recent news, Citius Pharmaceuticals has received an upgraded stock rating from Boral (OTC:BOALY) Capital, moving from Hold to Buy. Boral Capital has set a price target of $9.00 for Citius Pharmaceuticals. This upgrade comes as a result of a revised valuation model that now considers a reverse stock split and a new timeline for the anticipated approval of Citius’s Mino-Lok product, which has been delayed by three years. The upgrade is also influenced by the potential market introduction of Lymphir, an immunotherapy treatment developed by Citius Oncology, a majority-owned subsidiary of Citius Pharmaceuticals. Lymphir is designed for adults with relapsed or refractory cutaneous T-cell lymphoma and is expected to be a significant value driver for the company. Analyst Jason Kolbert from Boral Capital highlighted the optimism surrounding Lymphir’s market potential as a key factor in the decision to upgrade the stock rating. These developments reflect Boral Capital’s confidence in Citius Pharmaceuticals’ future financial performance as it prepares to commercialize its subsidiary’s promising treatment.
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