Cellular Biomedicine Group (NASDAQ:CBMG) announced its earnings results on Tuesday. The biotechnology company reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by ($0.04), MarketWatch Earnings reports. The business had revenue of $0.07 million for the quarter, compared to analyst estimates of $0.05 million. Cellular Biomedicine Group had a negative return on equity of 47.52% and a negative net margin of 10,133.88%.
CBMG traded up $2.50 during mid-day trading on Wednesday, hitting $16.82. 2,335 shares of the stock were exchanged, compared to its average volume of 65,768. Cellular Biomedicine Group has a 1-year low of $9.80 and a 1-year high of $25.00. The firm has a market cap of $263.53 million, a price-to-earnings ratio of -8.36 and a beta of 3.45.
Several analysts have issued reports on the company. BidaskClub upgraded Cellular Biomedicine Group from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research lowered Cellular Biomedicine Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, B. Riley set a $38.00 target price on Cellular Biomedicine Group and gave the stock a “buy” rating in a research note on Sunday, October 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $28.50.
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Cellular Biomedicine Group Company Profile
Cellular Biomedicine Group, Inc, a clinical stage biopharmaceutical company, develops therapies for cancer and degenerative diseases in Greater China. It focuses on developing and marketing cell-based therapies to treat various diseases, such as cancer, orthopedic, and metabolic diseases. The company develops treatments utilizing proprietary cell based technologies, including immune cell therapy for the treatment of a range of cancers; human adipose-derived mesenchymal progenitor cells for the treatment of joint and autoimmune diseases; tumor cell specific dendritic cell therapy; and Re-Join therapy and AlloJoin therapy for the treatment of knee osteoarthritis.
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