Shares of Cardiff Oncology, Inc. (NASDAQ:CRDF – Get Free Report) have received a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.50.
CRDF has been the subject of several analyst reports. Craig Hallum cut Cardiff Oncology from a “buy” rating to a “hold” rating and set a $2.00 price objective for the company. in a report on Wednesday, June 3rd. TD Cowen cut Cardiff Oncology from a “buy” rating to a “hold” rating in a research report on Monday, June 1st. William Blair downgraded Cardiff Oncology from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 11th. Wall Street Zen lowered Cardiff Oncology from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, HC Wainwright cut shares of Cardiff Oncology from a “buy” rating to a “neutral” rating in a research note on Monday, June 1st.
Get Our Latest Analysis on CRDF
Insider Activity at Cardiff Oncology
Hedge Funds Weigh In On Cardiff Oncology
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new stake in Cardiff Oncology in the 2nd quarter valued at about $37,000. Glenview Trust Co purchased a new position in Cardiff Oncology in the 2nd quarter worth approximately $56,000. Capstone Investment Advisors LLC acquired a new position in shares of Cardiff Oncology during the 2nd quarter worth approximately $67,000. X Square Capital LLC purchased a new stake in shares of Cardiff Oncology in the second quarter valued at approximately $267,000. Finally, Ieq Capital LLC purchased a new stake in shares of Cardiff Oncology in the second quarter valued at approximately $58,000. 16.29% of the stock is currently owned by institutional investors and hedge funds.
Cardiff Oncology Stock Performance
NASDAQ CRDF traded up $0.14 on Monday, reaching $1.02. 667,034 shares of the company’s stock traded hands, compared to its average volume of 1,177,771. The firm has a market cap of $79.43 million, a price-to-earnings ratio of -1.70 and a beta of 1.49. The stock has a 50 day moving average price of $1.07 and a 200-day moving average price of $1.48. Cardiff Oncology has a fifty-two week low of $0.76 and a fifty-two week high of $3.31.
Cardiff Oncology (NASDAQ:CRDF – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $0.10 million for the quarter, compared to analyst estimates of $0.06 million. Cardiff Oncology had a negative return on equity of 103.10% and a negative net margin of 7,885.43%. As a group, equities research analysts anticipate that Cardiff Oncology will post -0.63 EPS for the current fiscal year.
Cardiff Oncology Company Profile
Cardiff Oncology, Inc is a clinical-stage biopharmaceutical company headquartered in Cambridge, Massachusetts. The company is dedicated to the discovery, development and commercialization of novel small-molecule therapies designed to modulate the tumor microenvironment and enhance antitumor immune responses. By focusing on unique immuno-oncology targets, Cardiff seeks to address resistance pathways that limit the effectiveness of existing cancer treatments.
Cardiff’s pipeline comprises several small-molecule immunomodulators in various stages of preclinical and clinical development.
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