Cellectar Biosciences (CLRB) Given Media Sentiment Rating of 0.05

Press coverage about Cellectar Biosciences (NASDAQ:CLRB) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cellectar Biosciences earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the biopharmaceutical company an impact score of 48.2641232773629 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Cellectar Biosciences (NASDAQ:CLRB) traded down $0.06 on Tuesday, reaching $1.25. 890,900 shares of the company’s stock traded hands, compared to its average volume of 310,140. Cellectar Biosciences has a 1-year low of $1.06 and a 1-year high of $3.07. The firm has a market capitalization of $19.93, a P/E ratio of -1.17 and a beta of 0.97.

Cellectar Biosciences (NASDAQ:CLRB) last announced its quarterly earnings data on Thursday, November 9th. The biopharmaceutical company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). research analysts predict that Cellectar Biosciences will post -0.96 earnings per share for the current year.

Separately, Zacks Investment Research downgraded shares of Cellectar Biosciences from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st.

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Cellectar Biosciences Company Profile

Cellectar Biosciences, Inc, formerly Novelos Therapeutics, Inc, is a clinical stage biopharmaceutical company. The Company is engaged in developing phospholipid ether-drug conjugates (PDCs) for the treatment and diagnostic imaging of cancer. Its research and development program is based on its PDC cancer targeting delivery platform.

Insider Buying and Selling by Quarter for Cellectar Biosciences (NASDAQ:CLRB)

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