Separately, Needham & Company LLC reaffirmed a buy rating and issued a $3.50 price objective on shares of CTI BioPharma in a report on Monday, February 3rd.
Shares of CTIC stock traded down $0.06 during trading hours on Tuesday, hitting $1.26. The company’s stock had a trading volume of 3,877 shares, compared to its average volume of 279,276. The company has a 50 day moving average of $1.39 and a 200 day moving average of $0.98. The stock has a market cap of $76.24 million, a PE ratio of -2.31 and a beta of 1.95. CTI BioPharma has a 12-month low of $0.63 and a 12-month high of $1.93.
CTI BioPharma Company Profile
CTI BioPharma Corp., a biopharmaceutical company, focuses on the acquisition, development, and commercialization of novel targeted therapies for blood-related cancers in the United States and internationally. It develops PIXUVRI, a novel aza-anthracenedione for the treatment of adult patients with multiply relapsed or refractory aggressive B-cell non-Hodgkin lymphoma; and pacritinib, an investigational oral kinase inhibitor with specificity for JAK2, FLT3, IRAK1, and CSF1R, which is in Phase III clinical trials for the treatment of adult patients with myelofibrosis.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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