Catalyst Pharmaceuticals Inc. [CPRX] Is Currently 9.83 below its 200 Period Moving Avg: What Does This Mean?

Catalyst Pharmaceuticals Inc. [NASDAQ: CPRX] gained 9.83% or 1.41 points to close at $15.75 with a heavy trading volume of 3312474 shares. The company report on March 15, 2023 that Catalyst Pharmaceuticals Reports Fourth Quarter and Full Year 2022 Financial Results and Provides Business Update.

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Achieved Record 2022 Total Net Revenues of $214 Million, a 52% YoY Increase.

Achieved FIRDAPSE® Q4 2022 Net Product Revenues of $61 Million, a 59% YoY Increase.

It opened the trading session at $14.47, the shares rose to $16.3299 and dropped to $13.87, the range by which the price of stock traded the whole day. The daily chart for CPRX points out that the company has recorded 1.48% gains over the past six months. However, it is still -156.1% lower than its most recent low trading price.

If we look at the average trading volume of 2.37M shares, CPRX reached to a volume of 3312474 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Catalyst Pharmaceuticals Inc. [CPRX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CPRX shares is $20.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CPRX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

ROTH Capital have made an estimate for Catalyst Pharmaceuticals Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 24, 2022. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on September 21, 2018, representing the official price target for Catalyst Pharmaceuticals Inc. stock.

The Average True Range (ATR) for Catalyst Pharmaceuticals Inc. is set at 0.75, with the Price to Sales ratio for CPRX stock in the period of the last 12 months amounting to 8.79. The Price to Book ratio for the last quarter was 6.03, with the Price to Cash per share for the same quarter was set at 2.39.

Trading performance analysis for CPRX stock

Catalyst Pharmaceuticals Inc. [CPRX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.65. With this latest performance, CPRX shares gained by 1.88% in over the last four-week period, additionally plugging by 1.48% over the last 6 months – not to mention a rise of 108.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CPRX stock in for the last two-week period is set at 53.37, with the RSI for the last a single of trading hit 59.54, and the three-weeks RSI is set at 50.34 for Catalyst Pharmaceuticals Inc. [CPRX]. The present Moving Average for the last 50 days of trading for this stock 16.50, while it was recorded at 14.84 for the last single week of trading, and 13.61 for the last 200 days.

Catalyst Pharmaceuticals Inc. [CPRX]: A deeper dive into fundamental analysis

Catalyst Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.00 and a Current Ratio set at 6.20.

An analysis of insider ownership at Catalyst Pharmaceuticals Inc. [CPRX]

There are presently around $1,339 million, or 83.20% of CPRX stock, in the hands of institutional investors. The top three institutional holders of CPRX stocks are: BLACKROCK INC. with ownership of 15,690,326, which is approximately 2.76% of the company’s market cap and around 5.90% of the total institutional ownership; STATE STREET CORP, holding 7,873,314 shares of the stock with an approximate value of $124.0 million in CPRX stocks shares; and VANGUARD GROUP INC, currently with $106.61 million in CPRX stock with ownership of nearly 10.246% of the company’s market capitalization.

155 institutional holders increased their position in Catalyst Pharmaceuticals Inc. [NASDAQ:CPRX] by around 10,199,438 shares. Additionally, 101 investors decreased positions by around 10,248,938 shares, while 29 investors held positions by with 64,572,482 shares. The mentioned changes placed institutional holdings at 85,020,858 shares, according to the latest SEC report filing. CPRX stock had 56 new institutional investments in for a total of 2,682,667 shares, while 22 institutional investors sold positions of 1,442,549 shares during the same period.


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