Somewhat Favorable Press Coverage Somewhat Unlikely to Affect CASI Pharmaceuticals (CASI) Stock Price

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News headlines about CASI Pharmaceuticals (NASDAQ:CASI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores 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 nearest to one being the most favorable. CASI Pharmaceuticals earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the biotechnology company an impact score of 44.9350949226885 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern’s rankings:

Several analysts have commented on CASI shares. ValuEngine downgraded CASI Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. BidaskClub downgraded CASI Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, June 7th. Finally, HC Wainwright reiterated a “buy” rating and set a $7.00 target price on shares of CASI Pharmaceuticals in a research note on Wednesday, April 4th.

Shares of CASI opened at $6.62 on Wednesday. The firm has a market cap of $540.99 million, a price-to-earnings ratio of -36.78 and a beta of 0.82. CASI Pharmaceuticals has a 12 month low of $0.93 and a 12 month high of $8.42. The company has a current ratio of 25.53, a quick ratio of 25.53 and a debt-to-equity ratio of 0.02.

CASI Pharmaceuticals (NASDAQ:CASI) last released its quarterly earnings data on Tuesday, May 15th. The biotechnology company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. equities research analysts expect that CASI Pharmaceuticals will post -0.22 earnings per share for the current year.

CASI Pharmaceuticals Company Profile

CASI Pharmaceuticals, Inc, a biopharmaceutical company, develops therapeutics addressing cancer and other unmet medical needs in China. Its lead drug candidate is ENMD-2076, an Aurora A/angiogenic kinase inhibitor, which is in multiple Phase II studies in advanced fibrolamellar carcinoma and triple-negative breast cancer.

Insider Buying and Selling by Quarter for CASI Pharmaceuticals (NASDAQ:CASI)

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