Corbus Pharmaceuticals (CRBP) Earning Somewhat Favorable Media Coverage, Study Finds
News stories about Corbus Pharmaceuticals (NASDAQ:CRBP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Corbus Pharmaceuticals earned a news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the biopharmaceutical company an impact score of 46.3024523099335 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Corbus Pharmaceuticals Holdings, Inc. (CRBP) finishes with -3.52% while stock price is worth at $6.85 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Corbus Wounded in FY17, Shares Sink (baystreet.ca)
- Corbus Pharmaceuticals Reports 2017 Financial Results and Provides Clinical Update (finance.yahoo.com)
- Corbus Pharmaceuticals (CRBP) Issues Earnings Results (americanbankingnews.com)
- Is The Stock Worthy? – Corbus Pharmaceuticals Holdings Inc (NASDAQ: CRBP) – Alpha Beta Stock (alphabetastock.com)
Shares of Corbus Pharmaceuticals (CRBP) opened at $6.75 on Wednesday. Corbus Pharmaceuticals has a 1-year low of $5.30 and a 1-year high of $10.50. The firm has a market capitalization of $391.37, a price-to-earnings ratio of -10.38 and a beta of 2.09.
A number of research firms recently issued reports on CRBP. BidaskClub upgraded Corbus Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Raymond James Financial began coverage on Corbus Pharmaceuticals in a report on Friday, January 19th. They set an “outperform” rating and a $24.00 price objective for the company. ValuEngine upgraded Corbus Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Cantor Fitzgerald set a $28.00 price objective on Corbus Pharmaceuticals and gave the company an “overweight” rating in a report on Thursday, December 14th. Finally, Noble Financial reiterated a “buy” rating on shares of Corbus Pharmaceuticals in a report on Friday, December 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $25.75.
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About Corbus Pharmaceuticals
Corbus Pharmaceuticals Holdings, Inc is a clinical-stage pharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat rare, chronic and serious inflammatory and fibrotic diseases. The Company operates through developing and commercializing therapeutics to treat rare life-threatening inflammatory fibrotic diseases segment.
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