Cempra, Inc. (CEMP) Going Through Hard Times This Year

Cempra, Inc. (CEMP) shares saw a recent bid of $3.90 and 1.68M shares have exchanged hands in the recent trading session, yielding a 0.00% gain over the past week. The stock price increased 1.30% or $-0.05 versus $3.85 at the end of the prior session. This change led market cap to move at $202.10M, putting the price -85.53% below the 52-week high and 52.94% above the 52-week low. The company’s stock has a normal trading capacity of 914.79K shares while the relative volume is 1.87.

 

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $3.83 while $9.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $5.17 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $2.00, which would be decrease of about -49% of its current value. The mean target of $3.00 should be compared with the price when the stock was languishing around $2.55 a share. And it remains to be seen which target price CEMP can achieve without sacrificing much as the company is holding a -78.88% fall for the past twelve months.

 

By historical standards, Cempra, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts above the average P/E ratio of 250.72 times earnings. For now, Cempra, Inc. is the toast of Wall Street as its ABR stands at 3.30 with 0 out of 11 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Cempra, Inc. has a 10.04% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Cempra, Inc. has far performed well this year, with the share price up 39.29% since January. Over the past 2 quarters, the stock is down -44.68%, compared with a gain of nearly 1.30% for 3 months and about 1.30% for the past 30 days.

 

Last time, the company shocked Wall Street by reporting EPS of $-0.37, smashing the consensus of $-0.52 per share. Revenue for the quarter also killed consensus, coming in at $4.87M, compared to the consensus of 4.82M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.31. The company is expected to report EPS as high as $-0.15 and as low as $-0.44 per share. Similarly, full-year EPS forecasts have ranged between $-1.22 and $-0.78. The mean EPS estimate is $-1.06. On the other side, sales forecasts for the current quarter are $3.6M. The stock is expected to report revenue as high as $4.8M and as low as $2M per share. Similarly, full-year sales forecasts have ranged between $11M and $18.51M. The mean revenue estimate is $15.03M.

 

Over the last 5 years, Cempra, Inc. has averaged a -13.20% YoY EPS growth rate. Analysts are expecting EPS growth rates to be at -12.10% this quarter and EPS estimate for next year reflect 19.80% growth rate.

 

Sell-side analysts also have something to say about this company. Gabelli & Co had a markedly different take on 29/03/2017, proposing that Cempra, Inc. is now considered Sell versus prior Hold rating. ROTH Capital raised its rating on Cempra, Inc. to Buy on 27/02/2017 in a reversal from its prior Neutral rating. Morgan Stanley raised its rating on Cempra, Inc. to Equal-Weight on 30/12/2016 in a reversal from its prior Underweight rating. ROTH Capital had a markedly different take on 30/12/2016, proposing that Cempra, Inc. is now considered Neutral versus prior Buy rating.

 

 

Cempra, Inc. (CEMP) Going Through Hard Times This Year was last modified: June 19th, 2017 by Rosemary Becker
No Comments Yet

Leave a Reply

Your email address will not be published.

Stock News Magazine
Now there is no need to go through dozens of information portals, collecting a bit of the picture of the day. All the latest news from the region, the country, the world, you can find on the newsline of our site. The loudest incidents, interesting events, current opinions, people in the spotlight and much more – we gathered for you in one place.