Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Cellectar Biosciences (CLRB) Stock Price

Media coverage about Cellectar Biosciences (NASDAQ:CLRB) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cellectar Biosciences earned a daily sentiment score of 0.01 on Accern’s scale. Accern also gave news articles about the biopharmaceutical company an impact score of 46.8480318763672 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Separately, Zacks Investment Research downgraded Cellectar Biosciences from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st.

Shares of Cellectar Biosciences (NASDAQ:CLRB) traded down $0.01 during trading on Thursday, hitting $1.36. The stock had a trading volume of 130,300 shares, compared to its average volume of 134,000. Cellectar Biosciences has a fifty-two week low of $1.08 and a fifty-two week high of $3.07. The stock has a market capitalization of $21.67, a P/E ratio of -1.27 and a beta of 0.97.

Cellectar Biosciences (NASDAQ:CLRB) last announced its quarterly earnings data on Thursday, November 9th. The biopharmaceutical company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). research analysts anticipate that Cellectar Biosciences will post -0.96 earnings per share for the current year.

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About Cellectar Biosciences

Cellectar Biosciences, Inc, formerly Novelos Therapeutics, Inc, is a clinical stage biopharmaceutical company. The Company is engaged in developing phospholipid ether-drug conjugates (PDCs) for the treatment and diagnostic imaging of cancer. Its research and development program is based on its PDC cancer targeting delivery platform.

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