As of Thursday close, Delcath Systems Inc.’s (NASDAQ:DCTH) stock was down -$0.61, moving down -11.28 percent to $4.80. The average number of shares traded per day over the past five days has been 24,001,701 shares. 2 times new highs have been achieved over the past 5 days, with a $1.57 gain in that time frame. In the last twenty days, the average volume was 6,228,435, while in the previous 50 days, it was 2,538,182.
Since last month, DCTH stock retreated -0.21%. Shares of the company fell to $2.82 on 08/10/23, the lowest level in the past month. A 52-week high of $7.99 was reached on 06/01/23 after having rallying from a 52-week low of $2.34. Since the beginning of this year, DCTH’s stock price has risen by 33.33% or $1.20, and marked a new high 26 times. However, the stock has declined by -39.92% since its 52-week high.
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DCTH stock investors should be aware that Delcath Systems Inc. (DCTH) stock had its last reported insider trading activity 142 days ago on Mar 29. MICHEL GERARD J, the Chief Executive Officer of the company, purchased of 19,646 shares for $4.84 on Mar 29. It resulted in a $95,087 investment by the insider. Rosalind Advisors, Inc. added 15,215 shares at an average price of $3.62 on Dec 14. The insider now owns 459,315 shares following the transaction. On Dec 14, Director SALAMON STEVEN A J bought 15,215 shares at $3.62 apiece. The transaction was valued at $55,045.
Financial Health
In the three months ended June 29, Delcath Systems Inc.’s quick ratio stood at 2.00, while its current ratio was 2.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 71.70% percent. Based on annual data, DCTH earned $2.03 million in gross profit and brought in $2.72 million in revenue.
In Delcath Systems Inc.’s quarter-end financial report for June 29, it reported total debt of $0.41 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DCTH’s revenue fell -60.0% to $0.6 million during the quarter, while net income inched up to $0.5 million. While analysts expected Delcath Systems Inc. to report -$0.6 quarterly earnings, the actual figure was -$0.58 per share, beating the consensus estimate by 3.30%. During the quarter, the company generated -$7.77 million in EBITDA. The liabilities of Delcath Systems Inc. were 21.29 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $15.28 million.
Technical Picture
This quick technical analysis looks at Delcath Systems Inc.’s (DCTH) price momentum. With a historical volatility rate of 336.74%, the RSI 9-day stood at 55.81% on 17 August.
With respect to its five-day moving average, the current Delcath Systems Inc. price is up by +48.61% percent or $1.57. At present, DCTH shares trade -2.04% below its 20-day simple moving average and -0.83% percent below its 100-day simple moving average. However, the stock is currently trading approximately -31.91% below its SMA50 and +68.42% above its SMA200.
Stochastic coefficient K was 55.58% and Stochastic coefficient D was 44.11%, while ATR was 0.80. Given the Stochastic reading of 44.49% for the 14-day period, the RSI (14) reading has been calculated as 52.40%. As of today, the MACD Oscillator reading stands at 1.14, while the 14-day reading stands at 1.15.
Analyst Ratings
Delcath Systems Inc. (DCTH) has been rated Buy by analysts. According to 0 brokerage firms, DCTH is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Delcath Systems Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $18.00, the current consensus forecast for the stock is $13.00 – $22.00. Based on these forecasts, analysts predict Delcath Systems Inc. (DCTH) will achieve an average price target of $18.20.
