Contineum Therapeutics (CTNM) Stock Price, News & Analysis

Company Overview

Contineum Therapeutics, Inc., a clinical stage biopharmaceutical company, focuses on discovering and developing novel oral small molecule therapies for neuroscience, inflammation, and immunology indications with high unmet need. Its lead asset is PIPE-791, a novel, brain penetrant, small molecule inhibitor of the lysophosphatidic acid 1 receptor (LPA1R) for the treatment of idiopathic pulmonary fibrosis and progressive multiple sclerosis (MS). The company also develops PIPE-307, a novel, small molecule selective inhibitor of the muscarinic type 1 M1 receptor to treat depression and relapse remitting MS; and CTX-343, a peripherally-restricted LPA1R antagonist. Contineum Therapeutics, Inc. was formerly known as Pipeline Therapeutics, Inc. and changed its name to Contineum Therapeutics, Inc. in November 2023. The company was incorporated in 2009 and is headquartered in San Diego, California.

Key Stats

• Today's Range: $13.66 to $14.22
• 50-Day Range: $13.30 to $20.08
• 52-Week Range: $12.33 to $22.00
• Volume: 4,874 shs
• Average Volume: 78,790 shs
• Market Capitalization: $352.15 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $29.25
• Consensus Rating: Buy

Contineum Therapeutics Stock Analysis - MarketRank™

Contineum Therapeutics scored higher than 33% of companies evaluated by MarketBeat, and ranked 817th out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Contineum Therapeutics has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Contineum Therapeutics has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Contineum Therapeutics are expected to grow in the coming year, from ($2.01) to ($1.87) per share.

Price to Book Value per Share Ratio

Contineum Therapeutics has a P/B Ratio of 1.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.90% of the float of Contineum Therapeutics has been sold short.

Short Interest Ratio / Days to Cover

Contineum Therapeutics has a short interest ratio ("days to cover") of 15.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Contineum Therapeutics has recently increased by 17.60%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Contineum Therapeutics does not currently pay a dividend.

Dividend Growth

Contineum Therapeutics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.90% of the float of Contineum Therapeutics has been sold short.

Short Interest Ratio / Days to Cover

Contineum Therapeutics has a short interest ratio ("days to cover") of 15.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Contineum Therapeutics has recently increased by 17.60%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.03

News Sentiment

Contineum Therapeutics has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Contineum Therapeutics this week, compared to 1 article on an average week.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Contineum Therapeutics insiders have not sold or bought any company stock.

CTNM Stock Analysis - Frequently Asked Questions

How have CTNM shares performed this year?

Contineum Therapeutics' stock was trading at $15.40 at the beginning of 2024. Since then, CTNM shares have decreased by 11.4% and is now trading at $13.65.
View the best growth stocks for 2024 here.

How were Contineum Therapeutics' earnings last quarter?

Contineum Therapeutics, Inc. (NASDAQ:CTNM) posted its quarterly earnings data on Wednesday, November, 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.01.

When did Contineum Therapeutics IPO?

Contineum Therapeutics (CTNM) raised $110 million in an initial public offering on Friday, April 5th 2024. The company issued 6,875,000 shares at $16.00 per share.

When did the company's lock-up period expire?

Contineum Therapeutics' lock-up period expired on Wednesday, October 2nd. Contineum Therapeutics had issued 6,875,000 shares in its public offering on April 5th. The total size of the offering was $110,000,000 based on an initial share price of $16.00. Since the end of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.

Who are Contineum Therapeutics' major shareholders?

Contineum Therapeutics' top institutional investors include Suvretta Capital Management LLC (6.69%), FMR LLC (2.71%), Geode Capital Management LLC (0.50%) and State Street Corp (0.44%).

How do I buy shares of Contineum Therapeutics?

Shares of CTNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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What other stocks do shareholders of Contineum Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Contineum Therapeutics investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:CTNM
• Previous Symbol: NASDAQ:CTNM
• CUSIP: N/A
• CIK: 1855175
• Web: www.contineum-tx.com
• Phone: (858) 333-5280
• Fax: N/A
• Employees: 31
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $29.25
• High Stock Price Target: $32.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: +114.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $22.72 million
• Net Margins: N/A
• Pretax Margin: 39.15%
• Return on Equity: -49.92%
• Return on Assets: -20.52%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 37.06
• Quick Ratio: 37.06

Sales & Book Value

• Annual Sales: $50 million
• Price / Sales: 7.04
• Cash Flow: $1.28 per share
• Price / Cash Flow: 10.69
• Book Value: $8.16 per share
• Price / Book: 1.67

Miscellaneous

• Outstanding Shares: 25,780,000
• Free Float: N/A
• Market Cap: $351.90 million
• Optionable: N/A
• Beta: N/A