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: $13.00 to $13.87
• 50-Day Range: $13.30 to $19.64
• 52-Week Range: $12.33 to $22.00
• Volume: 796,653 shs
• Average Volume: 85,236 shs
• Market Capitalization: $348.00 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 39% of companies evaluated by MarketBeat, and ranked 714th out of 944 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.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.40% 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 12.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Contineum Therapeutics has recently decreased by 0.95%, indicating that investor sentiment is improving.

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

7.40% 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 12.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Contineum Therapeutics has recently decreased by 0.95%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.63

News Sentiment

Contineum Therapeutics has a news sentiment score of 0.63. 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 news sentiment score is similar to the average news sentiment of Medical companies.

News Coverage This Week

MarketBeat has tracked 3 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 on January 1st, 2024. Since then, CTNM stock has decreased by 12.3% and is now trading at $13.50.
View the best growth stocks for 2024 here.

How were Contineum Therapeutics' earnings last quarter?

Contineum Therapeutics, Inc. (NASDAQ:CTNM) issued its earnings results on Wednesday, November, 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.01.

When did Contineum Therapeutics IPO?

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

Who are Contineum Therapeutics' major shareholders?

Top institutional investors of Contineum Therapeutics include Suvretta Capital Management LLC (6.69%), Franklin Resources Inc. (5.62%), FMR LLC (2.71%) and Geode Capital Management LLC (0.50%).

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.
Compare Top Brokerages Here.

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: 12/21/2024
• Fiscal Year End: 12/31/2024

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: +116.7%
• 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: 6.96
• Cash Flow: $1.18 per share
• Price / Cash Flow: 11.45
• Book Value: ($3.72) per share
• Price / Book: -3.63

Miscellaneous

• Outstanding Shares: 25,778,000
• Free Float: N/A
• Market Cap: $348.00 million
• Optionable: N/A
• Beta: N/A