The stock of Caladrius Biosciences, Inc. (NASDAQ:CLBS) is now priced at $2.18 and the shares are -0.03 points down or -1.36% lower compared to its previous closing price of $2.21. The stock had 4.673 million contracts set over the past session. CLBS shares’ daily volume is compared to its average trading volume at 0.869 million shares. However, it has a float of 15.99 million and although its performance was -2.68% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the CLBS share price recently placing at $2.15 to $2.5. However, some brokerage firms have priced the stock below the average, including one that has called $7.

The shorts are running away from the Caladrius Biosciences, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the CLBS shares have declined. Short interest in the stock represents just 1.55% of its float, but the volume has dropped by -15685. The volume of shorted shares dropped to 248408 from 264093 shares over the last two weeks. The average intraday trading volume has been 1.026 million shares, which means that days to cover moved to roughly 1.

In the last trading session, Caladrius Biosciences, Inc. (NASDAQ:CLBS) dropped by -$0.06 over the week and lost -$0.28 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $3.64. The stock recorded its established 52-week high on 01/13/20.

Since 03/19/20, the stock has traded to a low of $1.05 at 107.62%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.6. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, Caladrius Biosciences, Inc.’s two-week RSI is 46.98. This suggests that the stock is neutral at the moment and that CLBS shares’ price movement remains stable. The stochastic readings are equally revealing at 24.53% meaning the CLBS share price is currently in overbought territory.

The technical chart shows that the CLBS stock will likely settle at between $2.4 and $2.63 per share. However, if the stock dips below $2.05, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.93.

Currently, the stock is trading in the red of MACD, with a reading of -0.02. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Analysts at Dawson James cut their recommendation for CLBS from Buy to Neutral in May 18 review. H.C. Wainwright analysts see the stock as a Buy with a target price of $18.5 in a flash note released to investors on November 20 resuming covering the stock. Chardan Capital Markets analysts see the stock as Buy when the analysts initiated the share price coverage on August 23, placing it at $6.5.

The average rating for the CLBS equity is 2.25 and is currently gathering a bullish momentum. Of 4 analysts tracking Caladrius Biosciences, Inc. polled by Reuters, 1 rated CLBS as a hold. The remaining 3 analysts were split evenly. However, the split wasn’t equal as a majority (3) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.

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