Clearside Biomedical Inc

Clearside Biomedical Inc Stock Forecast & Price Prediction

Live Clearside Biomedical Inc Stock (CLSD) Price
$1.00

7

Ratings

  • Buy 7
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$1.00

P/E Ratio

-1.89

Volume Traded Today

$237,789

Dividend

Dividends not available for CLSD

52 Week High/low

2.12/0.92

Clearside Biomedical Inc Market Cap

$75.8M

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CLSD Summary

Based on ratings from 7 stock analysts, the Clearside Biomedical Inc stock price is expected to increase by 500% in 12 months. This is calculated by using the average 12-month stock price forecast for Clearside Biomedical Inc. The lowest target is $5 and the highest is $8. Please note analyst price targets are not guaranteed and could be missed completely.

CLSD Analyst Ratings

CLSD is a stock in Healthcare which has been forecasted to be worth $6 as an average. On the higher end, the forecast price is $8 USD by Annabel Samimy from Stifel and on the lower end CLSD is forecasted to be $5 by from Wedbush.

CLSD stock forecast by analyst

These are the latest 20 analyst ratings of CLSD.

Analyst/Firm

Rating

Price Target

Change

Date

Daniil Gataulin
Chardan Capital

Buy

$6

Maintains

Nov 15, 2024
Yi Chen
HC Wainwright & Co.

Buy

$6

Reiterates

Nov 14, 2024
Serge Belanger
Needham

Buy

$6

Reiterates

Nov 13, 2024
Daniil Gataulin
Chardan Capital

Buy

$6

Maintains

Oct 14, 2024
Serge Belanger
Needham

Buy

$6

Maintains

Oct 10, 2024
Yi Chen
HC Wainwright & Co.

Buy

$5

Reiterates

Aug 27, 2024
Daniil Gataulin
Chardan Capital

Buy

$6

Initiates

Aug 21, 2024
Yi Chen
HC Wainwright & Co.

Buy

$5

Reiterates

Aug 13, 2024
Serge Belanger
Needham

Buy

$4

Reiterates

Aug 13, 2024
Yi Chen
HC Wainwright & Co.

Buy

$5

Reiterates

Jul 30, 2024
Serge Belanger
Needham

Buy

$4

Reiterates

Jul 25, 2024
Andreas Argyrides
Oppenheimer

Outperform

$5

Initiates

Jun 25, 2024
Serge Belanger
Needham

Buy

$4

Reiterates

May 13, 2024
Yi Chen
HC Wainwright & Co.

Buy

$5

Maintains

May 13, 2024

Needham

Buy

$4

Reiterates

Apr 11, 2024
Yi Chen
HC Wainwright & Co.

Buy

$6

Reiterates

Mar 14, 2024
Liana Moussatos
Wedbush

Outperform

$4

Maintains

Mar 13, 2024
Serge Belanger
Needham

Buy

$4

Reiterates

Mar 13, 2024
Jonathan Wolleben
JMP Securities

Market Outperform

$5

Reiterates

Mar 13, 2024
Yi Chen
HC Wainwright & Co.

Buy

$6

Reiterates

Nov 14, 2023

CLSD Company Information

What They Do: Develops innovative eye therapies for retinal diseases.

Business Model: The company focuses on biopharmaceuticals that deliver therapies directly to the back of the eye via the suprachoroidal space. It generates revenue through the commercialization of its product XIPERE and potentially from partnerships and collaborations aimed at advancing its clinical pipeline, including the ongoing development of CLS-AX.

Other Information: Founded in 2011 and based in Alpharetta, Georgia, Clearside Biomedical has established collaborations with notable companies such as Bausch Health and REGENXBIO to enhance its research and development capabilities.
CLSD
Clearside Biomedical Inc (CLSD)

When did it IPO

2016

Staff Count

30

Country

United States

Sector/Industry

Healthcare/Biotechnology

CEO

Dr. George M. Lasezkay J.D., Pharm.D., Pharma.D.

Market Cap

$75.8M

Clearside Biomedical Inc (CLSD) Financial Data

In 2023, CLSD generated $8.2M in revenue, which was a increase of 519.89% from the previous year. This can be seen as a signal that CLSD's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$7.9M

Revenue From 2021

$29.6M

274.65 %
From Previous Year

Revenue From 2022

$1.3M

-95.51 %
From Previous Year

Revenue From 2023

$8.2M

519.89 %
From Previous Year
  • Revenue TTM $7.5M
  • Operating Margin TTM -8,433.3%
  • Gross profit TTM $7.9M
  • Return on assets TTM -44.1%
  • Return on equity TTM 204.2%
  • Profit Margin 95.7%
  • Book Value Per Share -0.25%
  • Market capitalisation $75.8M
  • Revenue for 2021 $29.6M
  • Revenue for 2022 $1.3M
  • Revenue for 2023 $8.2M
  • EPS this year (TTM) $-0.45

Clearside Biomedical Inc (CLSD) Latest News

News Image

Mon, 25 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Clearside Biomedical showcased its suprachoroidal delivery technology and pipeline programs at international medical meetings, reinforcing its leadership in the field.

Why It Matters - Clearside's advancements in suprachoroidal delivery technology and positive clinical results enhance its market position, potentially driving future revenue and investor interest.

News Image

Fri, 15 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Clearside Biomedical (CLSD) has been upgraded to a Zacks Rank #2 (Buy), indicating increased optimism about its earnings prospects.

Why It Matters - An upgrade to Zacks Rank #2 (Buy) indicates increased confidence in Clearside Biomedical's earnings potential, suggesting potential stock price appreciation and attracting investors.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Clearside Biomedical will hold its Q3 2024 earnings call on November 12, 2024, at 4:30 PM ET, featuring key executives and analysts from various firms.

Why It Matters - The earnings call will provide insights into Clearside Biomedical's financial performance and strategic direction, influencing investor sentiment and stock valuation.

News Image

Tue, 12 Nov 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Clearside Biomedical (CLSD) reported a quarterly loss of $0.10 per share, better than the estimated loss of $0.14, and an improvement from a loss of $0.15 per share a year prior.

Why It Matters - Clearside Biomedical's smaller-than-expected loss indicates improving financial performance and may boost investor confidence, potentially influencing stock price positively.

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Clearside Biomedical's partnership with Arctic Vision and Santen Pharmaceutical aims to enhance treatment for posterior segment eye diseases in China, validating its SCSยฎ delivery platform.

Why It Matters - The partnership expands Clearside's market reach in China, validating its SCS delivery platform and potentially boosting revenue from treatments for eye diseases.

News Image

Mon, 04 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Clearside Biomedical appointed Tony Gibney as Chair of its Board of Directors, effective November 1, 2024, succeeding Clay Thorp, who remains on the Board.

Why It Matters - The appointment of Tony Gibney as Chair may signal a strategic shift in leadership, potentially influencing Clearside's direction and investor confidence in its innovative eye therapies.

...

CLSD Frequently asked questions

The highest forecasted price for CLSD is $8 from Annabel Samimy at Stifel.

The lowest forecasted price for CLSD is $5 from from Wedbush

The CLSD analyst ratings consensus are 7 buy ratings, 0 hold ratings, and 0 sell ratings.