CytRx Corporation (CYTR) Receives Analyst Rating

CytRx Corporation (CYTR) : The consensus on CytRx Corporation (CYTR) based on 3 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

CytRx Corporation (CYTR) : The most positive equity analysts on CytRx Corporation (CYTR) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $1 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $4.58 with an expected fluctuation of $4.82 from the mean.


CytRx Corporation (NASDAQ:CYTR): After opening at $0.5605, the stock dipped to an intraday low of $0.555 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $0.58 and the buying power remained strong till the end. The stock closed at $0.5709 for the day, a gain of 0.97% for the day session. The total traded volume was 499,065. The stocks close on the previous trading day was $0.5654.

CytRx Corporation is a biopharmaceutical research and development company specializing in oncology. The company is focused on the clinical development of aldoxorubicin, its modified version of a chemotherapeutic agent. Aldoxorubicin is a conjugate of the commonly prescribed chemotherapeutic agent doxorubicin that binds to circulating albumin in the bloodstream and is concentrated at the site of tumors. It consists of (6-Maleimidocaproyl) hydrazine, an acid-sensitive molecule that is conjugated to doxorubicin. Its laboratory in Freiburg, Germany is conducting discovery and translational research to create drug candidates that utilize linker technologies that couple chemotherapeutic agents and proteins either inside the body or externally, and then concentrate drug in tumors.

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