CytomX Hits 52-Week High Amid Strong Financial Performance

Published 1 days agoCTMX

CytomX Hits 52-Week High Amid Strong Financial Performance

CytomX Therapeutics Inc. has reached a 52-week high, with its stock climbing to $2.66 per share. As of May 30, 2025, the shares closed at $2.55 after an intraday high of $2.65. This positive stock performance marks a notable turnaround for the company and reflects growing investor confidence.

In the fourth quarter of 2024, CytomX reported impressive total revenue of $138.1 million, significantly outpacing forecasts of $12.24 million. This financial success is largely due to their fruitful partnerships with industry giants such as Bristol Myers Squibb, Moderna, Astellas, and Regeneron. Investing.com highlighted these collaborations as key drivers behind the company's robust financial results.

CytomX is also making strides in its clinical pipeline. The company is advancing programs like CX-2051 and CX-8001, with initial Phase 1 data for CX-2051 expected in the first half of 2025. Plans are also underway to start a combination study of CX-8001 with KEYTRUDA in the latter half of the year. Analysts, as reported by defenseworld.net, have given CytomX a 'Moderate Buy' rating, with an average price target of $5.77, indicating continued interest in the company's potential growth.

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