Clearside Biomedical Inc (CLSD)

NASDAQ
Currency in USD
1.015
-0.015(-1.46%)
Closed
Pre Market
1.000-0.015(-1.48%)
CLSD Scorecard
Full Analysis
4 analysts have revised their earnings upwards for the upcoming period
Earnings results expected tomorrow
Fair Value
Day's Range
1.0101.040
52 wk Range
0.7741.760
Key Statistics
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Prev. Close
1.015
Open
1.03
Day's Range
1.01-1.04
52 wk Range
0.774-1.76
Volume
118.13K
Average Volume (3m)
211.32K
1-Year Change
-41.33%
Book Value / Share
-0.47
Fair Value
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Fair Value Upside
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CLSD Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
6.000
Upside
+491.13%
Members' Sentiments
Bearish
Bullish
ProTips
Quickly burning through cash
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Clearside Biomedical Inc Company Profile

Clearside Biomedical, Inc., a biopharmaceutical company, focuses on the revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space. It offers XIPERE, a triamcinolone acetonide suprachoroidal injectable suspension for the treatment of uveitis macular edema. It also develops CLS-AX, an axitinib injectable suspension for suprachoroidal injection, which is in Phase IIb clinical trial to treat wet AMD. The company has a collaboration with Bausch Health, Arctic Vision, REGENXBIO, Inc., BioCryst Pharmaceuticals, Inc., and Aura Biosciences. Clearside Biomedical, Inc. was incorporated in 2011 and is headquartered in Alpharetta, Georgia.

Clearside Biomedical Inc SWOT Analysis


Innovative Eye Therapy
Clearside Biomedical's suprachoroidal delivery platform for wet AMD treatment shows promise, with potential advantages over traditional methods
ODYSSEY Trial Spotlight
Phase 2b trial for CLS-AX nears completion, with data expected in late September 2024. Positive results could significantly impact stock performance
Financial Health Check
Q2 2024 shows improved operational efficiency, with $29M cash runway until Q3 2025. Analysts' price targets range up to $5.00, signaling potential upside
Market Positioning
CLSD faces stiff competition but offers unique delivery method. Expansion into geographic atrophy and international markets could broaden revenue streams
Read full SWOT analysis

Clearside Biomedical Inc Earnings Call Summary for Q3/2024

  • CLS-AX Phase 2b trial for wet AMD shows 84% reduction in injection frequency; Phase 3 trials planned for H2 2025
  • Cash reserves of $23.6M expected to fund operations into Q3 2025; exploring GA treatment with $20B+ market potential
  • Collaborations with Arctic Vision and REGENXBIO progressing, utilizing Clearside's SCS Microinjector technology
  • New leadership: Tony Gibney as Board Chair, Victor Chong as CMO and EVP of R&D confident in FDA approval for CLS-AX redosing
  • Innovative approach to GA treatment focuses on choroidal damage; timeline for IND submission not yet defined
Last Updated: 2024-11-13, 11:44 a/m
Read Full Transcript

Compare CLSD to Peers and Sector

Metrics to compare
CLSD
Peers
Sector
Relationship
P/E Ratio
−2.4x−0.5x−0.5x
PEG Ratio
−0.100.060.00
Price/Book
−2.2x0.9x2.6x
Price / LTM Sales
10.0x1.2x3.0x
Upside (Analyst Target)
-178.3%55.6%
Fair Value Upside
Unlock22.5%10.1%Unlock

Analyst Ratings

7 Buy
0 Hold
0 Sell
Ratings:
7 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 6.000
(+491.13% Upside)

Earnings

Latest Release
Nov 12, 2024
EPS / Forecast
-0.10 / -0.12
Revenue / Forecast
1.04M / 130.00K
EPS Revisions
Last 90 days

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FAQ

What Is the Clearside Biomedical (CLSD) Stock Price Today?

The Clearside Biomedical stock price today is 1.015

What Stock Exchange Does Clearside Biomedical Trade On?

Clearside Biomedical is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Clearside Biomedical?

The stock symbol for Clearside Biomedical is "CLSD."

What Is the Clearside Biomedical Market Cap?

As of today, Clearside Biomedical market cap is 76.98M.

What is Clearside Biomedical Earnings Per Share?

The Clearside Biomedical EPS is -0.453.

What Is the Next Clearside Biomedical Earnings Date?

Clearside Biomedical will release its next earnings report on Mar 27, 2025.

From a Technical Analysis Perspective, Is CLSD a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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