Curis Inc. (CRIS) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Curis Inc. recently underwent a 1-for-20 reverse stock split on September 28, 2023, which could negatively impact the liquidity of its common stock. The smaller number of outstanding shares post-split may lead to diminished trading volume and fewer market makers. The reverse split also potentially increased the prevalence of “odd lots,” exacerbating the difficulties in selling these shares due to higher transaction costs. Furthermore, the anticipated increase in per-share price may still fall short of attracting institutional investors, possibly failing to enhance the stock’s marketability as intended.
Overall, Wall Street has a Strong Buy consensus rating on CRIS stock based on 3 Buys.
To learn more about Curis Inc.’s risk factors, click here.
