Research analysts at Maxim Group assumed coverage on shares of Cellular Biomedicine Group Inc. (NASDAQ:CBMG) in a report released on Thursday, reports. The firm set a “buy” rating and a $16.00 price target on the stock. Maxim Group’s price objective suggests a potential upside of 11.65% from the company’s previous close.

Shares of Cellular Biomedicine Group (NASDAQ:CBMG) opened at 14.33 on Thursday. Cellular Biomedicine Group has a 52 week low of $10.44 and a 52 week high of $25.20. The firm’s market capitalization is $202.08 million. The company’s 50-day moving average is $14.17 and its 200 day moving average is $15.40.

About Cellular Biomedicine Group

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Cellular Biomedicine Group, Inc (CBMG) is a biomedicine company. The Company is engaged in the development of treatments for cancerous and degenerative diseases utilizing cell-based technologies. The Company operates in Biomedicine Cell Therapy segment. The Company’s technology includes platforms, such as Immune Cell therapy for treatment of broad range of cancers using Vaccine, T Cells Receptor (TCR) clonality analysis technology and T Central Memory Cell (Tcm) preparation methodologies, Chimeric Antigen Receptor T cell (CAR-T), and human adipose-derived mesenchymal progenitor cells (haMPC) for treatment of joint and autoimmune diseases, with primary research and manufacturing facilities in China.

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