CRISPR Therapeutics AG (NASDAQ:CRSP) concluded the trading on Thursday, Jul 09 with a fall of -0.16% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $94.17 and 5Y monthly beta was reading 2.33 with its price kept floating in the range of $90.81 and $96.18 on the day. Company’s P/E ratio for the trailing 12 months is 122.74. Considering stock’s 52-week price range provides that CRSP hit a high price of $97.82 and saw its price falling to a low level of $32.3 during that period. Over a period of past 1-month, stock came adding 55.58% in its value.
With its current market valuation of $5.85 Billion, CRISPR Therapeutics AG is set to declare its quarterly results on Jul 27, 2020- Jul 31, 2020. CRSP Stock’s Forward Dividend and its yield are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of -$0.96 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving down to -$4.6 for 2020 with estimates of that growing to -$5.23 in next year. These estimates are suggesting current year growth of -4.93% for EPS and 0.14% growth next year.
In contrast, when we review CRSP stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 17 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 4 of them are recommending CRISPR Therapeutics AG (CRSP) as a Hold, while 11 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas 2 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the CRSP stock which is currently positioned at 0. It further provides that stock’s current price level is 28.7% away from its 20-day simple moving average and is 44.25% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 79.08 while volatility remained at 7.9% over the past week which changes to 6.89% when measuring it over the past month. Beta is valued at 2.33, while measure of average true range or ATR is currently at 5.14. In predicting price targets of as low as $31 and as high as $105, analysts are in agreement on assigning the stock over the next 12 months average price target of $75.75. Stock’s current price level is -67.03% above from estimated low price target while it is 11.68% below the estimated high; and even if the CRSP’s share succeeded to reach the median price of $81, then the outlook of -13.85% could come to the excitement of the investors.
In comparing CRISPR Therapeutics AG (CRSP)’s stock with other industry players reveals that stock’s latest price change of -0.16% and that of +96.06% over the past 12 months is in competing position with that of Amgen Inc (AMGN) which saw its stock price raised by 0.03% in the recent trading and went through an increase of 38.07% in past 12-month trading. Industry’s another major player Bristol-Myers Squibb Company (BMY) has fell -2.43% down in latest trading session, but over the past year has faced a rise of 26.44%, while Gilead Sciences Inc (GILD) is also down -0.16% however its price remained floating in the green at 96.06% over the same period. CRISPR Therapeutics AG has a P/E ratio of 124.89 against that of Amgen Inc’s 19.71 while Bristol-Myers Squibb Company is showing 71.83 for the same. On the other hand, the S&P 500 Index was down -1.39% in the early deals while the Dow Jones Industrial was dealing lower at -0.56%.
Having a second look at CRISPR Therapeutics AG (NASDAQ:CRSP) provides that stock’s average daily trading volume for 3 months was 1.04 Million, while it jumped to 1.83 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 62.24 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 20.94% while it is 55.73% for the institutional holders. The figures also indicate that as of June 14, 2020, number of stock’s short shares was 3840000 which implies a short ratio of 4.1. This shows up a 6.2% of Short Interest in company’s outstanding shares on the day. In June the standing of shares short declined as it was 4.27 Million in the previous month. Addition of +54.62% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.