CRISPR Therapeutics AG (NASDAQ:CRSP) traded at $92.5 at last check on Monday, Aug 03, making an upward move of 8.24% on its previous day’s price.
Looking at the stock we see that its previous close was $85.46 and the beta (5Y monthly) reads 2.35 with the day’s price range being $85.78 – 93.96. The company has a 12-month trailing PE ratio of 198.07. In terms of its 52-week price range, CRSP has a high of $97.82 and a low of $32.3. The company’s stock has gained about 16.06% over that past 30 days.
CRISPR has a market cap of $6.56 Billion and is expected to release its quarterly earnings report on Oct 26, 2020- Oct 30, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the CRSP stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$1.18, with the EPS growth for the year declined at -$4.79 for 2020 and -$5.03 for next year. These figures represent -5.09% and at 0.05% growth in EPS for the two years respectively.
There have been 8 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CRSP stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 17 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the CRISPR Therapeutics AG (CRSP) stock as a Hold, while 11 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 2 suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CRSP stock currently stands at 0, and the current price level is 2.43% off its SMA20 and 20.38% from its 50-day simple moving average. The RSI (14) is pointing at 60.78 while the volatility over the past week is 5.84% and jumps to 5.89% over the past one month. The beta value is 2.35, while the average true range (ATR) is currently pointing at 5.05. The average price target for the stock over the next 12 months is $95.21, with the estimates having a low of $31 and a high of $140. These price ends are -66.49% and +51.35% off the current price level respectively, although investors could be excited at the prospect of a +12.97% if the CRSP share price touches on the median price of $104.5.
Let’s briefly compare CRISPR (CRSP) stock to its peers. We find that today’s price change of +8.24% and +85.41% over the past 12 months for CRSP betters that of Amgen Inc (AMGN), which has seen its stock price rise 1.1% in the latest trading session and is +32.12% over the last one year. Another of its peers Bristol-Myers Squibb Company (BMY) has climbed 0.75% today, and is +28.51% up over the past year, while Gilead Sciences Inc (GILD) is also up 8.24% yet its price remains in the green at 85.41% over the same period. Amgen has a P/E ratio of 20.21 compared to CRISPR’s 198.07 and Bristol-Myers’ 73.05. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.72% and 0.89%, respectively, in early deals.
Coming back to CRISPR Therapeutics AG (NASDAQ:CRSP), we note that the average 3-month trading volume was 1.09 Million, while that of the preceding 10-day period stands at 830.22 Million. Current shares outstanding are 70.17 Million.
According to data from Thomson Reuters, insiders hold 20.94% of the company’s shares while institutions hold 55.73%. The data shows that short shares as of July 14, 2020, stood at 2.97 Million at a short ratio of 2.13. This represents a 4.32% Short interest in Shares outstanding on July 14, 2020. Shares short dropped in July from the previous month at 3.84 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +51.88% up in year-to-date price movement.