CRISPR Therapeutics AG (NASDAQ:CRSP) is one of the best performers on the stock market today. At current price of $72.29, the shares have already added 3.67 points (5.35% higher) from its previous close of $68.62. Should you buy or avoid them? The stock sets an active trading volume day with a reported 778529 contracts so far this session. CRSP shares had a relatively better volume day versus average trading capacity of 843.13 thousand shares, but with a 38.6 million float and a 10.32% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CRSP stock indicates that the average analyst price target is $77.5 per share. This means the stock has a potential increase of 7.21% from where the CRSP share price has been trading recently.There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $28. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $104.
During the recent trading session for CRISPR Therapeutics AG (NASDAQ:CRSP), the company witnessed their stock rise $6.3 over a week and surge $23.19 from the price 20 days ago. When compared to their established 52-week high of $74, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 11/19/19. The recent low of $22.22 stood for a -2.31% since 12/21/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for CRSP is set at $80, a figure which is above the recent 1-year high the stock witnessed.
Looking at the current readings for CRISPR Therapeutics AG, the two-week RSI stands at 70.46. This figure suggests that CRSP stock, for now, is oversold, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current CRSP readings is similarly very revealing as it has a stochastic reading of 85.82% at this stage. This figure means that CRSP share price today is being oversold.
Technical chart claims that CRISPR Therapeutics AG (CRSP) would settle between $72.45/share to $76.27/share level. However, if the stock price goes below the $65.99 mark, then the market for CRISPR Therapeutics AG becomes much weaker. If that happens, the stock price might even plunge as low as $63.35 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 3.66. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at William Blair raised their recommendation on shares of CRSP from Mkt Perform to Outperform in their opinion released on November 19. Oppenheimer analysts bumped their rating on CRISPR Therapeutics AG (NASDAQ:CRSP) stock from Perform to Outperform in a separate flash note issued to investors on November 12. Analysts at Jefferies, made their first call for the equity with a Buy recommendation, according to a research note that dated back to August 01.
CRSP equity has an average rating of 2.28, with the figure leaning towards a bullish end. 16 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 14 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 12 analysts rated CRISPR Therapeutics AG (NASDAQ:CRSP) as a buy or a strong buy while 2 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
CRISPR Therapeutics AG (CRSP)’s current-quarter revenues are projected to climb by nearly 31056.5% to hit $35.83 million, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 7930.1% from $3.12 million to a noteworthy $250860. At the other end of the current quarter income statement, CRISPR Therapeutics AG is expected to see its adjusted earnings surge by roughly 31.5% to hit $-0.63 per share. For the fiscal year, CRSP’s earnings are projected to climb by roughly 92.7% to hit $-0.25 per share.