CRISPR Therapeutics AG (NASDAQ:CRSP) price closed higher on Monday, Dec 21, jumping 12.27% above its previous close.
A look at the daily price movement shows that the previous day close read $148.61, with intraday deals fluctuating between $146.67 and $176.99. The company’s 5Y monthly beta was ticking 2.35 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $163.56 and 52-week low of $32.3. The stock added 52.73% on its value in the past month.
CRISPR Therapeutics AG, which has a market valuation of $11.92 Billion as of writing, is expected to release its quarterly earnings report on Feb 10, 2021- Feb 15, 2021. The company stock has a Forward Dividend ratio of 0, while the dividend yield is 0. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking CRSP have forecast the quarterly EPS to grow by -$1.27 per share this quarter, while the same analysts predict the annual EPS to hit -$5.02 for the year 2020 and up to -$5.31 for 2021. In this case, analysts estimate an annual EPS growth of -5.29% for the year and 0.06% for the next year.
On the technical perspective front, indicators give CRSP a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 19 analysts have assigned CRSP a recommendation rating as follows: 7 rate it as a Hold; 10 advise Buy while none analyst(s) assign an Outperform rating. None analyst(s) have tagged the CRISPR Therapeutics AG (CRSP) stock as Underperform, with 2 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0. The overview shows that CRSP’s price is at present 22.35% off the SMA20 and 45.99% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 79.69, with weekly volatility standing at 7.83%. The indicator drops to 7.59% when calculated based on the past 30 days. CRISPR Therapeutics AG (NASDAQ:CRSP)’s beta value is holding at 2.35, while the average true range (ATR) indicator is presently reading 10.01. Considering analysts have assigned the stock a price target range of $45-$180 as the low and high respectively, we find the trailing 12-month average consensus price target to be $137.63. Based on this estimate, we see that current price is roughly -73.03% off the estimated low and 7.89% off the forecast high. Investors will no doubt be excited should the share price rise to $153, which is the median consensus price, and at which level CRSP would be -8.3% from current price.
Turning out attention to how the CRISPR Therapeutics AG stock has performed in comparison to its peers in the industry, here’s what we find: CRSP’s stock is +12.27% on the day and +145.14% in the past 12 months, while Bristol-Myers Squibb Company (BMY) is trading -1.76% in the latest session and is positioned -2.36% down on its price 12 months ago. Another comparison is with Amgen Inc (AMGN) whose stock price is down -0.52% in the current trading session, but has tanked -6.48% over the past year. Also, Gilead Sciences Inc (GILD) currently showed uptrend of 12.27% while its price kept floating at 145.14% over the past year. As for CRISPR Therapeutics AG, the P/E ratio stands at 0 lower than that of Bristol-Myers Squibb Company’s at 0 and Amgen Inc’s 18.33. Elsewhere in the market, the S&P 500 Index has fell -0.39% in today’s early trading, with the Dow Jones Industrial also seeing a positive session so far with +0.12%.
An analysis of the CRISPR Therapeutics AG (NASDAQ:CRSP) stock in terms of its daily trading volume indicates that the 3-month average is 1.16 Million. However, this figure increases on the past 10-day timeline to an average of 1.27 Million.
Latest records show that the company has 71.21 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 13.69% of outstanding shares while the percentage share held by institutions stands at 68.75%. The stats also highlight that short interest as of November 29, 2020, stood at 4.31 Million shares, which puts the short ratio at the time at 5.31. From this we can glean that short interest is 6.09% of company’s current outstanding shares. Notably, we see that shares short in November fell slightly given the previous month’s figure stood at 6.33 Million. But the +173.93% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
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