At the time of writing, Crinetics Pharmaceuticals Inc [CRNX] stock is trading at $54.98, up 1.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The CRNX shares have gain 14.00% over the last week, with a monthly amount glided 17.25%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Crinetics Pharmaceuticals Inc [NASDAQ: CRNX] stock has seen the most recent analyst activity on March 06, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $68. Previously, Morgan Stanley started tracking the stock with Overweight rating on January 16, 2024, and set its price target to $50. On December 21, 2023, Jefferies initiated with a Hold rating and assigned a price target of $35 on the stock. Oppenheimer started tracking with a Outperform rating for this stock on August 31, 2023, and assigned it a price target of $40. In a note dated April 24, 2023, Piper Sandler initiated an Overweight rating and provided a target price of $56 on this stock.
For the past year, the stock price of Crinetics Pharmaceuticals Inc fluctuated between $15.76 and $55.36. Currently, Wall Street analysts expect the stock to reach $70.33 within the next 12 months. Crinetics Pharmaceuticals Inc [NASDAQ: CRNX] shares were valued at $54.98 at the most recent close of the market. An investor can expect a potential return of 27.92% based on the average CRNX price forecast.
Analyzing the CRNX fundamentals
Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -126.04%, Pretax Profit Margin comes in at -119.28%, and Net Profit Margin reading is -119.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.24, Equity is -0.88 and Total Capital is -0.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 54.39 points at the first support level, and at 53.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.67, and for the 2nd resistance point, it is at 56.36.
Ratios To Look Out For
It is important to note that Crinetics Pharmaceuticals Inc [NASDAQ:CRNX] has a current ratio of 17.72. On the other hand, the Quick Ratio is 17.72, and the Cash Ratio is 7.65.
Transactions by insiders
Recent insider trading involved Betz Stephen F., Chief Scientific Officer, that happened on Jul 10 ’24 when 3000.0 shares were sold. Chief Commercial Officer, Hassard James completed a deal on Jul 05 ’24 to sell 15000.0 shares. Meanwhile, Chief Med and Dev Officer Pizzuti Dana sold 14375.0 shares on Jul 03 ’24.
