Crinetics Pharmaceuticals Inc [CRNX] stock is trading at $51.92, up 1.60%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CRNX shares have gain 4.22% over the last week, with a monthly amount drifted -2.15%, and not 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.
Crinetics Pharmaceuticals Inc [CRNX] stock has fluctuated between $25.35 and $55.78 over the past year. Currently, Wall Street analysts expect the stock to reach $70.14 within the next 12 months. Crinetics Pharmaceuticals Inc [NASDAQ: CRNX] shares were valued at $51.92 at the most recent close of the market. An investor can expect a potential return of 35.09% based on the average CRNX price forecast.
Analyzing the CRNX fundamentals
Gross Profit Margin for this corporation currently stands at -0.27% with Operating Profit Margin at -201.43%, Pretax Profit Margin comes in at -186.67%, and Net Profit Margin reading is -186.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.63 and Total Capital is -0.32. 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 50.39 points at the first support level, and at 48.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.77, and for the 2nd resistance point, it is at 53.62.
Ratios To Look Out For
For context, Crinetics Pharmaceuticals Inc’s Current Ratio is 16.09. Also, the Quick Ratio is 16.09, while the Cash Ratio stands at 5.56.
Transactions by insiders
Recent insider trading involved Wilson Marc, CFO, that happened on Sep 26 ’24 when 25000.0 shares were sold. Officer, MARC WILSON completed a deal on Sep 26 ’24 to buy 25000.0 shares. Meanwhile, Chief Scientific Officer Betz Stephen F. sold 1035.0 shares on Sep 10 ’24.
