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Does ContraFect Corporation (NASDAQ: CFRX) Still Need To Convince Analysts?

ContraFect Corporation (NASDAQ:CFRX) traded at $0.15 at close of the session on Tuesday, 11/22/22, made an upward move of 11.19% on its previous day’s price.

Looking at the stock we see that its previous close was $0.14 and the beta (5Y monthly) reads 0.30 with the day’s price range being $0.1326 – $0.1667. In terms of its 52-week price range, CFRX has a high of $4.54 and a low of $0.13. The company’s stock has lost about -5.48% over that past 30 days.

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ContraFect Corporation has a market cap of $6.36 million and is expected to release its quarterly earnings report on Nov 14, 2022 – Nov 18, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.23, with the EPS growth for the year raised at -$1.35 for 2022 and -$1.14 for next year. These figures represent -145.50% and 15.60% growth in EPS for the two years respectively.

There have been no 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 CFRX stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the ContraFect Corporation (CFRX) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -5.28% off its SMA20 and -12.36% from its 50-day simple moving average. The RSI (14) is pointing at 44.12 while the volatility over the past week is 14.97% and jumps to 11.57% over the past one month. The beta value is 0.34, while the average true range (ATR) is currently pointing at 0.02. The average price target for the stock over the next 12 months is $2.00, with the estimates having a low of $1.00 and a high of $3.00. These price ends are -566.67% and -1900.0% off the current price level respectively, although investors could be excited at the prospect of a -1233.33% if the CFRX share price touches on the median price of $2.00.

Let’s briefly compare ContraFect Corporation (CFRX) stock to its peers. We find that current price change of 11.19% and -95.42% over the past 12 months for CFRX competes that of Meridian Bioscience Inc. (VIVO), which has seen its stock price fall -0.72% in the last trading session and was 48.46% over the last one year. Another of its peers Aldeyra Therapeutics Inc. (ALDX) has gained 2.71% previous session, and was -33.42% down over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.36% and 1.18%, respectively, at close of the trading.

Coming back to ContraFect Corporation (NASDAQ:CFRX), we note that the average 3-month trading volume was 890.14K, while that of the preceding 10-day period stands at 0.44 million. Current shares outstanding are 39.33 million.

The insiders hold 4.87% of the company’s shares while institutions hold 22.90%. The data shows that short shares as of Oct 13, 2022, stood at 0.37 million at a short ratio of 0.65. This represents a 0.95% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 0.32 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -94.29% down in year-to-date price movement.

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