CRISPR Therapeutics AG (NASDAQ:CRSP) price on Friday, November 15, rose 0.85% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $47.25.
A look at the stock’s price movement, the close in the last trading session was $46.85, moving within a range at $46.3 and $48.43. The beta value (5-Year monthly) was 1.662. Turning to its 52-week performance, $91.10 and $43.42 were the 52-week high and 52-week low respectively. Overall, CRSP moved -2.15% over the past month.
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CRISPR Therapeutics AG’s market cap currently stands at around $4.03 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
The average forecast suggests down to a -96.17% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 14.81M, representing a -96.01% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CRSP is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 6 recommend CRSP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CRSP’s current price about -4.18% and -1.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.94, while 7-day volatility ratio is 7.20% and 5.00% in the 30-day chart. Further, CRISPR Therapeutics AG (CRSP) has a beta value of 1.60, and an average true range (ATR) of 2.65. Analysts have given the company’s stock an average 52-week price target of $89.5, forecast between a low of $52 and high of $180. Looking at the price targets, the low is -10.05% off current price level while to achieve the yearly target high, price needs to move -280.95%. Nonetheless, investors will most likely welcome a -89.42% jump to $89.5 which is the analysts’ median price.
If we refocus on CRISPR Therapeutics AG (NASDAQ:CRSP), historical trading data shows that trading volumes averaged 2.09 over the past 10 days and 1.19 million over the past 3 months. The company’s latest data on shares outstanding shows there are 85.35 million shares.
The 4.35% of CRISPR Therapeutics AG’s shares are in the hands of company insiders while institutional holders own 67.78% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.59 million on 2024-10-31, giving us a short ratio of 17.48. The data shows that as of 2024-10-31 short interest in CRISPR Therapeutics AG (CRSP) stood at 2469.0 of shares outstanding, with shares short rising to 17.56 million registered in 2024-09-30. Current price change has pushed the stock -24.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CRSP stock continues to rise going into the next quarter.
