Chimerix Inc (NASDAQ:CMRX) price on Thursday, February 27, rose 3.04% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.74.
A look at the stock’s price movement, the close in the last trading session was $4.60. Turning to its 52-week performance, $5.53 and $0.75 were the 52-week high and 52-week low respectively. Overall, CMRX moved 16.75% over the past month.
Chimerix Inc’s market cap currently stands at around $426.30 million, with investors looking forward to this quarter’s earnings report slated for in March.
The average forecast suggests up to a 7,665.00% 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 937.8k, representing a 189.44% jump 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 CMRX is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
CMRX’s current price about 6.66% and 23.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.17, while 7-day volatility ratio is 7.19% and 6.98% in the 30-day chart. Further, Chimerix Inc (CMRX) has a beta value of 0.35, and an average true range (ATR) of 0.34.
If we refocus on Chimerix Inc (NASDAQ:CMRX), historical trading data shows that trading volumes averaged 5.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 89.94 million shares.
The 15.43% of Chimerix Inc’s shares are in the hands of company insiders while institutional holders own 46.48% of the company’s shares. Current price change has pushed the stock 36.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CMRX stock continues to rise going into the next quarter.
