Chimerix Inc (NASDAQ:CMRX) shares, rose in value on Thursday, March 06, with the stock price down by -0.35% to the previous day’s close as strong demand from buyers drove the stock to $8.43.
Actively observing the price movement in the last trading, the stock closed the session at $8.46. Referring to stock’s 52-week performance, its high was $8.47, and the low was $0.75. On the whole, CMRX has fluctuated by 114.50% over the past month.
With the market capitalization of Chimerix Inc currently standing at about $758.16 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 310.6k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CMRX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CMRX currently trading nearly 66.49% and 100.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 84.54, while the 7-day volatility ratio is showing 6.80% which for the 30-day chart, stands at 7.26%. Furthermore, Chimerix Inc (CMRX)’s beta value is -0.03, and its average true range (ATR) is 0.56.
A comparison of Chimerix Inc (CMRX) with its peers suggests the former has fared considerably weaker in the market. CMRX showed an intraday change of -0.35% in last session, and over the past year, it grew by 614.41%%.
Data on historical trading for Chimerix Inc (NASDAQ:CMRX) indicates that the trading volumes over the past 3 months, they’ve averaged 7.30 million. According to company’s latest data on outstanding shares, there are 89.94 million shares outstanding.
Nearly 15.43% of Chimerix Inc’s shares belong to company insiders and institutional investors own 46.48% of the company’s shares. The stock has risen by 142.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CMRX stock heading into the next quarter.
