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The closing price of Crinetics Pharmaceuticals Inc (NASDAQ: CRNX) was $58.92 for the day, up 0.10% from the previous closing price of $58.86. In other words, the price has increased by $0.10 from its previous closing price. On the day, 0.85 million shares were traded. CRNX stock price reached its highest trading level at $59.68 during the session, while it also had its lowest trading level at $57.99.
Ratios:
Our analysis of CRNX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 16.09 and its Current Ratio is at 16.09. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on March 06, 2024, initiated with a Buy rating and assigned the stock a target price of $68.
On January 16, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $50.
On December 21, 2023, Jefferies started tracking the stock assigning a Hold rating and target price of $35.Jefferies initiated its Hold rating on December 21, 2023, with a $35 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 03 ’24 when Pizzuti Dana sold 14,375 shares for $54.63 per share. The transaction valued at 785,306 led to the insider holds 28,507 shares of the business.
DANA J PIZZUTI bought 14,375 shares of CRNX for $785,322 on Oct 03 ’24. On Sep 26 ’24, another insider, Wilson Marc, who serves as the CFO of the company, sold 25,000 shares for $51.11 each. As a result, the insider received 1,277,750 and left with 111,092 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRNX now has a Market Capitalization of 5304897536 and an Enterprise Value of 3906063104. Its current Enterprise Value per Revenue stands at 2820.262 whereas that against EBITDA is -14.143.
Stock Price History:
Over the past 52 weeks, CRNX has reached a high of $59.39, while it has fallen to a 52-week low of $25.75. The 50-Day Moving Average of the stock is 12.33%, while the 200-Day Moving Average is calculated to be 27.24%.
Shares Statistics:
CRNX traded an average of 680.92K shares per day over the past three months and 1139740 shares per day over the past ten days. A total of 90.04M shares are outstanding, with a floating share count of 84.62M. Insiders hold about 6.01% of the company’s shares, while institutions hold 89.36% stake in the company. Shares short for CRNX as of 1727654400 were 6776546 with a Short Ratio of 9.95, compared to 1724976000 on 6220118. Therefore, it implies a Short% of Shares Outstanding of 6776546 and a Short% of Float of 8.649999999999999.
