Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Crinetics Pharmaceuticals Inc (NASDAQ: CRNX) was $34.67 for the day, up 1.43% from the previous closing price of $34.18. In other words, the price has increased by $1.43 from its previous closing price. On the day, 0.97 million shares were traded. CRNX stock price reached its highest trading level at $35.0 during the session, while it also had its lowest trading level at $33.94.
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 23.04 and its Current Ratio is at 23.04. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
Jefferies Upgraded its Hold to Buy on January 22, 2025, while the target price for the stock was maintained at $55.
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 Feb 03 ’25 when Pizzuti Dana sold 5,000 shares for $39.07 per share. The transaction valued at 195,350 led to the insider holds 31,748 shares of the business.
DANA J PIZZUTI bought 5,000 shares of CRNX for $195,372 on Feb 03 ’25. On Jan 03 ’25, another insider, Pizzuti Dana, who serves as the Chief Med and Dev Officer of the company, sold 15,000 shares for $52.09 each. As a result, the insider received 781,350 and left with 29,248 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 3225991168 and an Enterprise Value of 1923645824. Its current Enterprise Value per Revenue stands at 1851.44 whereas that against EBITDA is -5.724.
Stock Price History:
The Beta on a monthly basis for CRNX is 0.37, which has changed by -0.22904158 over the last 52 weeks, in comparison to a change of 0.08275449 over the same period for the S&P500. Over the past 52 weeks, CRNX has reached a high of $62.53, while it has fallen to a 52-week low of $31.84. The 50-Day Moving Average of the stock is -6.73%, while the 200-Day Moving Average is calculated to be -28.88%.
Shares Statistics:
CRNX traded an average of 960.07K shares per day over the past three months and 844210 shares per day over the past ten days. A total of 92.93M shares are outstanding, with a floating share count of 86.59M. Insiders hold about 6.94% of the company’s shares, while institutions hold 104.19% stake in the company. Shares short for CRNX as of 1740700800 were 8108504 with a Short Ratio of 8.45, compared to 1738281600 on 7380396. Therefore, it implies a Short% of Shares Outstanding of 8108504 and a Short% of Float of 8.870000000000001.
