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The closing price of Crinetics Pharmaceuticals Inc (NASDAQ: CRNX) was $52.77 for the day, down -2.31% from the previous closing price of $54.02. In other words, the price has decreased by -$2.31 from its previous closing price. On the day, 0.7 million shares were traded. CRNX stock price reached its highest trading level at $55.3 during the session, while it also had its lowest trading level at $52.23.
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 DANA J PIZZUTI bought 14,375 shares for $54.63 per share.
Wilson Marc sold 25,000 shares of CRNX for $1,277,750 on Sep 26 ’24. The CFO now owns 111,092 shares after completing the transaction at $51.11 per share. On Sep 26 ’24, another insider, MARC WILSON, who serves as the Officer of the company, bought 25,000 shares for $51.10 each.
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 4321065984 and an Enterprise Value of 3413844224. Its current Enterprise Value per Revenue stands at 2464.869 whereas that against EBITDA is -12.361.
Stock Price History:
Over the past 52 weeks, CRNX has reached a high of $55.78, while it has fallen to a 52-week low of $25.35. The 50-Day Moving Average of the stock is 1.49%, while the 200-Day Moving Average is calculated to be 16.53%.
Shares Statistics:
CRNX traded an average of 631.45K shares per day over the past three months and 744600 shares per day over the past ten days. A total of 80.04M shares are outstanding, with a floating share count of 75.22M. Insiders hold about 6.01% of the company’s shares, while institutions hold 100.59% stake in the company. Shares short for CRNX as of 1726185600 were 6113544 with a Short Ratio of 9.68, compared to 1723680000 on 6470497. Therefore, it implies a Short% of Shares Outstanding of 6113544 and a Short% of Float of 7.8.
