An interesting stock that came up in some of our conversations today is CRISPR Therapeutics AG (NASDAQ:CRSP). At current price of $48.14, the shares have already added 1.94 points (4.2% higher) from its previous close of $46.2. Should you buy or avoid them? The stock sets an active trading volume day with a reported 221711 contracts so far this session. CRSP shares had a relatively better volume day versus average trading capacity of 535.06 thousand shares, but with a 33.18 million float and a 3.08% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CRSP stock indicates that the average analyst price target is $62.35 per share. This means the stock has a potential increase of 29.52% from where the CRSP share price has been trading recently which is between $44.9745 and $46.64. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $21.
The shorts are running away from CRISPR Therapeutics AG (CRSP) stock. The latest set of short interest data was released on 15 August 2019, and the numbers show a drop in short interest in CRSP shares. While short interest still represents only 14.8% of CRSP’s float, the number of shares shorted have fallen by -30278. The number of shares shorted fell to 4910651 shares, down from 4940929 shares during the preceding fortnight. With average daily trading volumes at 636102 shares, days to cover decreased to about 8.043199 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Probability 101: How Not to Be a Sucker” and dated September 05, 2019.
During the recent trading session for CRISPR Therapeutics AG (NASDAQ:CRSP), the company witnessed their stock rise $2.25 over a week and surge $0.46 from the price 20 days ago. When compared to their established 52-week high of $56.13, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/17/18. The recent low of $22.22 stood for a -14.24% since 12/21/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for CRISPR Therapeutics AG, the two-week RSI stands at 53.94. This figure suggests that CRSP stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CRSP readings is similarly very revealing as it has a stochastic reading of 47.23% at this stage. This figure means that CRSP share price today is being neutral.
Technical chart claims that CRISPR Therapeutics AG (CRSP) would settle between $46.9/share to $47.6/share level. However, if the stock price goes below the $45.24 mark, then the market for CRISPR Therapeutics AG becomes much weaker. If that happens, the stock price might even plunge as low as $44.27 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.31. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Jefferies, assumed coverage of CRSP assigning Buy rating, according to their opinion released on August 01. Canaccord Genuity, analysts launched coverage of CRISPR Therapeutics AG (NASDAQ:CRSP) stock with a Buy recommendation, according to their flash note issued to investors on July 26. Analysts at ROTH Capital, made their first call for the equity with a Buy recommendation, according to a research note that dated back to June 10.
CRSP equity has an average rating of 2.07, with the figure leaning towards a bullish end. 14 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 11 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 9 analysts rated CRISPR Therapeutics AG (NASDAQ:CRSP) as a buy or a strong buy while 2 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, CRSP stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is NA while for the average stock in the same group, the multiple is -6.49. CRISPR Therapeutics AG current P/B ratio of 6.87 means it is trading at a premium against its industry’s 3.44.
CRISPR Therapeutics AG (CRSP)’s current-quarter revenues are projected to climb by nearly 1028.93% to hit $6.32 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 342.73% from $3.12 million to a noteworthy $13.83 million. At the other end of the current quarter income statement, CRISPR Therapeutics AG is expected to see its adjusted earnings surge by roughly 11.21% to hit $-0.95 per share. For the fiscal year, CRSP’s earnings are projected to climb by roughly -12.21% to hit $-3.86 per share.