Hopefully you got into CRISPR Therapeutics AG (NASDAQ:CRSP) early, as today the stock is trading 3.18% or 1.47 points up from last closing price of $46.2, reaching $47.67 at last check. The CRSP share price has risen in 3 of the last 5 days and is up 6.16% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -24,131 shares, and in total 207369 shares valued at $9.885 million were seen changing hands compared with 231500 shares valued at $10.695 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in CRSP stock for the next couple of days.
CRISPR Therapeutics AG (CRSP) shares have notched a 3-month gain of about 6.16%, but has still advanced 61.71% year to date. By comparison, the stock sank -7.86% over the past 12 months, while it slipped -7.6% over the 1 month. The company’s market cap is around $2.59B, with its short interest ratio standing at 9.18%.
In the current trading session for CRSP, the stock witnessed two major price actions, it rose to a high of $47.8 and was down as much as $44.97 at one point. The high recorded is very low when compared to their 52-week high which is $22.22. The 52-week high is now at -15.07 distance from current price. Their recent low of $56.13 represents a 114.54% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for CRSP is $62.35, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of CRISPR Therapeutics AG earned $-3.93 per share in the trailing 12 months and has a P/E ratio of -12.13. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 30.46 and lower compared to the sector’s average of 30.52. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. CRSP also has P/S multiple of 2052.74. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 2.34x.
The company recorded an interesting insider sale transaction by the Insider on Jul 11, 2019. A Securities and Exchanges Commission filings show that Lawrence Otto Klein sold a total of 20,000 CRSP shares that day for a sum of around $1,000,400. The filings show that the insider now retains 31,579 shares, currently worth $1,505,371. CRISPR Therapeutics AG (CRSP) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 105,274 shares. In total, individual insiders traded 105,274 shares in the business, which makes up 15.227% of 691,378 shares that were traded over a year. In the past 12 months, insiders have purchased 160,940 shares while the seller parted with 530,438 shares.
CRSP‘s last price was up 20.92% as compared to the average trading price of 50 days recorded at $39.42 while enlarging the period to 200 trading days, the average closing price was $48.12. At present, there are 55.98 million in the total number of common shares owned by the public and among those 33.18 million shares have been available to trade. The percentage of shares being held by the company management was 2% while institutions stake was 51.3%. The company has generated negative returns on equity over the last 12 months (-51.5%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the CRSP stock, there is another set of technicals that should be looked into and considered. Its 2.1% gain from moving average of $46.69 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of CRISPR Therapeutics AG — 10 analysts rate the stock as a buy with another 0 rating it strong buy. There are 3 analysts who maintain a hold rating for the stock, with 2 giving it a sell rating. Analysts arrived at a 12-month price target of $58.3 on shares of CRISPR Therapeutics AG (NASDAQ:CRSP), which corresponds to 22.25% upside potential than its current market price of $47.67 and implies potential despite the recent advance in the price. However, their current target price has fallen from $58.3 a month ago and is up handily from the consensus target of $49.1429 a quarter ago.