Crinetics Pharmaceuticals Inc (NASDAQ:CRNX) has earned an average recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $37.33.
CRNX has been the topic of several analyst reports. Roth Capital began coverage on shares of Crinetics Pharmaceuticals in a research note on Monday, December 23rd. They issued a “buy” rating and a $37.00 target price on the stock. Zacks Investment Research raised shares of Crinetics Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. ValuEngine downgraded shares of Crinetics Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday. HC Wainwright reissued a “buy” rating and set a $35.00 price objective on shares of Crinetics Pharmaceuticals in a research report on Thursday, November 21st. Finally, TheStreet raised shares of Crinetics Pharmaceuticals from a “d” rating to a “c-” rating in a research report on Thursday, January 9th.
In other Crinetics Pharmaceuticals news, Director Matthew K. Fust sold 3,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $22.50, for a total transaction of $78,750.00. Following the transaction, the director now directly owns 16,036 shares of the company’s stock, valued at approximately $360,810. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.40% of the stock is currently owned by insiders.
Shares of NASDAQ CRNX opened at $24.93 on Friday. The company has a quick ratio of 17.18, a current ratio of 17.18 and a debt-to-equity ratio of 0.04. Crinetics Pharmaceuticals has a 52 week low of $14.33 and a 52 week high of $28.81. The firm’s fifty day moving average is $22.47 and its 200 day moving average is $19.83. The company has a market cap of $625.90 million, a price-to-earnings ratio of -11.18 and a beta of 1.10.
Crinetics Pharmaceuticals (NASDAQ:CRNX) last issued its earnings results on Tuesday, November 12th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.57) by ($0.03). The company had revenue of $0.51 million for the quarter, compared to the consensus estimate of $0.33 million. Equities research analysts anticipate that Crinetics Pharmaceuticals will post -2.16 earnings per share for the current year.
About Crinetics Pharmaceuticals
Crinetics Pharmaceuticals, Inc, a clinical stage pharmaceutical company, focuses on the discovery, development, and commercialization of therapeutics for rare endocrine diseases and endocrine-related tumors. Its lead product candidate is CRN00808, an oral selective nonpeptide somatostatin receptor type 2 biased agonist, which is in Phase I clinical trials used for the treatment of acromegaly.
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