With 1.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.02 million shares. The 52-week range on CRNX shows that it touched its highest point at $62.53 and its lowest point at $24.10 during that stretch. It currently has a 1-year price target of $73.00. Beta for the stock currently stands at 0.33.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRNX was down-trending over the past week, with a drop of -9.12%, but this was up by 10.92% over a month. Three-month performance dropped to -17.04% while six-month performance fell -46.93%. The stock lost -35.63% in the past year, while it has lost -40.00% so far this year. A look at the trailing 12-month EPS for CRNX yields -3.82 with Next year EPS estimates of -4.63. For the next quarter, that number is -1.10. This implies an EPS growth rate of -20.47% for this year and -4.05% for next year. EPS is expected to grow by 3.06% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -12.11%.
Float and Shares Shorts:
At present, 93.53 million CRNX shares are outstanding with a float of 87.13 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRNX since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$3.57307 being high and -$3.93928 being low. For CRNX, this leads to a yearly average estimate of -$3.69184. Based on analyst estimates, the high estimate for the next quarter is -$0.78 and the low estimate is -$1.32. The average estimate for the next quarter is thus -$1.13.
