With 1.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.97 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $23.12 whereas the lowest price it dropped to was $22.6. The 52-week range on CPRX shows that it touched its highest point at $22.27 and its lowest point at $12.27 during that stretch. It currently has a 1-year price target of $30.29. Beta for the stock currently stands at 0.76.
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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 CPRX was up-trending over the past week, with a rise of 5.33%, but this was up by 13.10% over a month. Three-month performance surged to 24.10% while six-month performance rose 54.28%. The stock gained 74.83% in the past year, while it has gained 35.10% so far this year. A look at the trailing 12-month EPS for CPRX yields 0.53 with Next year EPS estimates of 1.39. For the next quarter, that number is 0.28. This implies an EPS growth rate of 74.29% for this year and 26.59% for next year.
Float and Shares Shorts:
At present, 107.12 million CPRX shares are outstanding with a float of 102.43 million shares on hand for trading. On 2024-10-15, short shares totaled 5.96 million, which was 502.00000000000006 higher than short shares on 1726185600. In addition to Mr. Richard John Daly M.B.A. as the firm’s President, CEO & Director, Dr. Steven R. Miller Ph.D. serves as its Executive VP, COO & Chief Scientific Officer.
Institutional Ownership:
Through their ownership of 0.84382004 of CPRX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, CPRX reported revenue of $122710000.0 and operating income of $54246000.0. The EBITDA in the recently reported quarter was $65943000.0 and diluted EPS was $0.33.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CPRX since 3 analysts follow the stock currently. There are 3 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. With CPRX analysts setting a high price target of 38.0 and a low target of 27.0, the average target price over the next 12 months is 30.29. Based on these targets, CPRX could surge 67.33% to reach the target high and rise by 18.89% to reach the target low. Reaching the average price target will result in a growth of 33.38% from current levels.
Analysts have provided yearly estimates in a range of $1.13803 being high and $1.01222 being low. For CPRX, this leads to a yearly average estimate of $1.098. The surprise factor in the prior quarter was $0.17. Based on analyst estimates, the high estimate for the next quarter is $0.33 and the low estimate is $0.19. The average estimate for the next quarter is thus $0.28.
