With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.19 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $10.07 whereas the lowest price it dropped to was $9.64. The 52-week range on CRMD shows that it touched its highest point at $13.85 and its lowest point at $2.89 during that stretch. It currently has a 1-year price target of $17.00. Beta for the stock currently stands at 1.54.
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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 CRMD was down-trending over the past week, with a drop of -0.60%, but this was down by -1.54% over a month. Three-month performance surged to 69.52% while six-month performance rose 88.93%. The stock gained 204.62% in the past year, while it has gained 163.30% so far this year. A look at the trailing 12-month EPS for CRMD yields -0.80 with Next year EPS estimates of 0.36. For the next quarter, that number is 0.03. This implies an EPS growth rate of 45.05% for this year and 171.60% for next year.
Float and Shares Shorts:
At present, 60.68 million CRMD shares are outstanding with a float of 59.76 million shares on hand for trading. On 2024-11-15, short shares totaled 6.84 million, which was 1127.0001 higher than short shares on 1728950400. In addition to Mr. Joseph Todisco MBA as the firm’s CEO & Director, Dr. Matthew T. David M.D. serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.31935 of CRMD’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 2024-09-30, CRMD reported revenue of $11456115.0 and operating income of -$3287336.0. The EBITDA in the recently reported quarter was -$2656072.0 and diluted EPS was -$0.05.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRMD since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 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 CRMD analysts setting a high price target of 19.0 and a low target of 11.0, the average target price over the next 12 months is 16.25. Based on these targets, CRMD could surge 91.92% to reach the target high and rise by 11.11% to reach the target low. Reaching the average price target will result in a growth of 64.14% from current levels.
Analysts have provided yearly estimates in a range of -$0.46332 being high and -$0.52163 being low. For CRMD, this leads to a yearly average estimate of -$0.5. The surprise factor in the prior quarter was -$0.25. Based on analyst estimates, the high estimate for the next quarter is $0.15 and the low estimate is $0.15. The average estimate for the next quarter is thus $0.15.
