With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.0 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 $72.67. Beta for the stock currently stands at 0.28.
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 up-trending over the past week, with a rise of 8.81%, but this was down by -4.92% over a month. Three-month performance dropped to -5.75% while six-month performance fell -44.34%. The stock lost -29.25% in the past year, while it has lost -37.22% so far this year. A look at the trailing 12-month EPS for CRNX yields -3.82 with Next year EPS estimates of -4.69. For the next quarter, that number is -1.10. This implies an EPS growth rate of -22.35% for this year and -3.84% for next year. EPS is expected to grow by 2.12% 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 86.78 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 -$1.02 and the low estimate is -$1.32. The average estimate for the next quarter is thus -$1.17.
