ContraFect Corporation [CFRX] Is Currently -20.31 below its 200 Period Moving Avg: What Does This Mean?

ContraFect Corporation [NASDAQ: CFRX] price plunged by -20.31 percent to reach at -$0.03. The company report on December 13, 2022 that ContraFect Announces Pricing of $7.0 Million Registered Direct Offering and Concurrent Private Placement.


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Under the terms of the securities purchase agreement, ContraFect has agreed to issue 4,350,000 shares of common stock and pre-funded warrants to purchase 49,913,565 shares of common stock. In the concurrent private placement, which will be consummated concurrently with the offering, ContraFect also has agreed to issue Class A warrants to purchase up to an aggregate of 108,527,130 shares of common stock and Class B warrants to purchase up to an aggregate of 54,263,565 shares of common stock. Each of the warrants is subject to a customary beneficial ownership limitation on exercisability, and the Class A warrants and Class B warrants will not be exercisable at all until ContraFect obtains a shareholder approval of an amendment to the Company’s certificate of incorporation for either an increase in authorized shares of its common stock or a reverse split of its common stock and a shareholder approval as required under the Nasdaq rules with respect to this transaction. Each of the Class A warrants and Class B warrants will have an exercise price of $0.129 per share of common stock. The Class A Warrants will expire five years from the date on which they become exercisable. The Class B warrants will expire six months from the date on which they become exercisable.

A sum of 6175343 shares traded at recent session while its average daily volume was at 937.87K shares. ContraFect Corporation shares reached a high of $0.1299 and dropped to a low of $0.0884 until finishing in the latest session at $0.10.

The one-year CFRX stock forecast points to a potential upside of 97.28. The average equity rating for CFRX stock is currently 2.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on ContraFect Corporation [CFRX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CFRX shares is $3.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CFRX stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

SVB Leerink have made an estimate for ContraFect Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on July 14, 2022. While these analysts kept the previous recommendation, Cantor Fitzgerald dropped their target price from $15 to $1. The new note on the price target was released on July 14, 2022, representing the official price target for ContraFect Corporation stock. Previously, the target price had yet another raise to $6.50, while WBB Securities analysts kept a Buy rating on CFRX stock.

CFRX Stock Performance Analysis:

ContraFect Corporation [CFRX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.68. With this latest performance, CFRX shares dropped by -28.60% in over the last four-week period, additionally sinking by -96.69% over the last 6 months – not to mention a drop of -96.34% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CFRX stock in for the last two-week period is set at 31.61, with the RSI for the last a single of trading hit 27.32, and the three-weeks RSI is set at 32.75 for ContraFect Corporation [CFRX]. The present Moving Average for the last 50 days of trading for this stock 0.1547, while it was recorded at 0.1227 for the last single week of trading, and 1.7335 for the last 200 days.

Insight into ContraFect Corporation Fundamentals:

ContraFect Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

CFRX Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CFRX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ContraFect Corporation go to 12.70%.

ContraFect Corporation [CFRX] Insider Position Details

There are presently around $1 million, or 22.80% of CFRX stock, in the hands of institutional investors. The top three institutional holders of CFRX stocks are: ACADIAN ASSET MANAGEMENT LLC with ownership of 1,588,806, which is approximately New of the company’s market cap and around 4.87% of the total institutional ownership; ARTAL GROUP S.A., holding 1,500,000 shares of the stock with an approximate value of $0.15 million in CFRX stocks shares; and FOSUN INTERNATIONAL LTD, currently with $77000.0 in CFRX stock with ownership of nearly 0% of the company’s market capitalization.

Positions in ContraFect Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 21 institutional holders increased their position in ContraFect Corporation [NASDAQ:CFRX] by around 2,991,767 shares. Additionally, 27 investors decreased positions by around 17,280,137 shares, while 17 investors held positions by with 11,315,384 shares. The mentioned changes placed institutional holdings at 8,956,520 shares, according to the latest SEC report filing. CFRX stock had 11 new institutional investments in for a total of 2,603,073 shares, while 17 institutional investors sold positions of 12,740,034 shares during the same period.

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