Chimerix Inc [NASDAQ: CMRX] gained 70.56% or 3.5 points to close at $8.46 with a heavy trading volume of 118503571 shares.
The daily chart for CMRX points out that the company has recorded 807.63% gains over the past six months.
If we look at the average trading volume of 5.29M shares, CMRX reached to a volume of 118503571 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Chimerix Inc [CMRX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMRX shares is $8.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CMRX stock is a recommendation set at 2.20. 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.
Robert W. Baird have made an estimate for Chimerix Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 23, 2023. While these analysts kept the previous recommendation, CapitalOne raised their target price to Overweight. The new note on the price target was released on September 07, 2022, representing the official price target for Chimerix Inc stock. Previously, the target price had yet another raise to $20, while Maxim Group analysts kept a Buy rating on CMRX stock. On April 23, 2021, analysts increased their price target for CMRX shares from 10 to 18.
The Average True Range (ATR) for Chimerix Inc is set at 0.60, with the Price to Sales ratio for CMRX stock in the period of the last 12 months amounting to 4755.34. The Price to Book ratio for the last quarter was 5.60, with the Price to Cash per share for the same quarter was set at 1.51.
Trading performance analysis for CMRX stock
Chimerix Inc [CMRX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 83.91. With this latest performance, CMRX shares gained by 122.63% in over the last four-week period, additionally plugging by 807.63% over the last 6 months – not to mention a rise of 623.08% 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 CMRX stock in for the last two-week period is set at 85.02, with the RSI for the last a single of trading hit 87.84, and the three-weeks RSI is set at 83.00 for Chimerix Inc [CMRX]. The present Moving Average for the last 50 days of trading for this stock 4.09, while it was recorded at 5.69 for the last single week of trading, and 1.77 for the last 200 days.
Chimerix Inc [CMRX]: A deeper dive into fundamental analysis
Chimerix Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.33 and a Current Ratio set at 6.33.
Chimerix Inc [CMRX]: An earnings per share (EPS) analysis
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 CMRX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chimerix Inc go to 9.30%.
An analysis of Institutional ownership at Chimerix Inc [CMRX]
The top three institutional holders of CMRX stocks are: RA CAPITAL MANAGEMENT, L.P. with ownership of 8.8 million shares, which is approximately 9.818%. MONACO ASSET MANAGEMENT SAM, holding 4.38 million shares of the stock with an approximate value of $$3.83 million in CMRX stocks shares; and MONACO ASSET MANAGEMENT SAM, currently with $$3.81 million in CMRX stock with ownership which is approximately 4.8685%.
