Crispr Therapeutics Ag (NASDAQ:CRSP) shares traded on -9.73% below secure line and closed at $34.88. The stock exchanged hands 2.07 Million shares versus average trading capacity of 679.46 Million shares. It has a market cap of $1.77 Billion.
Wall Street analysts are predicting that Crispr Therapeutics Ag (NASDAQ:CRSP) will report earnings per share of $-0.69 in their quarterly report. For the current quarter Crispr Therapeutics Ag (NASDAQ:CRSP) has high EPS estimates of $-0.64 in contradiction of low EPS estimates of $-0.77. However a year ago for the same quarter the company has reported $1.42 EPS. Average estimation for the current quarter has been provided by 6 analysts.
Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.
A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously Crispr Therapeutics Ag (NASDAQ:CRSP) reported $-0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.6 by $-0.02 with surprise factor of -3.3%.
Crispr Therapeutics Ag (NASDAQ:CRSP) has average revenue estimates of $3.57 Million, compared to low analyst estimates of $500 Million and high estimates of $5.4 Million for the current quarter. A total number of 5 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $11.82 Million compared to low analyst estimates of $9.2 Million and high estimates of $12.91 Million according to the prediction of 5 analysts.
Taking a broader look at the analyst consensus, according to 6 analysts Crispr Therapeutics Ag (NASDAQ:CRSP)’s price will reach at $32.17 during 52 weeks. Its minimum price target estimates has been figured out at $20 while the maximum price target forecast is established at $45.
On the other hand Crispr Therapeutics Ag (NASDAQ:CRSP) has Relative Strength Index (RSI 14) of 52.24 along with Average True Range (ATR 14) of 4.1. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.
Consequently Crispr Therapeutics Ag (NASDAQ:CRSP)’s weekly and monthly volatility is 14.17%, 11.60% respectively.