In last trading session, Chimerix Inc (NASDAQ:CMRX) saw 0.79 million shares changing hands with its beta currently measuring 1.13. Company’s recent per share price level of $0.97 trading at -$0.03 or -3.02% at ring of the bell on the day assigns it a market valuation of $86.21M. That closing price of CMRX’s stock is at a discount of -146.39% from its 52-week high price of $2.39 and is indicating a premium of 9.28% from its 52-week low price of $0.88. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.53 million shares which gives us an average trading volume of 541.39K if we extend that period to 3-months.
For Chimerix Inc (CMRX), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.29. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.24 in the current quarter.
Chimerix Inc (NASDAQ:CMRX) trade information
Upright in the red during last session for losing -3.02%, in the last five days CMRX remained trading in the green while hitting it’s week-highest on Thursday, 11/16/23 when the stock touched $0.97 price level, adding 5.83% to its value on the day. Chimerix Inc’s shares saw a change of -47.86% in year-to-date performance and have moved 3.17% in past 5-day. Chimerix Inc (NASDAQ:CMRX) showed a performance of -4.92% in past 30-days. Number of shares sold short was 1.65 million shares which calculate 4.06 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $7.00 to the stock, which implies a rise of 86.14% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $11.00. It follows that stock’s current price would drop -1034.02% in reaching the projected high whereas dropping to the targeted low would mean a loss of -415.46% for stock’s current value.
Chimerix Inc (CMRX) estimates and forecasts
Statistics highlight that Chimerix Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -19.85% of value to its shares in past 6 months, showing an annual growth rate of -148.97% while that of industry is 14.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. This year revenue growth is estimated to fall -98.90% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $60k for the same. And 2 analysts are in estimates of company making revenue of $150k in the next quarter that will end on Mar 2024. Company posted $814k and $283k of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -92.60% while estimating it to be -47.00% for the next quarter.
Chimerix Inc is more likely to be releasing its next quarterly report on November 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.