As of Tuesday, CRISPR Therapeutics AG’s (NASDAQ:CRSP) stock closed at $51.96, up from $51.32 the previous day. While CRISPR Therapeutics AG has overperformed by 1.25%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CRSP fell by -17.01%, with highs and lows ranging from $86.95 to $38.94, whereas the simple moving average fell by -14.09% in the last 200 days.
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On October 11, 2022, Morgan Stanley started tracking CRISPR Therapeutics AG (NASDAQ: CRSP) recommending Underweight. A report published by Barclays on August 09, 2022, Downgraded its rating to ‘Equal Weight’ for CRSP. Evercore ISI also Downgraded CRSP shares as ‘In-line’, setting a target price of $60 on the company’s shares in a report dated June 23, 2022. BMO Capital Markets Initiated an Outperform rating on June 17, 2022, and assigned a price target of $98. Credit Suisse initiated its ‘Neutral’ rating for CRSP, as published in its report on April 28, 2022. SVB Leerink also rated the stock as ‘Outperform’.
Analysis of CRISPR Therapeutics AG (CRSP)
Further, the quarter-over-quarter decrease in sales is -87.50%, showing a negative trend in the upcoming months.
One of the most important indicators of CRISPR Therapeutics AG’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -31.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 12.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CRSP is recording 1.07M average volume. On a monthly basis, the volatility of the stock is set at 5.63%, whereas on a weekly basis, it is put at 5.43%, with a gain of 0.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $95.30, showing growth from the present price of $51.96, which can serve as yet another indication of whether CRSP is worth investing in or should be passed over.
How Do You Analyze CRISPR Therapeutics AG Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 69.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CRSP shares?
The recent increase in stakes in CRSP appears to be a result of several institutional investors and hedge funds increasing their positions. ARK Investment Management LLC’s position in CRSP has decreased by -15.32% in the first quarter. The company now owns 8,237,122 shares of the stock, with a value of $334.84 million, following the sale of -1,490,409 additional shares during the last quarter. Capital Research & Management Co made another increased to its shares in CRSP during the first quarter, upping its stake by 14.55%. During the last quarter, the company dropped down 678,464 additional shares for a total stake of worth $217.17 million, bringing number of shares owned by the company to 5,342,418.
At the end of the first quarter, Fidelity Management & Research Co increased its CRSP holdings by 32.58% and now holds 2.15 million CRSP shares valued at $87.25 million with the added 0.53 million shares during the period. CRSP shares are owned by institutional investors to the tune of 69.00% at present.
