CRISPR Therapeutics AG (NASDAQ:CRSP) closed Tuesday at $43.71 per share, down from $45.28 a day earlier. While CRISPR Therapeutics AG has underperformed by -3.47%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CRSP fell by -33.92%, with highs and lows ranging from $86.95 to $38.94, whereas the simple moving average fell by -25.17% in the last 200 days.
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On March 21, 2023, Bernstein started tracking CRISPR Therapeutics AG (NASDAQ: CRSP) recommending Mkt Perform. A report published by Bryan Garnier on March 17, 2023, Initiated its previous ‘Buy’ rating for CRSP. Robert W. Baird also rated CRSP shares as ‘Neutral’, setting a target price of $46 on the company’s shares in an initiating report dated March 07, 2023. Morgan Stanley Initiated an Underweight rating on October 11, 2022, and assigned a price target of $37. Barclays August 09, 2022d its ‘Overweight’ rating to ‘Equal Weight’ for CRSP, as published in its report on August 09, 2022. Evercore ISI’s report from June 23, 2022 suggests a price prediction of $60 for CRSP shares, giving the stock a ‘In-line’ rating. BMO Capital Markets also rated the stock as ‘Outperform’.
Analysis of CRISPR Therapeutics AG (CRSP)
Further, the quarter-over-quarter decrease in sales is -88.60%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of CRISPR Therapeutics AG’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -31.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 15.30, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and CRSP is recording an average volume of 1.06M. On a monthly basis, the volatility of the stock is set at 4.87%, whereas on a weekly basis, it is put at 4.25%, with a loss of -0.32% over the past seven days. Furthermore, long-term investors anticipate a median target price of $84.19, showing growth from the present price of $43.71, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 -4.94% in the first quarter. The company now owns 7,829,932 shares of the stock, with a value of $386.17 million, following the sale of -407,190 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 0.23%. During the last quarter, the company dropped down 12,132 additional shares for a total stake of worth $264.09 million, bringing number of shares owned by the company to 5,354,550.
During the first quarter, Nikko Asset Management Americas, subtracted a -256,260 position in CRSP. T. Rowe Price Investment Manageme purchased an additional 0.75 million shares in the last quarter, increasing its holdings by 33.56%, now holding 2.99 million shares worth $147.64 million. At the end of the first quarter, BlackRock Fund Advisors increased its CRSP holdings by 17.85% and now holds 2.33 million CRSP shares valued at $114.93 million with the added 0.35 million shares during the period. CRSP shares are owned by institutional investors to the tune of 69.00% at present.
