Crinetics Pharmaceuticals - CRNX Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crinetics Pharmaceuticals in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRNX shares.
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4 brokerages have issued twelve-month target prices for Crinetics Pharmaceuticals' shares. Their CRNX share price forecasts range from $35.00 to $41.00. On average, they predict the company's stock price to reach $38.33 in the next year. This suggests a possible upside of 149.4% from the stock's current price.
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Crinetics Pharmaceuticals' stock was trading at $18.30 at the start of the year. Since then, CRNX shares have decreased by 16.0% and is now trading at $15.37.
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Crinetics Pharmaceuticals saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 3,640,000 shares, an increase of 7.4% from the February 13th total of 3,390,000 shares. Based on an average daily trading volume, of 407,800 shares, the short-interest ratio is currently 8.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
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Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX) posted its quarterly earnings data on Friday, November, 5th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by $0.01. Crinetics Pharmaceuticals had a negative net margin of 3,460.38% and a negative trailing twelve-month return on equity of 48.32%.

ETFs with the largest weight of Crinetics Pharmaceuticals (NASDAQ:CRNX) stock in their portfolio include Virtus LifeSci Biotech Clinical Trials ETF (BBC), ALPS Medical Breakthroughs ETF (SBIO), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Principal Healthcare Innovators ETF (BTEC), SPDR S&P Biotech ETF (XBI), iShares Micro-Cap ETF (IWC), Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Invesco Nasdaq Biotechnology ETF (IBBQ).

6 employees have rated Crinetics Pharmaceuticals Chief Executive Officer R. Scott Struthers, Ph.D. on Glassdoor.com. R. Scott Struthers, Ph.D. has an approval rating of 100% among the company's employees. This puts R. Scott Struthers, Ph.D. in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 68.0% of employees surveyed would recommend working at Crinetics Pharmaceuticals to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crinetics Pharmaceuticals investors own include SCYNEXIS (SCYX), Sorrento Therapeutics (SRNE), Aldeyra Therapeutics (ALDX), G1 Therapeutics (GTHX), Kura Oncology (KURA), Otonomy (OTIC), Selecta Biosciences (SELB), TG Therapeutics (TGTX), Arbutus Biopharma (ABUS) and Applied Genetic Technologies (AGTC).

(CRNX) raised $80 million in an initial public offering (IPO) on Wednesday, July 18th 2018. The company issued 5,000,000 shares at $15.00-$17.00 per share. J.P. Morgan, Leerink Partners and Piper Jaffray acted as the underwriters for the IPO.

Crinetics Pharmaceuticals trades on the NASDAQ under the ticker symbol "CRNX."

Crinetics Pharmaceuticals' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Driehaus Capital Management LLC (10.46%), Braidwell LP (6.46%), Point72 Asset Management L.P. (2.53%), First Light Asset Management LLC (2.47%), Geode Capital Management LLC (1.71%) and Finepoint Capital LP (1.53%). Insiders that own company stock include Ajay Madan, Jeff E Knight, Matthew K Fust, Perceptive Advisors Llc, Richard Scott Struthers, Stephen F Betz and Vivo Capital Viii, Llc.
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Shares of CRNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CRNX stock can currently be purchased for approximately $15.37.

Crinetics Pharmaceuticals (NASDAQ:CRNX) has a market capitalization of $828.60 million and generates $4.74 million in revenue each year. The company earns $-163,920,000.00 in net income (profit) each year or ($3.16) on an earnings per share basis.

The company employs 143 workers across the globe.

Crinetics Pharmaceuticals' mailing address is 10222 Barnes Canyon Road Building #2, San Diego CA, 92121. The official website for the company is www.crinetics.com. The company can be reached via phone at (858) 450-6464 or via email at ir@crinetics.com.