Spotting A Winner: Chimerix Inc (NASDAQ: CMRX) Advances 0.94 And It Still Have Room To Run

Chimerix Inc (NASDAQ:CMRX) currently has a daily average trading volume of 439.84K but it saw 1974451 shares traded in last market. With a market cap of 95.91M USD, the company’s current market price of $1.07 came rising about 0.94 while comparing to the previous closing price of $1.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.30 and as low as $0.75. In the recent trading on the day, stock has struck highest price mark of $0.99 while lowest mark touched by it was $1.16.

Taking a look at 20-day trading activity of Chimerix Inc (CMRX) gives us an average price of $0.8889, while its current price level is -17.69% below from 52-week high level whereas it is 42.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.8886 while that of 200 days or SMA-200 reads an average of $0.9685. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.01% during that period while stretching the period over a month that decreases to 9.31%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 71.77 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Robert W. Baird which initiated the stock as “Outperform” in its note to investors issued on May 23, 2023, recommending a price target of $7 for it. Maxim Group also issued its recommendations for the stock as it initiated the price target for the stock is $20.

Over the week, CMRX’s stock price is moving 26.78% up while it is 18.32% when we observe its performance for the past one month. Year-to-date it is 11.17% up and over the past year, the stock is showing an upside performance of 7.00%.

The company is expected to be releasing its next quarterly report on 2024-Oct-31, for which analysts forecasted an EPS of -0.24 while estimate for next year EPS is -0.88. In next quarter, company is expected to be making quarterly sales of $6.06M as analysts are expecting the sales for current fiscal year at $9.97M and seeing the company making $2.52M in sales next year. Moreover, analysts are in estimates of $60k for current-quarter revenue.

Currently, Chimerix Inc’s total number of outstanding shares is 88.93M with 6.65% of that held by the insiders while 45.90% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -54.15% and return on equity (ROE) at -44.62%. Stock’s beta reads 1.12. Stock has a price to book (P/B) ratio of 0.62 while price to sale or P/S ratio amounts to 685.11. Its return on asset (ROA) is -40.37% on average.