ChemoCentryx (NASDAQ:CCXI – Get Rating) released its quarterly earnings results on Thursday. The biopharmaceutical company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.24), MarketWatch Earnings reports. ChemoCentryx had a negative net margin of 408.87% and a negative return on equity of 40.75%. During the same period last year, the company posted ($0.43) earnings per share.
Shares of NASDAQ:CCXI traded up $1.74 during midday trading on Friday, reaching $17.38. The company had a trading volume of 8,372,826 shares, compared to its average volume of 1,178,439. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average price is $22.63 and its 200 day moving average price is $29.94. The stock has a market cap of $1.21 billion, a PE ratio of -8.65 and a beta of 1.96. ChemoCentryx has a 1-year low of $9.53 and a 1-year high of $42.16.
Several analysts have issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target on shares of ChemoCentryx in a research note on Friday, March 18th. StockNews.com began coverage on ChemoCentryx in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $73.43.
ChemoCentryx Company Profile (Get Rating)
ChemoCentryx, Inc, a biopharmaceutical company, focuses on the development and commercialization of new medications for inflammatory disorders, autoimmune diseases, and cancer in the United States. It offers TAVNEOS (avacopan), an orally administered selective C5aR inhibitor for the treatment of adult patients with severe active anti-neutrophil cytoplasmic autoantibody-associated vasculitis.
- Get a free copy of the StockNews.com research report on ChemoCentryx (CCXI)
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