Crinetics Pharmaceuticals (CRNX) Stock Price, News & Analysis

$46.50
-0.70 (-1.48%)
(As of 04:28 PM ET)
Today's Range
$46.20
$48.11
50-Day Range
$37.93
$48.03
52-Week Range
$15.76
$49.58
Volume
561,205 shs
Average Volume
762,364 shs
Market Capitalization
$3.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$54.00

Crinetics Pharmaceuticals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
16.1% Upside
$54.00 Price Target
Short Interest
Bearish
6.63% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.62
Upright™ Environmental Score
News Sentiment
0.93mentions of Crinetics Pharmaceuticals in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$8.51 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($3.34) to ($3.55) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.51 out of 5 stars

Medical Sector

262nd out of 908 stocks

Pharmaceutical Preparations Industry

116th out of 424 stocks

CRNX stock logo

About Crinetics Pharmaceuticals Stock (NASDAQ:CRNX)

Crinetics Pharmaceuticals, Inc., a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumors. The company's lead product candidate is paltusotine, an oral selective nonpeptide somatostatin receptor type 2 agonist, which is in Phase 3 trial for the treatment of acromegaly; and Phase 2 trial for treating carcinoid syndrome associated with neuroendocrine tumors. It is also developing CRN04894, an investigational oral nonpeptide product candidate to antagonize the adrenocorticotrophic hormone (ACTH) receptor that has completed a Phase 1 study for the treatment of diseases caused by excess ACTH, including congenital adrenal hyperplasia and Cushing's disease. In addition, the company is developing antagonists of the parathyroid hormone (PTH) receptor for the treatment of primary hyperparathyroidism and humoral hypercalcemia of malignancy, and other diseases of excess PTH; identified investigational orally available somatostatin receptor type 3 targeted nonpeptide agonists for the treatment of autosomal dominant polycystic kidney disease; and developing thyroid-stimulating hormone receptor antagonists for the treatment of graves' disease and thyroid eye disease, as well as Oral GLP-1 and GIP nonpeptides for the treatment of diabetes and obesity. Crinetics Pharmaceuticals, Inc. was incorporated in 2008 and is headquartered in San Diego, California.

CRNX Stock Price History

CRNX Stock News Headlines

Perma Bull: This is what terrifies me about AI
For 40 years, he's been known as one of the world's most bullish investors. Forbes even referred to him a "perma bull"... But he just shocked the world by issuing a massive bear warning about AI stocks.
Perma Bull: This is what terrifies me about AI
For 40 years, he's been known as one of the world's most bullish investors. Forbes even referred to him a "perma bull"... But he just shocked the world by issuing a massive bear warning about AI stocks.
Insiders Are Dumping These 5 Healthcare Stocks
See More Headlines
Receive CRNX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Crinetics Pharmaceuticals and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/28/2024
Today
5/06/2024
Next Earnings (Confirmed)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
N/A
Current Symbol
NASDAQ:CRNX
Fax
N/A
Employees
290
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$54.00
High Stock Price Target
$80.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+15.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$-214,530,000.00
Net Margins
-4,223.27%
Pretax Margin
-5,216.32%

Debt

Sales & Book Value

Annual Sales
$4.01 million
Book Value
$8.07 per share

Miscellaneous

Free Float
73,232,000
Market Cap
$3.67 billion
Optionable
Optionable
Beta
0.63
Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

Key Executives

  • Dr. R. Scott Struthers Ph.D. (Age 62)
    Founder, President, CEO & Director
    Comp: $870.69k
  • Dr. Stephen F. Betz Ph.D. (Age 58)
    Founder & Chief Scientific Officer
    Comp: $618.58k
  • Mr. Marc J. C. Wilson (Age 45)
    Chief Financial Officer
    Comp: $585.54k
  • Mr. James Hassard (Age 58)
    Chief Commercial Officer
    Comp: $513.34k
  • Dr. Dana Pizzuti M.D. (Age 68)
    Chief Development Officer
    Comp: $493.62k
  • Mr. Jeff E. Knight (Age 53)
    Chief Operating Officer
    Comp: $237.64k
  • Ms. Garlan Adams
    General Counsel & Corporate Secretary
  • Ms. Adriana Cabre M.B.A.
    Chief Human Resources Officer
  • Dr. Alan S. Krasner M.D. (Age 61)
    Chief Medical Officer
    Comp: $571.97k
  • Mr. Kevin Capps
    Head of Intellectual Property

CRNX Stock Analysis - Frequently Asked Questions

Should I buy or sell Crinetics Pharmaceuticals stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crinetics Pharmaceuticals in the last twelve months. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CRNX shares.
View CRNX analyst ratings
or view top-rated stocks.

What is Crinetics Pharmaceuticals' stock price target for 2024?

11 brokers have issued 1 year price objectives for Crinetics Pharmaceuticals' shares. Their CRNX share price targets range from $35.00 to $80.00. On average, they expect the company's stock price to reach $54.00 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
View analysts price targets for CRNX
or view top-rated stocks among Wall Street analysts.

How have CRNX shares performed in 2024?

Crinetics Pharmaceuticals' stock was trading at $35.58 on January 1st, 2024. Since then, CRNX stock has increased by 30.7% and is now trading at $46.50.
View the best growth stocks for 2024 here
.

Are investors shorting Crinetics Pharmaceuticals?

Crinetics Pharmaceuticals saw a increase in short interest in April. As of April 15th, there was short interest totaling 5,220,000 shares, an increase of 6.3% from the March 31st total of 4,910,000 shares. Based on an average trading volume of 802,900 shares, the days-to-cover ratio is presently 6.5 days.
View Crinetics Pharmaceuticals' Short Interest
.

When is Crinetics Pharmaceuticals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CRNX earnings forecast
.

How can I listen to Crinetics Pharmaceuticals' earnings call?

Crinetics Pharmaceuticals will be holding an earnings conference call on Thursday, May 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Crinetics Pharmaceuticals' earnings last quarter?

Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX) issued its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of ($0.89) by $0.01. Crinetics Pharmaceuticals had a negative trailing twelve-month return on equity of 52.93% and a negative net margin of 4,223.27%. The firm's revenue for the quarter was down 100.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.84) EPS.

What is R. Scott Struthers, Ph.D.'s approval rating as Crinetics Pharmaceuticals' CEO?

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.

What other stocks do shareholders of Crinetics Pharmaceuticals own?

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).

When did Crinetics Pharmaceuticals IPO?

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

Who are Crinetics Pharmaceuticals' major shareholders?

Crinetics Pharmaceuticals' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (3.58%), BNP Paribas Financial Markets (0.06%), Hennion & Walsh Asset Management Inc. (0.05%), Mirae Asset Global Investments Co. Ltd. (0.04%), HighMark Wealth Management LLC (0.02%) and Principal Financial Group Inc. (0.02%). Insiders that own company stock include Ajay Madan, Alan Seth Krasner, Coelho Rogerio Vivaldi, Dana Pizzuti, Jeff E Knight, Marc Wilson, Matthew K Fust, Perceptive Advisors Llc, Richard Scott Struthers, Stephanie Okey and Stephen F Betz.
View institutional ownership trends
.

How do I buy shares of Crinetics Pharmaceuticals?

Shares of CRNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CRNX) was last updated on 5/6/2024 by MarketBeat.com Staff

From Our Partners