Are You Interested In Investing In ContraFect Corporation (CFRX)? Check This Out First

As of Friday close, ContraFect Corporation’s (NASDAQ:CFRX) stock was down -$0.01, moving down -3.53 percent to $0.29. The average number of shares traded per day over the past five days has been 3,316,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0292 fall in that time frame. In the last twenty days, the average volume was 3,680,725, while in the previous 50 days, it was 1,577,156.

Since last month, CFRX stock retreated -91.75%. Shares of the company fell to $0.2881 on 08/05/22, the lowest level in the past month. A 52-week high of $4.54 was reached on 06/10/22 after having rallying from a 52-week low of $0.29. Since the beginning of this year, CFRX’s stock price has dropped by -89.00% or -$2.3406, and marked a new high 23 times. However, the stock has declined by -93.63% since its 52-week high.


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Financial Health

In the three months ended March 30, ContraFect Corporation’s quick ratio stood at 3.10, while its current ratio was 3.10, showing that the company is able to pay off its debt.

While analysts expected ContraFect Corporation to report -$0.31 quarterly earnings, the actual figure was -$0.51 per share, beating the consensus estimate by -64.50%. The liabilities of ContraFect Corporation were 26.04 million at the end of its most recent quarter ended March 30, and its total debt was $3.17 million. The value of shareholders’ equity is $39.33 million.

Technical Picture

This quick technical analysis looks at ContraFect Corporation’s (CFRX) price momentum. With a historical volatility rate of 53.82%, the RSI 9-day stood at 14.48% on 05 August.

With respect to its five-day moving average, the current ContraFect Corporation price is down by -9.17% percent or -$0.0292. At present, CFRX shares trade -90.19% below its 20-day simple moving average and -90.81% percent below its 100-day simple moving average. However, the stock is currently trading approximately -90.75% below its SMA50 and -92.38% below its SMA200.

Stochastic coefficient K was 4.95% and Stochastic coefficient D was 4.37%, while ATR was 0.1133. Given the Stochastic reading of 1.03% for the 14-day period, the RSI (14) reading has been calculated as 20.05%. As of today, the MACD Oscillator reading stands at -0.0143, while the 14-day reading stands at -0.0361.

Analyst Ratings

ContraFect Corporation downgraded its rating on ContraFect Corporation (NASDAQ: CFRX) to a Mkt perform in a note to investors on July 14, 2022. The analysts firm previously had an Outperform rating on the stock.ContraFect Corporation (CFRX) has been rated Hold by analysts. According to 0 brokerage firms, CFRX is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate ContraFect Corporation stock as buy, with 0 recommending it as overweight.

With a median target price of $8.00, the current consensus forecast for the stock is $1.00 – $23.00. Based on these forecasts, analysts predict ContraFect Corporation (CFRX) will achieve an average price target of $10.00.

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