Curis Inc. (NASDAQ:CRIS) traded with an addition of $0.03 to $0.61 on Thursday, an upside of 4.27 percent. An average of 360,402 shares of common stock have been traded in the last five days. There was a fall of -$0.0170 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 347,305 shares traded, while the 50-day average volume stands at 347,436.
CRIS stock has decreased by -23.75% in the last month. The company shares reached their 1-month lowest point of $0.5400 on 08/24/23. With the stock rallying to its 52-week high on 04/17/23, shares of the company touched a low of $0.47 and a high of $1.18 in 52 weeks. It has reached a new high 11 times so far this year and achieved 10.91% or $0.0550 in price. In spite of this, the price is down -48.31% from the 52-week high.
Valuation Metrics
Curis Inc. (CRISstock’s beta is 2.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.08, the price-to-book (PB) ratio at 2.26.
Financial Health
The quick ratio of Curis Inc. for the three months ended June 29 was 7.00, and the current ratio was 7.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Curis Inc.’s EBITDA margin for the year ending June 29 is -508.06%. Its gross profit as reported stood at $9.9 million compared to revenue of $10.16 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Curis Inc.’s return on assets was -46.90%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$11.96 million in the quarter, while revenues of -$11.56 million were shrunk -33.28%. The analyst consensus anticipated Curis Inc.’s latest quarter earnings to come in at -$0.12 per share, but it turned out to be -$0.12, a 0.00% surprise. For the quarter, EBITDA amounted to -$12.68 million. Shareholders own equity worth $117.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Curis Inc. (CRIS) price momentum. RSI 9-day as of the close on 23 August was 37.87%, suggesting the stock is Neutral, with historical volatility in this time frame at 64.73%.
As of today, CRIS’s price is $0.5982 -2.73% or -$0.0170 from its 5-day moving average. CRIS is currently trading -20.58% lower than its 20-day SMA and +1.51% higher than its 100-day SMA. However, the stock’s current price level is -23.42% below the SMA50 and -22.74% below the SMA200.
The stochastic %K and %D were 19.46% and 12.98%, respectively, and the average true range (ATR) was 0.0480. With the 14-day stochastic at 45.05% and the average true range at 0.0505, the RSI (14) stands at 38.10%. The stock has reached -0.0232 on the 9-day MACD Oscillator while the 14-day reading was at -0.0348.
Analyst Ratings
Raymond James downgraded Curis Inc. (NASDAQ: CRIS) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Curis Inc. (CRIS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CRIS, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is CRIS’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $10.00, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for Curis Inc. (CRIS) stock is $6.00.
