{ }
Symbol CRSP
Name CRISPR Therapeutics AG
Currency USD
Sector Health Care
IndustryGroup Pharmaceuticals, Biotechnology & Life Sciences
Industry Biotechnology
Market NASDAQ Global Select
Country Switzerland
State
City Zug
Zipcode 6300
Website http://www.crisprtx.com
CRISPR Therapeutics has faced a 23% decline in stock value this year despite recent regulatory approvals for its gene-editing medicine, Casgevy, which treats sickle cell disease and beta-thalassemia. The high cost of $2.2 million per treatment poses accessibility challenges, but a new U.S. government plan aims to help Medicaid patients afford it, potentially expanding access for many. However, the company reported only $1.6 million in revenue in the first nine months, indicating slow uptake of Casgevy.
CRISPR Therapeutics has faced a challenging market, with shares down 23% year-to-date despite recent regulatory approvals for its gene-editing medicine, Casgevy, which treats sickle cell disease and beta-thalassemia. The Biden administration's new Medicaid initiative aims to improve access to Casgevy, potentially expanding its market significantly. With a projected peak annual sales exceeding $2.2 billion, the company is well-positioned for future growth, although it currently reports minimal revenue.
CRISPR Therapeutics has received a Regenerative Medicine Advanced Therapy (RMAT) designation from the FDA for its cell therapy CTX112, aimed at treating relapsed or refractory B-cell malignancies. This designation allows for a potentially expedited approval process, offering financial flexibility and a simpler manufacturing approach. While the new development is promising, the success of CTX112 still hinges on convincing safety and efficacy data in clinical trials.
CRISPR Therapeutics has received a Regenerative Medicine Advanced Therapy (RMAT) designation from the FDA for its cell therapy CTX112, aimed at treating relapsed or refractory B-cell malignancies. This designation allows for expedited development and potential early revenue generation, enhancing the company's financial flexibility. The off-the-shelf manufacturing approach of CTX112 could lead to more consistent patient responses, positioning CRISPR favorably for future growth despite inherent clinical trial risks.
CRISPR Therapeutics insiders have sold 50,382 shares worth $2.74 million in the last 90 days, with insiders owning 4.10% of the company. Institutional investors hold 69.20% of the stock, while analysts maintain a "Hold" rating, with a consensus target price of $77.93. The company's recent earnings report showed a loss of $1.01 per share, exceeding expectations, but revenue fell short at $0.60 million.
Larson Financial Group LLC increased its stake in CRISPR Therapeutics by 95.5% in Q2, now holding 565 shares valued at $31,000. Other institutional investors also made significant investments, with ownership among them at 69.20%. CRISPR Therapeutics, focused on gene-editing for serious diseases, recently hit a 52-week low of $40.61, with analysts giving it a consensus "Hold" rating and an average price target of $77.93.
The biotech sector is witnessing renewed interest in gene therapies, particularly following recent FDA approvals. Companies like Sarepta Therapeutics, CRISPR Therapeutics, and Voyager Therapeutics are positioned for growth in 2025, with Sarepta's Elevidys leading the way as the first gene therapy for Duchenne muscular dystrophy. The company is also expanding its pipeline with new treatments for other neuromuscular disorders.
CRISPR Therapeutics AG (NASDAQ:CRSP) experienced a 6.4% decline in short interest in November, totaling 18,150,000 shares. Analysts have mixed ratings, with a consensus "Hold" and a target price of $77.93, while CEO Samarth Kulkarni sold 30,000 shares, reducing his stake by 13.24%. The company reported a quarterly EPS of ($1.01), surpassing estimates, but revenue fell short at $0.60 million.
Crispr Therapeutics (CRSP) is experiencing above-normal call volume, indicating bullish sentiment, with 5,198 calls traded—1.3 times the expected amount. Implied volatility has risen over 3 points to 55.13%, with the Jan-25 50 calls and Dec-24 47 calls being the most active. The Put/Call Ratio stands at 0.20, and earnings are anticipated on February 19th.
Super Micro Computer's stock fell nearly 5% amid concerns of potential delisting from the Nasdaq, following a series of financial reporting issues and the resignation of its accounting firm, Ernst & Young. The company is seeking to raise capital through equity and debt to stabilize its finances. Despite recent declines, the stock is still up about 23% this year.
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