Chimerix Now Covered by Analysts at Brean Capital (CMRX)
Stock analysts at Brean Capital started coverage on shares of Chimerix (NASDAQ:CMRX) in a report issued on Tuesday. The firm set a “buy” rating and a $33.00 price target on the stock. Brean Capital’s target price would suggest a potential upside of 53.06% from the company’s current price.
In other Chimerix news, CFO Timothy W. Trost sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $22.74, for a total transaction of $113,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Chimerix (NASDAQ:CMRX) traded down 7.70% during mid-day trading on Tuesday, hitting $19.90. The stock had a trading volume of 277,522 shares. Chimerix has a 1-year low of $12.96 and a 1-year high of $27.69. The stock has a 50-day moving average of $20.73 and a 200-day moving average of $19.8. The company’s market cap is $536.6 million.
Chimerix (NASDAQ:CMRX) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.39) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.36) by $0.03. The company had revenue of $0.78 million for the quarter, compared to the consensus estimate of $0.85 million. During the same quarter last year, the company posted ($22.58) earnings per share. Analysts expect that Chimerix will post $-1.79 EPS for the current fiscal year.
Chimerix, Inc is a biopharmaceutical company committed to the discovery, development and commercialization of novel, oral antiviral therapeutics that are designed to transform patient care in areas of high unmet medical need.
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