Chimerix (NASDAQ:CMRX) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Chimerix (NASDAQ:CMRX) posted its quarterly earnings data on Tuesday. The biopharmaceutical company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.07, Fidelity Earnings reports. Chimerix had a negative net margin of 1,162.96% and a negative return on equity of 35.69%. The business had revenue of $1.96 million for the quarter, compared to analyst estimates of $1.30 million.

Shares of NASDAQ CMRX traded up $0.03 during midday trading on Friday, hitting $1.67. The stock had a trading volume of 9,287 shares, compared to its average volume of 1,218,340. The business’s 50 day moving average is $1.78 and its 200-day moving average is $2.77. The company has a market cap of $96.81 million, a P/E ratio of -1.18 and a beta of 1.31. Chimerix has a 52 week low of $1.25 and a 52 week high of $4.40.

In other news, insider Michael T. Andriole bought 100,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of $1.56 per share, for a total transaction of $156,000.00. Following the completion of the purchase, the insider now owns 100,000 shares in the company, valued at approximately $156,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 9.40% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Chimerix from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. HC Wainwright upped their target price on shares of Chimerix from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, ValuEngine upgraded shares of Chimerix from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $4.00.

Chimerix Company Profile

Chimerix, Inc, a biopharmaceutical company, discovers, develops, and commercializes medicines that address unmet medical needs in the United States. The company's lead product candidate is brincidofovir, an investigational nucleoside analog for the prevention of viral infections in hematopoietic or stem cell transplant recipients (HCT), as well as for the treatment of adenovirus infection and disease, smallpox, and BK virus infection in kidney and HCT transplant recipients.

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Earnings History for Chimerix (NASDAQ:CMRX)

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