CRNX Forecast


Bullish Case: Meaningful upside is likely, driven by promising Phase 2 data on CRN04894 and ongoing positive analyst sentiment. Helium AI shows +0.66% price forecast. Relative likelihood from historical returns indicates supportive conditions for appreciation.


Bearish Case: Insider sales and recent flat price action may signal overvaluation or skepticism. Historical price return surface shows a substantial probability of moderate depreciation within the next year.


Potential Outcomes:

1. Stable movement amid insider actions (50%).

2. Positive clinical results drive price up (30%).

3. Negative news or delayed phases trigger pullback (20%).


Trading Oracle: Current implied volatilities and relative pricing favor a bullish debit spread strategy. Enter a long call debit spread, buying CRNX Dec 2024 50 C and selling 55 C. This capitalizes on anticipated positive momentum and limits downside risk with high reward:risk.


July 19, 2024


Crinetics Pharmaceuticals Forecast

CRNX      Crinetics Pharmaceuticals











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