CorMedix, Inc. (CRMD) Stock: Here’s Why It’s Headed For The Top

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CorMedix, Inc. (CRMD) is making a move up in the market in today’s trading session. The company, one that is focused on the biotech industry, is currently trading at $7.40 after gaining 16.54% so far in today’s session. When it comes to biotech companies, there are a number of factors that have the potential to cause gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories relating to CRMD:

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Jun-10-19 08:30AM CorMedix Inc. to Ring NYSE Closing Bell on Monday, June 10
May-31-19 06:48PM Edited Transcript of CRMD earnings conference call or presentation 13-May-19 8:30pm GMT
May-16-19 08:45AM CorMedix Inc. to Present at the 20th Annual B. Riley FBR Institutional Investor Conference
May-13-19 05:45PM CorMedix (CRMD) Reports Q1 Loss, Tops Revenue Estimates
04:41PM CorMedix: 1Q Earnings Snapshot

Nonetheless, when making a decision to invest, investors should look at much more than news, this is especially the case in the generally speculative biotech industry. Here’s what’s happening in regard to CorMedix, Inc..

Recent Movement Out of CRMD

Although a single session gain, like the move that we’re seeing from CorMedix, Inc. may make some investors happy, a single session move alone should not be the basis of a decision to, or not to, buy a company’s stock. It is generally smart to take a look at trends further out than a single trading day. When it comes to CRMD, here are the movements that investors have seen:

  • Past 5 Sessions – Over the past week, CRMD has produced a change in price amounting to 24.79%.
  • Monthly – The monthly ROI from CorMedix, Inc. works out to -1.07%.
  • Past Three Months – In the last three months, the stock has produced a return of -18.23%
  • Past Six Months – Over the past 6 months, we have seen a performance that equates to -10.30% from the stock.
  • Year To Date – Since the close of last year CRMD has produced a ROI of 14.73%.
  • Full Year – Lastly, throughout the last full year, we’ve seen movement that comes to 330.98% from CRMD. Over this period of time, the stock has traded at a high of -45.99% and a low of 614.98%.

Rations That Traders Should Look Into

Looking at various key ratios associated with a company generally gives investors an understanding of how risky and/or potentially profitable a an investment option might be. Below are a few of the most important ratios to look at when digging into CRMD.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the price of the stock is going to go down. Across the sector, biotech stocks can come with a higher short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, when it comes to CorMedix, Inc., the stock’s short ratio clocks in at 7.86.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Essentially, they measure the company’s abilities to pay its debts as they mature based on quick assets or current assets. Because many biotech several companies rely on the continuation of support from investors, the current and quick ratios can be upsetting. However, several good picks in the biotechnology space do have great quick and current ratios. As far as CRMD, the quick and current ratios work out to 6.20 and 6.30 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets owned by the company. In this case, the book to share value ratio comes in at 0.72.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. Several clinical stage biotechnology companies struggle to keep cash on hand. So, if you’re considering an investment in a biotechnology stock, this is an important ratio to think about. In this case, the cash to share value works out to 1.10.

Analyst Opinions Of CorMedix, Inc.

Although it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their thoughts when validating your own opinions when it comes to making investment decisions in the biotech sector. Below you’ll find the most recent moves that we have seen from analysts with regard to CRMD.

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Mar-26-19 Reiterated H.C. Wainwright Buy $3 → $15
Dec-06-18 Initiated ROTH Capital Buy $6
Sep-25-17 Reiterated H.C. Wainwright Buy $3 → $4
Aug-10-17 Reiterated Rodman & Renshaw Buy $5 → $3
May-05-17 Reiterated Rodman & Renshaw Buy $6 → $5

Is Big Money Interested In CorMedix, Inc.

An interesting fact I have learned in my brief period alive, or somewhat alive is that smart money tends to follow big money players. In general, investors that are looking to keep the risk down will keep an eye on trades made by institutions and those on the inside. So, is big money interested when it comes to CRMD? Here’s what’s going on:

  • Institutional Investors – Currently, institutional investors own 16.70% of CRMD. On the other hand, it’s important to consider that the ownership held by institutions has changed in the amount of 23.69% throughout the last 3 months.
  • Insider Moves – with regard to insiders, those close to the situation currently own 1.30% of CorMedix, Inc.. Their ownership of the company has changed by 0 over the past quarter.

Interested In How Many Shares Are Available?

Traders seem to have a heavy interest in the amounts of shares both available and outstanding. In regard to CorMedix, Inc., there are currently 23.92M and there is a float of 22.76M. These data mean that of the total of 23.92M shares of CRMD currently in existence today, 22.76M are able to be traded in the public realm.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CRMD, the short percent of the float is 16.01%.

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.61. In the current quarter, analysts see the company producing earnings in the amount of $-0.22. Over the last 5 years, CRMD has generated revenue in the amount of $192.70% with earnings coming in at 15.20%. On a quarter over quarter basis, earnings have seen movement of 66.90% and revenue has seen movement of 605.30%.

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