Stock Price Prediction

CRNX stock is currently trading at $35.88, with a strong bullish outlook supported by a consensus price target of $77.00, indicating a potential upside of over 114%. Analysts are optimistic due to the company's robust cash position of $1.4 billion, sufficient to fund operations through 2029, and key milestones like the NDA acceptance for paltusotine in acromegaly. Recent upgrades and positive earnings surprises further reinforce the bullish sentiment.

CRNX stock shows bearish signals due to the following reasons:

1. Technical Indicators: The MACD is negative (-2.14), and the Stochastic Oscillator (K: 31.73, D: 16.68) indicates oversold conditions, suggesting weak momentum.
2. Valuation Concerns: Despite a recent close at $35.78, the stock's P/E ratio is negative (-8.76), reflecting ongoing losses and potential overvaluation.
3. Resistance Levels: Fibonacci resistance at $37.07 and $38.45 may limit upward movement, while the pivot at $34.84 could act as support.