Chemocentryx Stock Target Price and Analyst Consensus

CCXI
 Stock
  

USD 51.85  0.04  0.08%   

The current analyst and expert consensus on Chemocentryx is Buy, with 5 strong buy opinions. The current projected Chemocentryx target price consensus is 75.33 with 6 analyst opinions. The most common way Chemocentryx analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Chemocentryx executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Chemocentryx. We strongly encourage you to use your own analysis of Chemocentryx to validate this buy or sell advice. Chemocentryx buy-or-sell recommendation module provides average expert sentiment on the projected Chemocentryx target price to derive its highest and lowest estimates based on projected price volatility of 27.84. Continue to Macroaxis Advice on Chemocentryx to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  

Chemocentryx Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Chemocentryx target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts performance other than comparing it to the past results via a very sophisticated attribution analysis. Chemocentryx target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
Number of Opinions6
Lowered Outlook0
Raized Outlook0
Buy
Most Chemocentryx analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Chemocentryx stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Chemocentryx, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Chemocentryx Target Price Projection

Chemocentryx's current and average target prices are 51.85 and 75.33, respectively. The current price of Chemocentryx is the price at which Chemocentryx is currently trading. On the other hand, Chemocentryx's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Chemocentryx Market Quote on 7th of October 2022

Low Price51.83Odds
High Price51.87Odds

51.85

Target Price

Analyst Consensus On Chemocentryx Target Price

Low Estimate40.0Odds
High Estimate110.0Odds
Number of Analysts6
Standard Deviation27.84

75.333

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Chemocentryx and the information provided on this page.

Chemocentryx Analyst Ratings

Chemocentryx's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Chemocentryx stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Chemocentryx's financials, market performance, and future outlook by experienced professionals. Chemocentryx's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

About Chemocentryx Target Price Projections

Chemocentryx's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Chemocentryx and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Chemocentryx depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Chemocentryx including analysis of its current option contracts.
Chemocentryx's latest option contracts expiring on 2022-10-21 are carrying combined implied volatility of 9.56 with a put-to-call open interest ratio of 0.23 over 20 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2022-10-21. The current put volume is at 18, with calls trading at the volume of 6. This yields a 3.0 put-to-call volume ratio. The Chemocentryx option chain provides detailed quote and price information for the current Chemocentryx option contracts. It shows all of Chemocentryx's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-10-21 Option Contracts

Chemocentryx option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Chemocentryx's lending market. For example, when Chemocentryx's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Chemocentryx, he or she must hedge the risk by shorting Chemocentryx stock over its option's life.
The chart above shows Chemocentryx's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Chemocentryx's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Chemocentryx's option, there is no secondary market available for investors to trade.

Chemocentryx Maximum Pain Price across 2022-10-21 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Chemocentryx close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Chemocentryx's stock options are financial instruments that give investors the right to buy or sell shares of Chemocentryx common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Chemocentryx stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Chemocentryx's stock price goes up or down, the stock options follow.
Continue to Macroaxis Advice on Chemocentryx to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Chemocentryx Current Options Market Mood

Chemocentryx's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Chemocentryx Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Chemocentryx's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Chemocentryx's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Chemocentryx's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Additional Chemocentryx Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Chemocentryx is a key component of Chemocentryx valuation and have some predictive power on the future returns of a Chemocentryx.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chemocentryx's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Chemocentryx in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
38.2152.0465.87
Details
Intrinsic
Valuation
LowReal ValueHigh
44.5858.4172.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chemocentryx. Your research has to be compared to or analyzed against Chemocentryx's peers to derive any actionable benefits. When done correctly, Chemocentryx's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Chemocentryx.

Additional Chemocentryx Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Chemocentryx is a key component of Chemocentryx valuation and have some predictive power on the future returns of a Chemocentryx.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chemocentryx's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Chemocentryx in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
38.2152.0465.87
Details
Intrinsic
Valuation
LowReal ValueHigh
44.5858.4172.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chemocentryx. Your research has to be compared to or analyzed against Chemocentryx's peers to derive any actionable benefits. When done correctly, Chemocentryx's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Chemocentryx.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Management
Invested over 90 shares
Macroaxis Index
Invested over 90 shares
Continue to Macroaxis Advice on Chemocentryx to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

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The data published in Chemocentryx's official financial statements usually reflect Chemocentryx's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Chemocentryx. For example, before you start analyzing numbers published by Chemocentryx accountants, it's critical to develop an understanding of what Chemocentryx's liquidity, profitability, and earnings quality are in the context of the Healthcare space in which it operates.
Please note, the presentation of Chemocentryx's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Chemocentryx's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Chemocentryx's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Chemocentryx. Please utilize our Beneish M Score to check the likelihood of Chemocentryx's management to manipulate its earnings.