31-Jul-2026
Crinetics’ ACROBAT Advance Update: What Paltusotine’s Long-Term Data Means for CRNX Investors
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Crinetics Pharmaceuticals Inc is a commercial-stage pharmaceutical company focused on the discovery, development, and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumors. Its main product, Palsonify (paltusotine), is a once-daily, oral treatment approved by the FDA for adults with acromegaly who have had an inadequate response to surgery and/or for whom surgery is not an option. Additionally, the company's development pipeline includes several programs, including a late-stage investigational candidate, atumelnant, currently in development for CAH and ADCS, and CRN09682, a NDC candidate that is being developed to treat SST2-expressing NETs and other SST2-expressing solid tumors.
Crinetics Pharmaceuticals trades on the NASDAQ stock market under the symbol CRNX.
As of July 31, 2026, CRNX stock price declined to $83.52 with 1,741,915 million shares trading.
CRNX has a beta of 1.59, meaning it tends to be more sensitive to market movements. CRNX has a correlation of 0.05 to the broad based SPY ETF.
CRNX has a market cap of $8.84 billion. This is considered a Mid Cap stock.
Last quarter Crinetics Pharmaceuticals reported $10 million in Revenue and -$1.23 earnings per share. This beat revenue expectation by $2 million and met earnings estimates .
In the last 3 years, CRNX traded as high as $84.00 and as low as $15.76.
The top ETF exchange traded funds that CRNX belongs to (by Net Assets): IWM, VTI, VB, IWO, IBB.
CRNX has outperformed the market in the last year with a return of +192.1%, while the SPY ETF gained +19.4%. In the last 3 month period, CRNX beat the market returning +115.4%, while SPY returned +4.2%. However, in the most recent 2 weeks CRNX has underperformed the stock market by returning -0.4%, while SPY returned +0.5%.
CRNX support price is $81.60 and resistance is $85.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CRNX shares will trade within this expected range on the day.