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ChemoCentryx, Inc.NasdaqGS:CCXI Stock Report

Market Cap US$3.7b
Share Price
n/a
My Fair Value
n/a
1Y50.4%
7D0.1%
1D
Portfolio Value
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ChemoCentryx, Inc.

NasdaqGS:CCXI Stock Report

Market Cap: US$3.7b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

ChemoCentryx (CCXI) Stock Overview

ChemoCentryx, Inc., a biopharmaceutical company, focuses on the development and commercialization of new medications for inflammatory disorders, autoimmune diseases, and cancer in the United States. More details

CCXI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

CCXI Community Fair Values

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ChemoCentryx, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for ChemoCentryx
Historical stock prices
Current Share PriceUS$51.99
52 Week HighUS$52.00
52 Week LowUS$14.95
Beta1.23
1 Month Change0.41%
3 Month Change134.51%
1 Year Change50.39%
3 Year Change558.10%
5 Year Change642.71%
Change since IPO372.64%

Recent News & Updates

Seeking Alpha Oct 18

ChemoCentryx shareholders approve $4.7B merger with Amgen

ChemoCentryx shareholders have overwhelmingly approved Amgen's (NASDAQ:AMGN) $3.7B acquisition of the company. With the acquisition, Amgen (AMGN) gains access to Tavneos (avacopan), which is indicated for severe active anti-neutrophil cytoplasmic autoantibody (ANCA)-associated vasculitis, a group of rare diseases characterized by destruction and inflammation of small vessels. NASDAQ said ChemoCentryx's (NASDAQ:CCXI) anticipated last day of trading will be Oct. 19.
Seeking Alpha Aug 09

ChemoCentryx GAAP EPS of -$0.44 misses by $0.03, revenue of $11.76M misses by $9.89M

ChemoCentryx press release (NASDAQ:CCXI): Q2 GAAP EPS of -$0.44 misses by $0.03. Revenue of $11.76M (+553.3% Y/Y) misses by $9.89M. On August 3, 2022, the company entered into merger deal with Amgen under which Amgen will acquire the Company for $52.00 per share in cash, representing an enterprise value of approximately $3.7 billion. The transaction is subject to the company's stockholder approval, regulatory approvals and other customary closing conditions, and is expected to close in the fourth quarter of 2022. Also Read: Amgen posts 2Q beat, trims earnings guidance; new drugs outperform

Recent updates

Seeking Alpha Oct 18

ChemoCentryx shareholders approve $4.7B merger with Amgen

ChemoCentryx shareholders have overwhelmingly approved Amgen's (NASDAQ:AMGN) $3.7B acquisition of the company. With the acquisition, Amgen (AMGN) gains access to Tavneos (avacopan), which is indicated for severe active anti-neutrophil cytoplasmic autoantibody (ANCA)-associated vasculitis, a group of rare diseases characterized by destruction and inflammation of small vessels. NASDAQ said ChemoCentryx's (NASDAQ:CCXI) anticipated last day of trading will be Oct. 19.
Seeking Alpha Aug 09

ChemoCentryx GAAP EPS of -$0.44 misses by $0.03, revenue of $11.76M misses by $9.89M

ChemoCentryx press release (NASDAQ:CCXI): Q2 GAAP EPS of -$0.44 misses by $0.03. Revenue of $11.76M (+553.3% Y/Y) misses by $9.89M. On August 3, 2022, the company entered into merger deal with Amgen under which Amgen will acquire the Company for $52.00 per share in cash, representing an enterprise value of approximately $3.7 billion. The transaction is subject to the company's stockholder approval, regulatory approvals and other customary closing conditions, and is expected to close in the fourth quarter of 2022. Also Read: Amgen posts 2Q beat, trims earnings guidance; new drugs outperform
Seeking Alpha Jun 21

ChemoCentryx: Revisiting The Investment Case

Today, we revisit a biopharma concern called ChemoCentryx for the first time since late in 2021. The company is in the initial rollout of its primary product TAVNEOS, which is approved for one indication and in development for three other diseases. ChemoCentryx has a solid balance sheet and analyst firms are modeling explosive revenue growth ahead for the company. An investment analysis follows in the paragraphs below.
Analysis Article Jun 06

ChemoCentryx (NASDAQ:CCXI) Has Debt But No Earnings; Should You Worry?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha Mar 03

ChemoCentryx: Good Post-Approval Performance, But Needs More Time

CCXI got its first approval last October. Revenue and patient uptake has been good. A few more quarters will be needed to assess the company properly.
Analysis Article Feb 11

ChemoCentryx (NASDAQ:CCXI) Has Debt But No Earnings; Should You Worry?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jan 21

Analysts Are Betting On ChemoCentryx, Inc. (NASDAQ:CCXI) With A Big Upgrade This Week

Celebrations may be in order for ChemoCentryx, Inc. ( NASDAQ:CCXI ) shareholders, with the analysts delivering a...
Seeking Alpha Dec 15

Checking In On ChemoCentryx

Today, we put mid-cap biopharma name ChemoCentryx in the spotlight. The company's primary compound was recently approved for the treatment of vasculitis. A full investment analysis is presented in the paragraphs below.
Analysis Article Oct 09

Is ChemoCentryx (NASDAQ:CCXI) Using Debt In A Risky Way?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha Sep 29

ChemoCentryx: Make Or Break PDUFA Date For Avacopan May Not Go The Company's Way

ChemoCentryx is developing Avacopan - a C5 complement receptor inhibitor - for several autoimmune conditions. The company has an upcoming PDUFA date for Avacopan in ANCA vasculitis - the FDA will make its decision on whether to approve the drug on October 7th. The original date was July 2021 but the decision was delayed after ChemoCentryx provided additional data. An FDA Adcom was split over an approval verdict in May. ChemoCentryx stock traded at $68 prior to the Adcom and PDUFA date delay, based on a $1.9bn peak sales potential. Today, shares trade at $20. Avacopan won approval in Japan this week - an encouraging sign - but I suspect the FDA may reject the therapy this time around, and that ChemoCentryx market valuation will fall further as a result - it will be a marginal decision.
Seeking Alpha Aug 24

ChemoCentryx And Avacopan In ANCA-Associated Vasculitis: Making Amends

Most expected CCXI to have achieved regulatory approval for avacopan to treat ANCA-Associated Vasculitis on July 7, 2021. Regulatory review is ongoing with the PDUFA extended to Oct. 6, 2021, in response to new filing by CCXI which the FDA designated as a major amendment to the NDA. The good news is that CCXI has not been issued the dreaded complete response letter. The outcome of the PDUFA is dependent on a satisfactory rebuttal to the Adcom questions and comments. Read on for details on the potential regulatory review outcome.
Analysis Article Aug 11

Time To Worry? Analysts Just Downgraded Their ChemoCentryx, Inc. (NASDAQ:CCXI) Outlook

The latest analyst coverage could presage a bad day for ChemoCentryx, Inc. ( NASDAQ:CCXI ), with the analysts making...
Seeking Alpha Jul 25

ChemoCentryx: CRL Less Likely

In my previous coverage, I said many analysts including myself thought a CRL was likely for avacopan. However, the FDA has accepted an amendment to the NDA and given an October 7 PDUFA date. There are reasons to think the outcome may be positive.
Analysis Article Jul 11

ChemoCentryx, Inc.'s (NASDAQ:CCXI) Intrinsic Value Is Potentially 34% Above Its Share Price

Today we will run through one way of estimating the intrinsic value of ChemoCentryx, Inc. ( NASDAQ:CCXI ) by estimating...
Analysis Article Jun 15

ChemoCentryx (NASDAQ:CCXI) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Mar 03

When Will ChemoCentryx, Inc. (NASDAQ:CCXI) Become Profitable?

We feel now is a pretty good time to analyse ChemoCentryx, Inc.'s ( NASDAQ:CCXI ) business as it appears the company...
Analysis Article Feb 04

ChemoCentryx (NASDAQ:CCXI) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Dec 31

Have ChemoCentryx, Inc. (NASDAQ:CCXI) Insiders Been Selling Their Stock?

Some ChemoCentryx, Inc. ( NASDAQ:CCXI ) shareholders may be a little concerned to see that the Independent Director...
Analysis Article Dec 23

Analyst Forecasts Just Became More Bearish On ChemoCentryx, Inc. (NASDAQ:CCXI)

Today is shaping up negative for ChemoCentryx, Inc. ( NASDAQ:CCXI ) shareholders, with the analysts delivering a...
Analysis Article Dec 13

Did The Underlying Business Drive ChemoCentryx's (NASDAQ:CCXI) Lovely 934% Share Price Gain?

Investing can be hard but the potential fo an individual stock to pay off big time inspires us. But when you hold the...
Analysis Article Nov 22

Are Investors Undervaluing ChemoCentryx, Inc. (NASDAQ:CCXI) By 25%?

In this article we are going to estimate the intrinsic value of ChemoCentryx, Inc. (NASDAQ:CCXI) by taking the...

Shareholder Returns

CCXIUS BiotechsUS Market
7D0.1%4.0%-2.3%
1Y50.4%34.1%21.2%

Return vs Industry: CCXI exceeded the US Biotechs industry which returned -1.9% over the past year.

Return vs Market: CCXI exceeded the US Market which returned -19.8% over the past year.

Price Volatility

Is CCXI's price volatile compared to industry and market?
CCXI volatility
CCXI Average Weekly Movement31.3%
Biotechs Industry Average Movement10.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: CCXI's share price has been volatile over the past 3 months.

Volatility Over Time: CCXI's weekly volatility has increased from 18% to 31% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996178n/awww.chemocentryx.com

ChemoCentryx, Inc., a biopharmaceutical company, focuses on the development and commercialization of new medications for inflammatory disorders, autoimmune diseases, and cancer in the United States. It offers TAVNEOS (avacopan), an orally administered selective C5aR inhibitor for the treatment of adult patients with severe active anti-neutrophil cytoplasmic autoantibody-associated vasculitis. The company also develops TAVNEOS for the treatment of patients with severe hidradenitis suppurativa, as well as patients with complement 3 glomerulopathy, and lupus nephritis.

ChemoCentryx, Inc. Fundamentals Summary

How do ChemoCentryx's earnings and revenue compare to its market cap?
CCXI fundamental statistics
Market capUS$3.74b
Earnings (TTM)-US$133.09m
Revenue (TTM)US$37.28m
100.3x
P/S Ratio
-28.1x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CCXI income statement (TTM)
RevenueUS$37.28m
Cost of RevenueUS$71.86m
Gross Profit-US$34.58m
Other ExpensesUS$98.51m
Earnings-US$133.09m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.85
Gross Margin-92.76%
Net Profit Margin-357.01%
Debt/Equity Ratio10.5%

How did CCXI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/10/23 05:05
End of Day Share Price 2022/10/19 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ChemoCentryx, Inc. is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Madhu KumarB. Riley Securities, Inc.
Harshita PolishettyB. Riley Securities, Inc.
Dae Gon HaBTIG