Senomyx Inc. (SNMX) Trading Up 3.4%
Senomyx Inc. (NASDAQ:SNMX) was up 3.4% during mid-day trading on Tuesday . The stock traded as high as $3.96 and last traded at $3.92, with a volume of 96,569 shares trading hands. The stock had previously closed at $3.79.
Separately, Zacks Investment Research upgraded shares of Senomyx from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Tuesday, May 10th.
The firm’s market cap is $180.84 million. The stock’s 50 day moving average is $2.88 and its 200 day moving average is $2.85.
Senomyx (NASDAQ:SNMX) last posted its earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The business had revenue of $6.60 million for the quarter, compared to the consensus estimate of $6.20 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) earnings per share. Equities research analysts anticipate that Senomyx Inc. will post ($0.25) earnings per share for the current fiscal year.
Senomyx, Inc is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Company operates through development and commercialization of flavor ingredients segment. It is engaged in the discovery, development and/or commercialization of flavor ingredients through over five programs.
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