Senomyx Inc. (SNMX) Sees Unusually-High Trading Volume
Senomyx Inc. (NASDAQ:SNMX) shares saw unusually-high trading volume on Friday . Approximately 318,326 shares changed hands during mid-day trading, an increase of 56% from the previous session’s volume of 203,702 shares.The stock last traded at $4.48 and had previously closed at $4.09.
Separately, Zacks Investment Research upgraded shares of Senomyx from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Tuesday, May 10th.
The company’s market capitalization is $201.43 million. The company has a 50 day moving average of $3.18 and a 200 day moving average of $2.90.
Senomyx (NASDAQ:SNMX) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. During the same quarter in the prior year, the company earned ($0.06) earnings per share. The company earned $6.60 million during the quarter, compared to analysts’ expectations of $6.20 million. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Senomyx Inc. will post ($0.25) earnings per share for the current 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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