Senomyx Inc. (SNMX) Trading Up 3.1%
Senomyx Inc. (NASDAQ:SNMX) was up 3.1% during trading on Wednesday . The company traded as high as $4.07 and last traded at $4.04, with a volume of 63,503 shares trading hands. The stock had previously closed at $3.92.
Separately, Zacks Investment Research upgraded Senomyx from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Tuesday, May 10th.
The stock’s market cap is $183.08 million. The stock has a 50 day moving average of $3.18 and a 200-day moving average of $2.90.
Senomyx (NASDAQ:SNMX) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. During the same quarter in the prior year, the company earned ($0.06) EPS. The company earned $6.60 million during the quarter, compared to analyst estimates of $6.20 million. The business’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts anticipate 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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