NewLink Genetics Corp (NLNK) Sees Strong Trading Volume
NewLink Genetics Corp (NASDAQ:NLNK) saw strong trading volume on Monday . 441,000 shares were traded during trading, an increase of 96% from the previous session’s volume of 224,450 shares.The stock last traded at $9.91 and had previously closed at $10.31.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised NewLink Genetics Corp from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Tuesday, July 26th. Stifel Nicolaus reduced their target price on NewLink Genetics Corp from $63.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, May 10th. Robert W. Baird reaffirmed a “buy” rating on shares of NewLink Genetics Corp in a report on Monday, May 16th. Jefferies Group reaffirmed a “hold” rating and set a $10.00 target price on shares of NewLink Genetics Corp in a report on Wednesday, May 11th. Finally, SunTrust Banks Inc. downgraded NewLink Genetics Corp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $59.00 to $12.00 in a report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.29.
The stock has a 50 day moving average of $10.56 and a 200 day moving average of $14.03. The firm’s market capitalization is $287.08 million.
NewLink Genetics Corp (NASDAQ:NLNK) last released its earnings results on Friday, July 29th. The company reported ($1.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by $0.35. On average, analysts predict that NewLink Genetics Corp will post ($3.06) earnings per share for the current year.
NewLink Genetics Corporation is a biopharmaceutical company focused on discovering, developing and commercializing immunotherapeutic products for cancer treatment. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications. Its biologic product candidates are based on its HyperAcute immunotherapy technology platform, which is designed to stimulate the human immune system.
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