Synergy Pharmaceuticals Inc. (SGYP) Sees Strong Trading Volume
Synergy Pharmaceuticals Inc. (NASDAQ:SGYP) shares saw unusually-strong trading volume on Monday . Approximately 4,150,568 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 2,469,988 shares.The stock last traded at $5.05 and had previously closed at $4.99.
A number of equities analysts recently commented on SGYP shares. Rodman & Renshaw reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Synergy Pharmaceuticals in a research note on Thursday, April 21st. Roth Capital reaffirmed a “buy” rating on shares of Synergy Pharmaceuticals in a research note on Monday, May 9th. BTIG Research reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Synergy Pharmaceuticals in a research note on Tuesday, April 19th. Canaccord Genuity reissued a “buy” rating and set a $13.00 target price on shares of Synergy Pharmaceuticals in a research note on Monday, May 23rd. Finally, Zacks Investment Research raised shares of Synergy Pharmaceuticals from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Monday, May 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Synergy Pharmaceuticals presently has a consensus rating of “Buy” and an average target price of $10.37.
The firm’s market cap is $908.00 million. The firm’s 50-day moving average price is $4.10 and its 200-day moving average price is $3.56.
Synergy Pharmaceuticals (NASDAQ:SGYP) last announced its quarterly earnings results on Monday, August 8th. The biopharmaceutical company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.03. Analysts forecast that Synergy Pharmaceuticals Inc. will post ($1.03) earnings per share for the current fiscal year.
Synergy Pharmaceuticals Inc (Synergy) is a biopharmaceutical company focused on the development and commercialization of gastrointestinal (GI) therapies. The Company’s GI platform includes two lead product candidates: plecanatide and dolcanatide. It is engaged in the discovery, research and development involving uroguanylin analogs for the treatment of functional GI disorders and inflammatory bowel disease.
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