Press coverage about Synergy Pharmaceuticals (NASDAQ:SGYP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synergy Pharmaceuticals earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the biopharmaceutical company an impact score of 43.9675803366208 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Oppenheimer Cuts Sales Expectations for Synergy Pharmaceuticals (SGYP) Approaching 1Q18 Print; But Better Sales Growth Ahead? (smarteranalyst.com)
- -$0.16 EPS Expected for Synergy Pharmaceuticals (SGYP) This Quarter (americanbankingnews.com)
- Synergy Pharmaceuticals (SGYP) Given a $13.00 Price Target by Canaccord Genuity Analysts (americanbankingnews.com)
- Wavering Stocks – Synergy Pharmaceuticals Inc., NASDAQ: SGYP), China Finance Online Co. Limited, (NASDAQ: JRJC) (dailynysenews.com)
- Average True Range – A Volatility Indicator – Synergy Pharmaceuticals Inc. (NASDAQ:SGYP) (thestockgem.com)
Several equities research analysts recently issued reports on the company. Oppenheimer reissued a “hold” rating on shares of Synergy Pharmaceuticals in a research note on Thursday, March 1st. Zacks Investment Research lowered Synergy Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. BidaskClub lowered Synergy Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 6th. CIBC reissued a “market perform” rating on shares of Synergy Pharmaceuticals in a research note on Friday, January 5th. Finally, HC Wainwright reissued a “buy” rating and set a $7.00 price objective on shares of Synergy Pharmaceuticals in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.08.
SGYP stock traded up $0.03 during mid-day trading on Tuesday, hitting $1.80. 1,204,309 shares of the stock were exchanged, compared to its average volume of 5,455,883. The company has a quick ratio of 3.88, a current ratio of 4.33 and a debt-to-equity ratio of -21.05. Synergy Pharmaceuticals has a 12 month low of $1.68 and a 12 month high of $4.84. The firm has a market cap of $446.45, a P/E ratio of -1.75 and a beta of 1.17.
Synergy Pharmaceuticals (NASDAQ:SGYP) last issued its quarterly earnings results on Thursday, March 1st. The biopharmaceutical company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.03. Synergy Pharmaceuticals had a negative return on equity of 652.66% and a negative net margin of 1,333.76%. The firm had revenue of $9.40 million during the quarter, compared to analyst estimates of $7.12 million. The business’s revenue for the quarter was up 840.0% on a year-over-year basis. research analysts expect that Synergy Pharmaceuticals will post -0.52 EPS for the current fiscal year.
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Synergy Pharmaceuticals Company Profile
Synergy Pharmaceuticals Inc is a biopharmaceutical company focused on the development and commercialization of gastrointestinal (GI) therapies. The Company’s product candidates include TRULANCE (plecanatide) and dolcanatide. The Company is engaged in the discovery, research and development efforts around analogs of uroguanylin for the treatment of GI diseases and disorders.
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