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Flexion Therapeutics, Inc. (FLXN): Examining the Technicals
13 October 2017, 09:08 | Glen Norman
Edge Therapeutics, Inc. (EDGE) stock moved with shift of -3.99% in the past week. It is focused on the development and commercialization of injectable pain therapies. It is developing two additional product candidates, FX007 for post-operative pain and FX005 to treat end-stage OA patients.
Over the past year, the price of Flexion Therapeutics, Inc. Flexion Therapeutics (NASDAQ:FLXN) has a market cap of $834.16 Million and the number of outstanding shares have been calculated 31.83 Million. Needham & Company LLC reissued a "buy" rating and issued a $36.00 price objective (up previously from $34.00) on shares of Flexion Therapeutics in a research report on Thursday, August 10th. Analysts reported that the Price Target for Flexion Therapeutics, Inc. might touch $44 high while the Average Price Target and Low price Target is $38.89 and $35 respectively. Similarly, the company's Director Stejbach Mark on 2017-06-16 Buy 1580 shares of the company at a price of $17.02. This forecast is a point estimate that provides investors with a benchmark against which to directly compare stock price in the short run.Target prices made by analysts employed by large brokers, who have access to a greater resource pool, are more likely to be met over the 12-month forecast period.
Flexion Therapeutics, Inc. (FLXN) is expected to post revenue of $1.46 Million in the current quarter, according to consensus of 8 analysts. FLXN's latest closing price was 18.29% away from the average price of 200 days while it maintained a distance of 6.24% from the 50 Day Moving Average and -0.07% away compared to its SMA 20. BMO Capital Markets now has a $37.00 price objective on the specialty pharmaceutical company's stock, up from their prior price objective of $35.00. If the stock price is unchanged its weighted alpha will be smaller.
Shares of Flexion Therapeutics (NASDAQ:FLXN) now have an Average Brokerage Recommendation of 1.17, number of Recs in ABR is 6 while industry rank of the company by ABR is 162 out of 265. The company reported the earnings of $-0.91/Share in the last quarter where the estimated EPS by analysts was $-0.82/share. Flexion Therapeutics earned a media sentiment score of 0.03 on Alpha One's scale.
TRADEMARK VIOLATION WARNING: This story was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and global trademark and copyright law. Finally, ValuEngine upgraded shares of Flexion Therapeutics from a sell rating to a hold rating in a report on Wednesday, June 21st. The stock was acquired at an average price of $24.15 per share, with a total value of $72,450.00. Following the completion of the purchase, the insider now directly owns 5,000 shares of the company's stock, valued at $120,750. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, the shares of the company have changed 8.24% and performed -7.90% over the last six months.
Let's take a look at how the stock has been performing recently.
Among institutions that increased their positions, 20 were new positions. IFP Advisors Inc raised its holdings in shares of Flexion Therapeutics by 24.5% in the second quarter. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. Teachers Advisors LLC lifted its holdings in Flexion Therapeutics by 3.1% in the 1st quarter.
The Relative Volume of the company is 5.2 and Average Volume (3 months) is 840.03 million. Voya Investment Management LLC lifted its holdings in Flexion Therapeutics by 25.8% during the 2nd quarter.
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