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YmAbs Therapeutics, Inc. (YMAB) Soars 5.2%: Is Further Upside Left in the Stock?
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YmAbs Therapeutics, Inc. (YMAB - Free Report) shares rallied 5.2% in the last trading session to close at $14.91. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 8.9% loss over the past four weeks.
The rise in share prices is attributable to investor expectations on the company’s marketed drugs and pipeline development. Earlier this week, Y-mAbs announced that it has submitted a regulatory application in Brazil seeking approval for its neuroblastoma drug Danyelza (naxitamab). The drug was approved by the FDA under accelerated pathway for treating relapsed or refractory high-risk neuroblastoma in individuals aged one year and older in 2020.
This company is expected to post quarterly loss of $0.69 per share in its upcoming report, which represents a year-over-year change of -4.6%. Revenues are expected to be $15.43 million, up 72% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For YmAbs Therapeutics, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on YMAB going forward to see if this recent jump can turn into more strength down the road.
YmAbs Therapeutics, Inc. is part of the Zacks Medical - Biomedical and Genetics industry. Exact Sciences (EXAS - Free Report) , another stock in the same industry, closed the last trading session 7.7% higher at $34.44. EXAS has returned -10.2% in the past month.
Exact Sciences' consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$1.09. Compared to the company's year-ago EPS, this represents a change of -12.4%. Exact Sciences currently boasts a Zacks Rank of #3 (Hold).
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YmAbs Therapeutics, Inc. (YMAB) Soars 5.2%: Is Further Upside Left in the Stock?
YmAbs Therapeutics, Inc. (YMAB - Free Report) shares rallied 5.2% in the last trading session to close at $14.91. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 8.9% loss over the past four weeks.
The rise in share prices is attributable to investor expectations on the company’s marketed drugs and pipeline development. Earlier this week, Y-mAbs announced that it has submitted a regulatory application in Brazil seeking approval for its neuroblastoma drug Danyelza (naxitamab). The drug was approved by the FDA under accelerated pathway for treating relapsed or refractory high-risk neuroblastoma in individuals aged one year and older in 2020.
This company is expected to post quarterly loss of $0.69 per share in its upcoming report, which represents a year-over-year change of -4.6%. Revenues are expected to be $15.43 million, up 72% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For YmAbs Therapeutics, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on YMAB going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
YmAbs Therapeutics, Inc. is part of the Zacks Medical - Biomedical and Genetics industry. Exact Sciences (EXAS - Free Report) , another stock in the same industry, closed the last trading session 7.7% higher at $34.44. EXAS has returned -10.2% in the past month.
Exact Sciences' consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$1.09. Compared to the company's year-ago EPS, this represents a change of -12.4%. Exact Sciences currently boasts a Zacks Rank of #3 (Hold).