Intra-Cellular Therapies (ITCI) Getting Positive Press Coverage, Report Finds
News articles about Intra-Cellular Therapies (NASDAQ:ITCI) have been trending positive on Tuesday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Intra-Cellular Therapies earned a news impact score of 0.30 on Accern’s scale. Accern also assigned news headlines about the biopharmaceutical company an impact score of 45.1062114979018 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
- Healthcare Stock in Buy Zone: Intra-Cellular Therapies, Inc. (ITCI) – Street Observer (press release) (streetobserver.com)
- 3 Reasons Why Intra-Cellular Therapies (ITCI) is a Great Momentum Stock (finance.yahoo.com)
- SunTrust Banks Equities Analysts Cut Earnings Estimates for Intra-Cellular Therapies Inc. (ITCI) (americanbankingnews.com)
- Intra-Cellular Therapies Inc. (ITCI) Upgraded to “Overweight” at Piper Jaffray Companies (americanbankingnews.com)
- Intra-Cellular Therapies, Inc. (ITCI) – Focus on Unusual Volume Activity – Wall Street Morning (wallstreetmorning.com)
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Intra-Cellular Therapies from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, May 16th. Piper Jaffray Companies upgraded Intra-Cellular Therapies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $14.00 to $33.00 in a research note on Thursday, September 7th. JMP Securities upgraded Intra-Cellular Therapies from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a research note on Thursday, August 24th. ValuEngine upgraded Intra-Cellular Therapies from a “strong sell” rating to a “sell” rating in a research note on Friday, August 18th. Finally, Cowen and Company restated an “outperform” rating and issued a $27.00 target price (up previously from $20.00) on shares of Intra-Cellular Therapies in a research note on Friday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.11.
Shares of Intra-Cellular Therapies (NASDAQ ITCI) opened at 20.90 on Tuesday. The stock has a 50 day moving average price of $13.70 and a 200-day moving average price of $12.79. Intra-Cellular Therapies has a 52 week low of $7.85 and a 52 week high of $45.20. The stock’s market cap is $907.56 million.
Intra-Cellular Therapies (NASDAQ:ITCI) last released its quarterly earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($0.41) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.74) by $0.33. Intra-Cellular Therapies had a negative return on equity of 27.92% and a negative net margin of 32,834.94%. The firm had revenue of $0.11 million for the quarter, compared to analyst estimates of $0.03 million. During the same quarter last year, the company posted ($0.71) earnings per share. The business’s revenue was down 52.2% on a year-over-year basis. Equities analysts predict that Intra-Cellular Therapies will post ($2.36) EPS for the current fiscal year.
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About Intra-Cellular Therapies
Intra-Cellular Therapies, Inc (ITI) is a biopharmaceutical company. The Company is focused on the discovery and clinical development of small molecule drugs that address underserved medical needs in neuropsychiatric and neurological disorders by targeting intracellular signaling mechanisms within the central nervous system (CNS).
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