Calyxt (CLXT) Earning Somewhat Favorable Press Coverage, Study Finds
Headlines about Calyxt (NASDAQ:CLXT) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Calyxt earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.6791265862684 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities analysts recently issued reports on CLXT shares. Jefferies Group LLC started coverage on shares of Calyxt in a report on Monday, August 14th. They set a “buy” rating and a $16.00 price objective on the stock. Citigroup Inc. initiated coverage on shares of Calyxt in a research note on Tuesday, August 15th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Wells Fargo & Company began coverage on shares of Calyxt in a research note on Monday, August 14th. They issued an “outperform” rating and a $17.00 target price for the company.
Calyxt (CLXT) opened at 26.00 on Wednesday. The firm has a 50-day moving average of $14.01 and a 200-day moving average of $15.40. The stock’s market cap is $509.60 million. Calyxt has a 12-month low of $9.26 and a 12-month high of $27.04.
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Calyxt, Inc is a food and agriculture company. The Company is focused on delivering healthier specialty food ingredients, such as healthier oils and high fiber wheat, for consumers and agriculturally advantageous crop traits, such as herbicide tolerance to farmers. The Company also combines gene-editing technology and technical that enables to edit a plant genome to elicit the desired traits and characteristics.
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