Senomyx, Inc. (SNMX) Trading Up 8.7%
Senomyx, Inc. (NASDAQ:SNMX) was up 8.7% on Monday . The stock traded as high as $0.66 and last traded at $0.66. Approximately 560,254 shares were traded during trading, an increase of 253% from the average daily volume of 158,519 shares. The stock had previously closed at $0.61.
The firm has a 50-day moving average price of $0.63 and a 200 day moving average price of $0.81. The stock’s market capitalization is $31.31 million.
Senomyx (NASDAQ:SNMX) last announced its quarterly earnings results on Thursday, July 27th. The specialty chemicals company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.01. The business had revenue of $4.87 million for the quarter, compared to the consensus estimate of $4.60 million. Senomyx had a negative return on equity of 85.22% and a negative net margin of 63.38%. The business’s revenue was down 25.8% compared to the same quarter last year. During the same period last year, the business posted ($0.05) EPS. Equities research analysts anticipate that Senomyx, Inc. will post ($0.27) earnings per share for the current year.
A hedge fund recently raised its stake in Senomyx stock. Cowen Prime Services LLC raised its stake in Senomyx, Inc. (NASDAQ:SNMX) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 353,551 shares of the specialty chemicals company’s stock after purchasing an additional 8,200 shares during the period. Cowen Prime Services LLC owned 0.74% of Senomyx worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 28.86% of the stock is currently owned by institutional investors and hedge funds.
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Senomyx, Inc is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Company operates through development and commercialization of flavor ingredients segment. It is engaged in the discovery, development and/or commercialization of flavor ingredients through over five programs.
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