Somewhat Favorable Press Coverage Somewhat Unlikely to Impact TRACON Pharmaceuticals (TCON) Share Price
News articles about TRACON Pharmaceuticals (NASDAQ:TCON) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news 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. TRACON Pharmaceuticals earned a news impact score of 0.17 on Accern’s scale. Accern also gave media stories about the biopharmaceutical company an impact score of 45.2838519309109 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Charming Facts By on Performance Level: TRACON Pharmaceuticals, Inc. (TCON) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- TRACON Pharmaceuticals, Inc. (TCON) Reaches $3.35 After 7.00% Up Move; Passport Capital Has Boosted Amazon … – Hill Country Times (hillcountrytimes.com)
- Critical Survey: TRACON Pharmaceuticals (TCON) vs. Its Rivals (americanbankingnews.com)
- $710,000.00 in Sales Expected for TRACON Pharmaceuticals Inc (TCON) This Quarter (americanbankingnews.com)
TRACON Pharmaceuticals (NASDAQ:TCON) remained flat at $$3.50 during trading on Thursday. 144,800 shares of the company traded hands, compared to its average volume of 238,700. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.80 and a quick ratio of 3.80. The firm has a market capitalization of $60.85 and a P/E ratio of -2.87. TRACON Pharmaceuticals has a 52 week low of $2.00 and a 52 week high of $5.70.
Separately, Zacks Investment Research cut shares of TRACON Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.
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TRACON Pharmaceuticals Company Profile
TRACON Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics for cancer, wet age-related macular degeneration (wet AMD) and fibrotic diseases. The Company’s research focuses on antibodies that bind to the endoglin receptor, which is essential to angiogenesis (the process of new blood vessel formation) and a contributor to fibrosis (tissue scarring).
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