Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Eiger Biopharmaceuticals (EIGR) Share Price
News coverage about Eiger Biopharmaceuticals (NASDAQ:EIGR) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eiger Biopharmaceuticals earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the biotechnology company an impact score of 46.4842424626829 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Research Analysts Issue Forecasts for Eiger Biopharmaceuticals Inc’s Q1 2018 Earnings (EIGR) (americanbankingnews.com)
- Eiger Biopharmaceuticals (EIGR) to Release Earnings on Wednesday (americanbankingnews.com)
- Eiger Biopharmaceuticals (EIGR) Releases Earnings Results, Misses Estimates By $0.09 EPS (americanbankingnews.com)
- Eiger BioPharmaceuticals Reports Fourth Quarter and Full Year 2017 Financial Results – PR Newswire (press release) (prnewswire.com)
Eiger Biopharmaceuticals (NASDAQ EIGR) traded up $0.10 on Wednesday, reaching $9.50. 53,125 shares of the company traded hands, compared to its average volume of 171,697. The company has a market cap of $99.91, a PE ratio of -1.95 and a beta of 1.70. Eiger Biopharmaceuticals has a 1-year low of $6.10 and a 1-year high of $16.20. The company has a quick ratio of 5.78, a current ratio of 5.78 and a debt-to-equity ratio of 1.19.
EIGR has been the subject of several research analyst reports. ValuEngine raised shares of Eiger Biopharmaceuticals from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Ladenburg Thalmann Financial Services initiated coverage on shares of Eiger Biopharmaceuticals in a report on Wednesday, January 3rd. They issued a “buy” rating and a $32.00 price target for the company. Zacks Investment Research raised shares of Eiger Biopharmaceuticals from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, January 9th. Piper Jaffray Companies reissued an “overweight” rating and issued a $17.00 price target (down previously from $35.00) on shares of Eiger Biopharmaceuticals in a report on Tuesday, January 16th. Finally, Oppenheimer set a $26.00 price target on shares of Eiger Biopharmaceuticals and gave the company a “buy” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Eiger Biopharmaceuticals has an average rating of “Buy” and an average price target of $27.25.
About Eiger Biopharmaceuticals
Eiger BioPharmaceuticals, Inc, formerly Celladon Corporation, is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of products for the treatment of orphan diseases. Its pipeline includes Sarasar (lonafarnib) for hepatitis delta virus (HDV), exendin (9-39) for severe hypoglycemia, and Bestatin (ubenimex) for pulmonary arterial hypertension (PAH) and lymphedema.
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