Economy

Genocea Biosciences, Inc. (NASDAQ:GNCA) Stock - Is it Oversold?

Genocea Biosciences, Inc. (NASDAQ:GNCA) Stock - Is it Oversold?”

The mean target price as estimated by the analysts for the company has been recorded at $21.25.

The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. Some investors may only focus on the fundamentals of a company and completely ignore the technicals.

Traders will often use multiple moving averages to analyze a single security. Currently, Genocea Biosciences has an average volume of 499K. It has outperformed by 50.52% the S&P500.

Analysts expect Genocea Biosciences Inc (NASDAQ:GNCA) to report $-0.51 EPS on November, 2.They anticipate $0.06 EPS change or 13.33 % from last quarter's $-0.45 EPS. Genocea Biosciences, Inc. (GNCA) recently closed with rise of 4.23% to its 20-Day Simple Moving Average. Zacks Investment Research raised Genocea Biosciences from a "sell" rating to a "hold" rating in a report on Thursday, August 17th. Therefore 100% are positive. The rating was maintained by Needham on Tuesday, August 11 with "Buy". A sell rating on the other hand would be a recommendation to sell the security if now held, and avoid purchasing it on the open market. Genocea Biosciences has a average recommendation of "Buy" and an average price target of $10.23. The company presently has an average rating of "Buy" and an average target price of $14.52. The firm earned "Buy" rating on Tuesday, October 20 by Needham. As per Wednesday, August 9, the company rating was maintained by Cowen & Co. The firm has "Overweight" rating by PiperJaffray given on Thursday, September 29. Needham & Company LLC upgraded Genocea Biosciences from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Monday, July 24th.

NASDAQ:GNCA) has reached an oversold level with an RSI (14) at 14.79.

Analysts recommendation for Genocea Biosciences, Inc.

More notable recent Genocea Biosciences Inc (NASDAQ:GNCA) news were published by: Streetinsider.com which released: "Genocea Biosciences (GNCA) Announces Positive Top-Line 12-Month Phase 2b Data ..." on July 24, 2017, also Reuters.com with their article: "BRIEF-Genocea announces strategic shift to immuno-oncology and the development ..." published on September 25, 2017, Marketwatch.com published: "Genocea shares almost halved on shift in drug development, layoffs" on September 25, 2017. Finally, Stifel Nicolaus cut shares of Genocea Biosciences from a "buy" rating to a "hold" rating and dropped their price target for the company from $15.00 to $2.50 in a research note on Monday.

Genocea Biosciences is a biopharmaceutical company developing T cell-directed vaccines and immunotherapies to treat infectious diseases and cancer. Dealing with market volatility is normal, but exploring all aspects of a company may be a good way to combat day to day volatility. The company uses its proprietary ATLAS™ antigen identification platform to build a pipeline of immunotherapies that now includes GEN-003, an immunotherapy for genital herpes, and GEN-009, its first neoantigen cancer vaccine, for which an Investigational New Drug application filing is expected by the end of 2017. It now has negative earnings.

Monday evening turned out to be a nightmare for Genocea Biosciences Inc (NASDAQ:GNCA) investors, after the drug maker announced that it has decided not to continue development of genital herpes treatment GEN-003, shifting to immuno-oncology and focusing on the development of neoantigen cancer vaccines.



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