Zogenix, Inc. (NASDAQ:ZGNX) at 'Overbought' According to the RSI

Zogenix, Inc. (NASDAQ:ZGNX) at 'Overbought' According to the RSI”

Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. The average 12 month price objective among analysts that have covered the stock in the previous year is $32.00. For ZGNX, the company now has $65.76 Million of cash on the books, which is offset by $6.84 Million current liabilities. Finally, Mizuho initiated coverage on shares of Zogenix in a research report on Wednesday, September 6th.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $24.67 on the stock, this valuation is based on 3 number of opinions. BidaskClub lowered Zogenix from a "buy" rating to a "hold" rating in a report on Friday, July 28th. Stifel Nicolaus restated a "buy" rating and set a $26.00 price objective on shares of Zogenix in a report on Monday, June 26th.

Several large investors have recently made changes to their positions in ZGNX. In a note published on Monday, 2 October, Leerink Swann reaffirmed their "Outperform" rating on shares of ZGNX. On a monthly basis the stock is 198.30%.

The company's quick ratio for most recent quarter is 3.5 along with current ratio for most recent quarter of 3.6. Bank of New York Mellon Corp now owns 103,459 shares of the company's stock worth $1,123,000 after purchasing an additional 4,583 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Zogenix by 43.6% in the first quarter.

Zogenix, Inc. (NASDAQ:ZGNX) at 'Overbought' According to the RSI

Zogenix, Inc. (NASDAQ:ZGNX) shares have traded 143.40% for the week and are 188.48% for the year. The insider now holds 5,000 shares of Zogenix, Inc. Closing price generally refers to the last price at which a stock trades during a regular trading session. Nationwide Fund Advisors raised its stake in shares of Zogenix by 29.5% during the 1st quarter.

The company now has an insider ownership of 9.27 Percent and Institutional ownership of 90.1 Percent. If you are accessing this piece on another website, it was illegally copied and republished in violation of US and worldwide trademark & copyright law. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & worldwide copyright legislation. (NASDAQ:ZGNX) rating on Thursday, September 17.

The financial company has just set a TP of $50 on Zogenix (NASDAQ:ZGNX) shares. The company operates in the Healthcare sector with a market capitalization of 319660. The stock is trading $13.37 its 50-day moving average by -21.68%. Leerink Swann maintained the shares of ZGNX in report on Tuesday, August 11 with "Outperform" rating. "(ZGNX) Issued By William Blair" was reported by Week Herald and is the property of of Week Herald. Next quarter's EPS is expected be $-0.93 and the next full year EPS is anticipated to be $-3.56. Zogenix had a negative return on equity of 70.75% and a negative net margin of 309.76%. During the same quarter in the prior year, the business earned ($0.76) earnings per share.

Zogenix, Inc. (NASDAQ:ZGNX) reported its EPS in the last quarter as $-0.93/Share lagging the analyst estimate of $-0.89/Share by a difference of $-0.04.

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