Bitcoin price today: slips to $117k from record peak; US inflation awaited
BioCryst (NASDAQ:BCRX) Pharmaceuticals BCRX shares rallied 21% in the last trading session to close at $12.92. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.6% gain over the past four weeks.
The increase in share price was in response to BioCryst Pharmaceuticals' better-than-expected sales results in the first-quarter of 2021. The company's loss per share of 36 cents was wider than the Zacks Consensus Estimate while revenue of $19 million surpassed the Zacks Consensus Estimate of $13 million.
The comapny's launch of Orladeyo , its oral, once-daily treatment for prevention of hereditary angioedema (HAE) attacks, has been quite successful. The drug recorded sales of $10.9 million in the first quarter. The company said that most of the revenue of Orladeyo came from new patients who switched to the drug from other medications or from acute-only treatment. The drug is now approved in the United States, Europe and Japan.
Price and Consensus
This drugmaker is expected to post quarterly loss of $0.26 per share in its upcoming report, which represents a year-over-year change of -8.3%. Revenues are expected to be $12.8 million, up 165.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For BioCryst, the consensus EPS estimate for the quarter has been revised 7.5% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on BCRX going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BioCryst Pharmaceuticals, Inc. (BCRX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Which stock should you buy in your very next trade?
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?
Unlock ProPicks AI