Shares of Tyme Technologies, Inc. (NASDAQ:TYME) have been given an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price target of $8.33 for the company and are predicting that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Tyme Technologies an industry rank of 169 out of 265 based on the ratings given to related companies.
Several research analysts recently issued reports on the stock. Canaccord Genuity assumed coverage on shares of Tyme Technologies in a report on Wednesday, January 3rd. They set a “buy” rating for the company. Evercore ISI assumed coverage on shares of Tyme Technologies in a report on Friday, November 17th. They set an “outperform” rating and a $7.00 price target for the company. BidaskClub raised shares of Tyme Technologies from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, HC Wainwright assumed coverage on shares of Tyme Technologies in a report on Friday, December 15th. They set a “buy” rating and a $8.00 price target for the company.
In related news, COO Michael Demurjian sold 50,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $3.34, for a total transaction of $167,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Tyme Technologies (NASDAQ:TYME) opened at $6.74 on Wednesday. The stock has a market cap of $618.99, a PE ratio of -39.65 and a beta of -0.01. Tyme Technologies has a 1-year low of $2.01 and a 1-year high of $9.50.
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About Tyme Technologies
Tyme Technologies, Inc is a clinical-stage biotechnology company. The Company is focused on developing cancer therapeutics that is intended to be broadly effective across tumor types and have low toxicity profiles. The Company’s therapeutic approach is designed to take advantage of a cancer cell’s innate metabolic weaknesses to compromise its defenses, leading to cell death through oxidative stress and exposure to the body’s natural immune system.
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