Inotek Pharmaceuticals Corporation (ITEK) Getting Somewhat Positive News Coverage, AlphaOne Reports
News articles about Inotek Pharmaceuticals Corporation (NASDAQ:ITEK) have trended somewhat positive recently, according to AlphaOne Sentiment Analysis. AlphaOne, a unit of Accern, rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Inotek Pharmaceuticals Corporation earned a news impact score of 0.21 on AlphaOne’s scale. AlphaOne also gave news stories about the biotechnology company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Alpha One’s scoring:
- Inotek Pharmaceuticals Corporation (ITEK) stock price is showing discouraging image with current unsupportive move … – Stocks Gallery (stocksgallery.com)
- Share Performance in View for Inotek Pharmaceuticals Corporation (NASDAQ:ITEK) – Jonesboro Recorder (jonesbororecorder.com)
- Inotek Pharmaceuticals Is A Strong Buy Before Phase II Data In July – Seeking Alpha (seekingalpha.com)
- The Inotek Pharmaceuticals Corp (ITEK) Earning Somewhat Favorable Press Coverage, AlphaOne Reports – BangaloreWeekly (bangaloreweekly.com)
A number of research analysts have issued reports on ITEK shares. Canaccord Genuity set a $3.00 target price on shares of Inotek Pharmaceuticals Corporation and gave the company a “buy” rating in a research note on Thursday, March 16th. HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of Inotek Pharmaceuticals Corporation in a research note on Friday, March 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.75.
Shares of Inotek Pharmaceuticals Corporation (ITEK) traded down 2.597% during mid-day trading on Friday, hitting $1.875. 401,967 shares of the stock were exchanged. The firm’s market cap is $50.60 million. Inotek Pharmaceuticals Corporation has a 1-year low of $1.50 and a 1-year high of $9.90. The company’s 50-day moving average is $1.80 and its 200-day moving average is $2.59.
Inotek Pharmaceuticals Corporation (NASDAQ:ITEK) last issued its quarterly earnings data on Wednesday, May 10th. The biotechnology company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by $0.01. Equities research analysts anticipate that Inotek Pharmaceuticals Corporation will post ($1.70) earnings per share for the current fiscal year.
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About Inotek Pharmaceuticals Corporation
Inotek Pharmaceuticals Corporation is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapies for glaucoma and other diseases of the eye. Its lead product candidate, trabodenoson, is a selective adenosine mimetic that the Company has designed to lower intraocular pressure (IOP) by restoring the eye’s natural pressure control mechanism.
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