pSivida (PSDV) Trading Up 6.6%
Shares of pSivida Corp. (NASDAQ:PSDV) were up 6.6% during trading on Friday . The stock traded as high as $1.14 and last traded at $1.13. Approximately 888,161 shares were traded during trading, an increase of 74% from the average daily volume of 509,551 shares. The stock had previously closed at $1.06.
Several analysts have commented on PSDV shares. B. Riley set a $5.00 target price on shares of pSivida and gave the company a “buy” rating in a research report on Monday, December 4th. HC Wainwright reiterated a “buy” rating and set a $5.00 target price on shares of pSivida in a research report on Wednesday, November 8th. Laidlaw started coverage on shares of pSivida in a research report on Wednesday, November 8th. They set a “buy” rating and a $5.00 target price for the company. Northland Securities restated a “buy” rating and issued a $10.00 price objective on shares of pSivida in a research report on Monday. Finally, ValuEngine cut shares of pSivida from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $7.57.
pSivida (NASDAQ:PSDV) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.15) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.15). pSivida had a negative net margin of 226.31% and a negative return on equity of 139.56%. The business had revenue of $0.39 million during the quarter, compared to analysts’ expectations of $0.74 million. equities research analysts expect that pSivida Corp. will post -0.58 EPS for the current year.
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pSivida Corp. develops drug delivery products primarily for the treatment of chronic eye diseases. The Company operates through the biotechnology sector segment. The Company has developed three products for treatment of back-of-the-eye diseases, which include Medidur for posterior segment uveitis, its lead product candidate that is in pivotal Phase III clinical trials; ILUVIEN for diabetic macular edema (DME), its lead licensed product that is sold in the United States and European Union (EU) countries, and Retisert.
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