Aziyo Biologics, Inc. (AZYO) Soars 11.7%: Is Further Upside Left in the Stock?
Aziyo Biologics, Inc. (AZYO) shares rallied 11.7% in the last trading session to close at $7.82. 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 0.7% gain over the past four weeks.
The stock price surge can be attributed to the investor’s positive outlook on the recent appointment of David Colpman to Aziyo’s board of directors and audit committee, effective October 20, 2022. David Colpman, an industry veteran is anticipated to bring in deeper industry insights and business development experience, which will help Aziyo fulfill its near-term priorities.
This company is expected to post quarterly loss of $0.66 per share in its upcoming report, which represents a year-over-year change of +18.5%. Revenues are expected to be $12.2 million, up 6.2% 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 Aziyo Biologics, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AZYO 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 >>>>
Aziyo Biologics, Inc. is part of the Zacks Medical - Drugs industry. Karyopharm Therapeutics (KPTI), another stock in the same industry, closed the last trading session 1.1% lower at $4.50. KPTI has returned 3.4% in the past month.
Karyopharm Therapeutics' consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.56. Compared to the company's year-ago EPS, this represents a change of +18.8%. Karyopharm Therapeutics currently boasts a Zacks Rank of #3 (Hold).
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