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NGM Biopharmaceuticals (NGM) Soars: Stock Adds 7.8% in Session

Zacks Equity Research
·2 min read

NGM Biopharmaceuticals, Inc. NGM was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 53.9% in the past one-month time frame.

The company has seen three negative estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

NGM Biopharmaceuticals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

NGM Biopharmaceuticals, Inc. Price

NGM Biopharmaceuticals, Inc. Price
NGM Biopharmaceuticals, Inc. Price

NGM Biopharmaceuticals, Inc. price | NGM Biopharmaceuticals, Inc. Quote

A better-ranked stock in the Medical sector is Avenue Therapeutics Inc ATXI, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.

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