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Second Sight (EYES) Catches Eye: Stock Jumps 12.7%

Zacks Equity Research

Second Sight Medical Products, Inc. EYES was a big mover last session, as the company saw its shares rise nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.83 to $2.02 in the past one-month time frame.

The stock gained after the company announced its key milestones and achievements in 2017, which includes the first-in-human implant of the Orion and record number of Argus II Retinal Prosthesis Systems implants. The company expects the momentum to continue in 2018.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Second Sight currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Second Sight Medical Products, Inc. Price

Second Sight Medical Products, Inc. Price | Second Sight Medical Products, Inc. Quote

A better-ranked stock in the Medical – Instruments industry is IDEXX Laboratories, Inc.  IDXX, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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