SESEN BIO, INC. (SESN) Dips More Than Broader Markets: What You Should Know
SESEN BIO, INC. (SESN) closed the most recent trading day at $0.67, moving -1.59% from the previous trading session. This move lagged the S&P 500's daily loss of 1.13%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.18%.
Prior to today's trading, shares of the company had gained 5.2% over the past month. This has outpaced the Medical sector's loss of 4.89% and the S&P 500's loss of 7.59% in that time.
SESEN BIO, INC. will be looking to display strength as it nears its next earnings release. On that day, SESEN BIO, INC. is projected to report earnings of -$0.08 per share, which would represent a year-over-year decline of 300%.
Investors might also notice recent changes to analyst estimates for SESEN BIO, INC.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SESEN BIO, INC. is holding a Zacks Rank of #1 (Strong Buy) right now.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 85, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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