U.S. Markets closed

Why CytomX Therapeutics (CTMX) Stock Might be a Great Pick

Zacks Equity Research

One stock that might be an intriguing choice for investors right now is CytomX Therapeutics, Inc. CTMX. This is because this security in the Medical - Biomedical and Genetics space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Medical - Biomedical and Genetics space as it currently has a Zacks Industry Rank of 15 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, CytomX Therapeutics is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

CytomX Therapeutics, Inc. Price and Consensus

CytomX Therapeutics, Inc. Price and Consensus

CytomX Therapeutics, Inc. price-consensus-chart | CytomX Therapeutics, Inc. Quote

In fact, over the past month, current quarter estimates have narrowed from a loss of 57 cents per share to a loss of 34 cents per share, while current year estimates have narrowed from a loss of $2.40 per share to a loss of $1.71 per share. This has helped CTMX to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider CytomX Therapeutics. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CytomX Therapeutics, Inc. (CTMX) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research