60.90 0.00 (0.00%)
After hours: 4:55PM EDT
|Bid||60.00 x 900|
|Ask||60.92 x 1000|
|Day's Range||60.45 - 64.51|
|52 Week Range||58.21 - 133.74|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The NASH liver disease treatment market is growing with biotech companies like Intercept and Genfit in late-stage tests. Experts say the market for a successful drug could be worth billions.
We're definitely into long term investing, but some companies are simply bad investments over any time frame. It hits...
The drugmaker reported strong sales growth for Ocaliva as it prepares to file for approval in what could be a blockbuster indication.
Intercept (ICPT) delivered earnings and revenue surprises of 9.16% and 12.21%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Intercept (ICPT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investing in biotech stocks can generate substantial returns. If data results meet key targets, or drug applications are accepted, share prices can soar. Unfortunately the reverse is also true. That means investors have to be particularly careful when it comes to biotech stocks. The following four stocks all show a Strong Buy Street consensus- based on ratings received over the last three months. They also boast significant upcoming catalysts this quarter- that could potentially send share prices soaring. Let’s take a closer look at each stock now: 1\. Intercept Pharmaceuticals (ICPT)Intercept Pharma is trying to help patients with progressive non-viral liver diseases. The company already has one drug on the market (for primary biliary cirrhosis), and recently released positive results from the Phase 3 REGENERATE trial in NASH Fibrosis. Nash is a chronic condition in which the buildup of fat and inflammation in the liver may eventually lead to severe scarring called fibrosis. It is currently the second leading cause of liver transplant in the US- making it a very lucrative opportunity for drug companies. Intercept has an early mover advantage here. The company plans to submit an NDA [new drug application] in 3Q19 and an MAA [marketing authorization application] in 4Q19. “Obeticholic Acid will likely be the first to market in NASH and is the only drug to have demonstrated a fibrosis benefit” cheers Needham analyst Alan Carr. “We acknowledge certain potential safety and tolerability limitations, but nevertheless expect the drug to have an important role in NASH therapy over the next several years” says the analyst. Overall the stock has a ‘Strong Buy’ Street consensus, with 5 recent buy ratings vs just 1 hold rating. Meanwhile the average analyst price target of $148 indicates huge upside potential of 113%. >>Click Here to see the full list of ICPT Analyst Ratings 2\. Rhythm Pharmaceuticals (RYTM)Rhythm is developing treatments for rare genetic deficiencies that result in life-threatening metabolic disorders. The big news here is that Rhythm is expected to announce results in 3Q19 from two Phase 3 trials of setmelanotide in POMC and LEPR Deficiency. There are currently no approved drugs for these diseases- and no other drugs in development.“We anticipate a positive outcome for both trials based on Phase 2 data demonstrating a profound and durable impact on appetite and weight” writes Carr. The analyst assumes US approval and launch in 4Q20 (EU 2021) and peak worldwide sales of around $265M in 2032.“Considering recent weakness, we believe the stock is attractive ahead of Phase 3 POMC and LEPR Deficiency trial results. We believe there is even more room for upside for the stock as the company completes label expansion trials in 2020+” enthuses Carr. Most notably label expansion Phase 3 trial in Bardet-Biedl/Alstrom Syndromes remains on track for results in 2H20. Success here adds another $485M in peak sales potential. “Additional patient populations under evaluation in a Phase 2 trial push peak sales above $1B” writes Carr. RYTM has four consecutive recent buy ratings from the Street, with an average price target of $40 (95% upside potential). >>Click Here to see the full list of RYTM Analyst Ratings 3\. Moderna Inc (MRNA)Moderna is hoping to create a new generation of transformative medicines for patients. The company’s approach is to use mRNA medicines to instruct a patient’s own cells to produce proteins that could prevent, treat, or cure disease. Encouragingly, all seven analysts covering MRNA rate the stock a buy- so no hold or sell ratings here. “We expect Moderna to provide updates on Cytomegalovirus (CMV), Chikungunya, and Methylmalonic Acidemia (MMA) programs by YE19” writes the analyst.While the commercial opportunity in Chikungunya is modest, he believes PK/PD data from the Phase 1 trial will provide valuable insight into the overall predictability of several other mRNA drugs in development at the company.“The stock has fallen substantially from its peak in May 2019. We believe there is an opportunity for upside in 2H19 as the company announces data from the above CMV, Chikungunya, and MMA programs” Carr concludes. Indeed, the Street’s $30 average price target suggests share prices can double in the coming months. >>Click Here to see the full list of MRNA Analyst Ratings 4\. Cara Therapeutics (CARA)Cara Therapeutics has surged 30% in last the three months. In May the company announced positive results from the first of two Phase 3 trials of IV Korsuva in Chronic Kidney Disease (CKD) dialysis patients with pruritus. Pruritus refers to the severe itching of the skin, a common and distressing symptom for patients with chronic kidney disease. Cara Therapeutics CEO Derek Chalmers noted at the time that the company was "particularly encouraged by the early [anti-itching] response with Korsuva injection." Now investors are keeping a close eye on results from the second trial (KALM-2) and from a Phase 2 trial of oral Korsuva in non-dialysis patients with CKD pruritus- both expected in 2H19. “We anticipate a positive outcome for both trials” comments Carr, adding that the recent results point to a favorable outcome for the KALM-2 trial. “We believe the outcome is also a positive indicator for the oral Korsuva programs in CKD pruritus, Liver Disease pruritus, and Atopic Dermatitis, all of which have large commercial opportunities.”Bottom line: “The stock is substantially undervalued.” All six analysts polled are bullish on CARA right now. Meanwhile the average analyst price target stands at $33 (30% upside potential). >>Click Here to see the full list of CARA Analyst RatingsDiscover the latest ratings from top analysts in any sector you choose
How far off is Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) from its intrinsic value? Using the most recent financial...
Intercept Pharmaceuticals Inc NASDAQ/NGS:ICPTView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and declining * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NeutralShort interest is moderately high for ICPT with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 14. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding ICPT are favorable, with net inflows of $3.04 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
ContraVir Pharmaceuticals Inc (NASDAQ: CTRV ) shares were rallying Monday on positive news related to its non-alcoholic steatohepatitis, or NASH, drug. ContraVir, which came under pressure Friday following ...
Intercept Pharmaceuticals (ICPT) closed at $80.99 on June 12, 0.90% higher than its previous close, 10.93% above its 52-week low of $73.01, and 39.44% below its 52-week high of $133.74.
"The end to the U.S. Government shutdown, reports of progress on China-U.S. trade talks, and the Federal Reserve’s confirmation that it did not plan further interest rate hikes in 2019 allayed investor fears and drove U.S. markets substantially higher in the first quarter of the year. Global markets followed suit pretty much across the board […]
Shares of CymaBay Therapeutics Inc. plummeted 43% in premarket trade Tuesday after the biotech said data from an ongoing Phase 2 trial showed patients with nonalcoholic steatohepatitis (NASH) who were treated with investigational drug seladelpar did not show significant reductions in liver fat when compared with those on a placebo. However, treatment with seladelpar did result in a reduction in biomarkers associated with liver injury, the company said. "While the reductions in liver fat were minimal, we remain encouraged by the significant improvements in biochemical markers of liver injury that we observed at week 12," said Pol Boudes, CymaBay's chief medical officer. "The 52-week liver biopsy data will allow us to understand whether the improvement in liver injury markers will translate into histological improvement. The observed improvement in markers of liver injury are consistent with the observed effects of seladelpar in PBC and further support the potential for seladelpar to improve liver health." In NASH, fat builds up in the liver, triggering inflammation and cell injury that can lead to serious complications like cirrhosis, or liver scarring. There have been several trial updates in the NASH space so far this year from companies like Gilead Sciences Inc. and Intercept Pharmaceuticals Inc. , but they have not been promising, according to Jefferies health desk trader Jared Holz. "Investors have not been impressed with current data," he wrote in a note to clients Tuesday morning. Shares of CymaBay Therapeutics Inc. have gained 41% in the year to date through Monday, while the S&P 500 has gained 15%.
Biotech stocks Intercept Pharmaceuticals and Madrigal Pharmaceuticals were hit Thursday after the Food and Drug Administration cast doubt on a method of evaluating some liver disease drugs.
Shares of the nano-cap, thinly traded biotech ContraVir Pharmaceuticals Inc (NASDAQ: CTRV ) were trading nearly 150-percent higher Thursday. What Happened ContraVir, which focuses on therapies for liver ...
After a white-hot start to 2019, it has been a wild ride for investors. As the war of words has progressed in the trade battle between China and the U.S., price volatility has been on the rise. Investors tend to shy away from volatility, which is a word that generally is only mentioned when prices are moving lower. In fact, the CBOE Volatility Index (VIX) is often referred to as the "fear gauge."However, seasoned investors realize that volatility can be your friend. "When you put it all together, this is a healthy time to come into the market for the long term," said Thorne Perkin, president of Papamarkou Wellner Asset Management, to CNBC on May 16. "We always look at these pullbacks as buying opportunities for the long term." * 7 Stocks to Sell Amid an Escalating Trade War In short, attractive investments are out there if you're willing to dig a little deeper. Here are seven stocks primed to take off. I sourced these companies by looking for stocks with a bullish "strong buy" Street consensus on TipRanks. That's based on all ratings received in the last three months. Plus I also ensured that the average analyst price target indicates attractive upside potential from current levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith that in mind, let's dive in now: Stocks to Buy: Health Insurance Innovations (HIIQ)Health Insurance Innovations (NASDAQ:HIIQ) is a leading developer of affordable, web-based individual health insurance plans. According to the Street, this is a company with huge upside potential."We believe that HIIQ is well-positioned to benefit from increasing demand for short-term medical products. We expect top-line growth of 24% in 2019 and 3-15% annual top-line growth for the rest of our explicit forecast" reveals Cantor Fitzgerald's Steven Halper. "HIIQ shares remain inexpensive, in our opinion, as they trade below our DCF-based price target of $75."Given the current sub-$25 share price, this translates into 200% upside potential! And before you dismiss this, note that Halper ranks No. 129 out of over 5,000 analysts for his strong stock picking skills.The analyst adds "We reiterate our view that concerns regarding HIIQ's exposure to FTC lawsuit against Simple Health are entirely overblown." This is regarding the dispute between the FTC and one of the company's former distributors, Simple Health. However a recent disclosure shows that HIIQ is not a defendant or party in the case and is in regular dialogue with the FTC. "This disclosure, in our view, should put to bed any lingering concerns regarding HIIQ's exposure to Simple Health" says Halper.Raymond James analyst Randy Binner echoes this message -- he believes the resolution of the matter will be positive for shares. Indeed, HIIQ boasts seven recent buy ratings from the Street. Its average analyst price target stands at $65 (160% upside potential). Interested in Health Insurance stock? Get the HIIQ Stock Research Report. Wabtec Corp (WAB)Welcome to our second pick, Wabtec Corporation (NYSE:WAB) -- an under-the-radar stock poised to outperform. Wabtec is one of the world's largest providers of tech components and services for the rail industry. It has products on virtually all U.S. locomotives, freight cars and passenger transit vehicles, as well as in more than 100 other countries.That means the stock is perfectly positioned to benefit from the accelerating growth of global transit rail markets -- especially following the transformative $11 billion GE Transportation merger."We see Wabtec as the number one rail automation play" cheers Cowen & Co's Matt Elkott. "WAB pays a dividend and is well positioned for organic and external growth. This deep value, income and growth trifecta should appeal to new long-term investors" cheers Elkott. * 7 Stocks to Buy for June He reiterated his WAB buy rating on May 22 with a $92 price target. That indicates sizable upside potential of over 40%. "WAB now trades at ~11x adjusted 2020E EPS, almost half the multiple of its closest comp KBX, a discount unwarranted by fundamentals" the analyst tells investors. Note that the Street shares this perspective. Although only three analysts cover WAB, all three rate the stock a "buy." Get the WAB Stock Research Report. Amazon (AMZN)This list also includes one of my favorite FAANG stocks -- Amazon (NASDAQ:AMZN). Amazon has everything going for it right now. Despite a 7% pullback in the last month, shares are still up 23% so far this year. And plenty of upside potential lies ahead. According to Piper Jaffray analyst Michael Olson, AMZN stock is on track for some impressive share gains. Even better, these gains are possible without much "extra' work from Amazon:"We believe AMZN shares will reach $3,000 by sometime between mid-'21 and mid-'22 or within 24-36 months," Olson calculated. This equates to a rally of about 65% from current levels. "We have a high degree of confidence that AMZN shares can reach this level with no major acquisitions or other significant changes to the business.""Adjusting for the value of the AWS segment and Advertising (within "Other"), the company's core retail segment is trading at a level that implies that business is valued below a traditional brick & mortar multiple of sales," he explained. A potential Amazon Web Services spin off would also highlight the "relatively low valuation of the other segments," the Top 100 analyst added.With 35 "buy" ratings in the last three months, Amazon has a full show of support from the Street right now. Meanwhile the average analyst price target of $2,230 indicates upside potential of 23%. Get the AMZN Stock Research Report. Intercept Pharma (ICPT)Biopharma Intercept Pharmaceuticals Inc (NASDAQ:ICPT) is one of the best-rated healthcare stocks right now, according to TipRanks. This is a company developing chronic liver disease treatments using its special bile acid chemistry. Its lead product candidate, obeticholic acid, or OCA, is a bile acid analog already approved for primary biliary cirrhosis (PBC).Crucially, the drug is now also in development for non-alcoholic steatohepatitis (NASH) and primary sclerosing cholangitis (PSC). According to Reports and Data, the global NASH market is expected to reach $13.38 billion by 2026. In short, we are looking at a very lucrative opportunity for drug companies.RBC Capital's Brian Abrahams has a buy rating on ICPT with a $143 price target (69% upside potential). Abrahams calculates the current PBC indication has $400M potential, but that approval of OCA for NASH could create a significant additional $2.5 billion-plus opportunity. "We believe that OCA's efficacy profile is supportive of approval" says the analyst."With stable growth in PBC, a high likelihood of first-to-market approval in large NASH market with meaningful effect on fibrosis, and enthusiasm among physicians, we believe shares currently underappreciate OCA's peak revenue potential" the analyst writes. * 7 Utility Stocks to Trust for Retirement What's more, he draws parallels between Intercept and InterMune, which Roche ultimately acquired for $8.3 billion. "While we acknowledge it is not a perfect apples-to-apples comparison, we believe the similarities do further highlight the significant valuation disconnect for ICPT" says Abrahams. Out of the 11 analysts polled, 10 rate ICPT a "buy." And their $165 average analyst price target suggests even greater upside potential of 96%. Get the ICPT Stock Research Report. Aphria (APHA)If you are looking for a marijuana stock with plenty of growth potential, look no further. Low-cost Canadian cannabis producer Aphria (NYSE:APHA) has only buy ratings from the Street. Their average analyst price target of $11 indicates shares can spike 60% from current levels. That's on top of the 11% growth already experienced year-to-date.Jefferies' analyst Owen Bennett has just initiated coverage of APHA stock. His bullish review of the stock sent shares soaring 8%. "On our strategic scorecard Aphria scores highly, and third overall behind only Canopy and Aurora," Bennett told investors. "Despite its strong global outlook, its valuation is the cheapest across our space, with allegations around inflated assets/insider deals weighing."The company suffered a disastrous 2018, featuring a hostile takeover attempt, the exit of its CEO and allegations from a short-seller that insiders profited from acquiring international businesses at highly inflated prices. However a special board committee found that the price paid for businesses in Latin America was acceptable. And with chairman Irwin Simon now acting as interim CEO, this cannabis stock is ready to rebound. "With these issues now seemingly cleared up, as the company continues to execute, and with likely positive developments on U.S. optionality/Canadian derivatives, we see significant re-rating" says Bennett.Intriguingly, the analyst also adds: "In Canadian derivatives we think there's a good possibility of a vapor partnership with Pax." Bennett has an $11.14 price target on APHA stock. Get the APHA Stock Research Report. Alibaba (BABA)Chinese e-commerce giant Alibaba (NYSE:BABA) has taken a bit of a hit recently. Shares are down 19% over the last month. But that just means we are looking at more compelling upside potential of 40%. That's based on the stock's 16 recent back-to-back buy ratings and bullish $217 average price target.Five-star Stifel Nicolaus analyst Scott Devitt has just reiterated his BABA buy rating. But even more promisingly, he has now added Alibaba to the firm's elite 'Select List' of favorite stock ideas. "We continue to like Alibaba as a leading global eCommerce company that holds a dominant market share in China online shopping and operates an efficient, commission/ advertising model in its core marketplace businesses, Tmall and Taobao" explains Devitt. He has a $220 price target on shares (45% upside potential).For investors concerned about U.S.-China tensions, you can breathe easy. According to Devitt, Alibaba has "limited exposure" to the ongoing trade war. Luckily, cross-border business between the U.S. and China is a relatively small component of total company revenue. And long-term trends like the growing middle class and an increasingly services-based economy are more important to Alibaba's growth trajectory, says the analyst. * 5 Safe Stocks to Buy This Summer Additionally, as Joe Tsai pointed out, Alibaba is on the right side of the issues surrounding the trade conflict, such as China becoming more open to foreign businesses, intellectual property protection and the shift towards digitization. Get the BABA Stock Research Report. Verint (VRNT)Verint Systems (NASDAQ:VRNT) is a software stock specializing in customer engagement technology. Unfortunately for Verint, a bear report has just sent shares spiraling 8%. Bad news for Verint, but good news for us. Bear in mind, on a year-to-date basis, shares are still up 34%.Short seller Spruce Point Capital claims the company is using M&A to hide low organic growth. Verint has already released its own counter-statement saying "We stand by … the recently provided long-term organic growth targets for revenue and margin expansion."Analysts are providing further support to VRNT's statement. This is a company with 100% buy ratings from top-performing analysts. That means no hold or sell ratings in the last three months. One of the analysts is Wedbush's Daniel Ives. He calls the selloff "pure noise" and writes "we strongly disagree with all the issues raised [in the report].""As we have seen the company emerge from the post Comverse dark days into a $1 billion+ revenue thriving company today and successfully beating the Street's forecasts for the last 6-8 quarters, it is NOT a surprise that now some of the bears will come out of hibernation mode and try to poke holes in the company's emerging success story" Ives tells investors.He believes we now have a "golden buying opportunity" to own this secular growth name that "is still in the early innings of penetrating its installed base with a holistic cloud strategy." According to Ives, another guidance raise for the year is likely. Get the VRNT Stock Research Report.TipRanks.com offers exclusive insights for investors by focusing on the moves of experts. See what the experts are saying about your stocks now at TipRanks.com. As of this writing, Harriet Lefton did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Amid an Escalating Trade War * 5 REITs to Buy While They're Dirt Cheap * The Only 3 Marijuana Stocks You Need to Own Compare Brokers The post 7 Stocks to Buy for Monster Growth appeared first on InvestorPlace.