Zacks: Brokerages Set $4.75 Target Price for InVivo Therapeutics Hldg (NVIV)

Shares of InVivo Therapeutics Hldg (NASDAQ:NVIV) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a 12 month consensus price target of $4.75 for the company and are forecasting that the company will post ($0.13) EPS for the current quarter, according to Zacks. Zacks has also given InVivo Therapeutics an industry rank of 166 out of 265 based on the ratings given to related companies.

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NASDAQ NVIV opened at $0.50 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.44 and a current ratio of 4.44. InVivo Therapeutics has a 52 week low of $0.45 and a 52 week high of $4.30.

InVivo Therapeutics (NASDAQ:NVIV) last issued its quarterly earnings data on Monday, March 12th. The biotechnology company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.03. research analysts expect that InVivo Therapeutics will post -0.56 EPS for the current year.

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About InVivo Therapeutics

InVivo Therapeutics Holdings Corp., a research and clinical-stage biomaterials and biotechnology company, focus on developing and commercializing biopolymer scaffolding devices for the treatment of spinal cord injuries (SCI). It is developing Neuro-Spinal Scaffold implant, an investigational bioresorbable polymer scaffold for acute SCI; and Therapeutic Trails injection program for the treatment of chronic SCI.

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