Synlogic (NASDAQ:SYBX) – Stock analysts at Wedbush issued their FY2022 earnings per share estimates for Synlogic in a research note issued to investors on Tuesday, March 13th, according to Zacks Investment Research. Wedbush analyst D. Nierengarten expects that the biotechnology company will post earnings per share of ($1.17) for the year.
A number of other equities analysts also recently issued reports on SYBX. HC Wainwright set a $20.00 target price on Synlogic and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research raised Synlogic from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Piper Jaffray started coverage on Synlogic in a research note on Monday, January 29th. They set an “overweight” rating and a $16.00 target price for the company. Finally, ValuEngine downgraded Synlogic from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.00.
SYBX traded up $0.52 on Thursday, hitting $9.70. 196,520 shares of the company traded hands, compared to its average volume of 91,541. The company has a quick ratio of 9.82, a current ratio of 9.82 and a debt-to-equity ratio of 0.01. The company has a market cap of $215.07, a PE ratio of -1.65 and a beta of 2.22. Synlogic has a 12-month low of $8.76 and a 12-month high of $23.00.
Synlogic (NASDAQ:SYBX) last posted its quarterly earnings data on Tuesday, March 20th. The biotechnology company reported ($0.74) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.81) by $0.07. The company had revenue of $0.11 million for the quarter, compared to analysts’ expectations of $0.11 million.
Several hedge funds have recently modified their holdings of SYBX. Artal Group S.A. acquired a new stake in shares of Synlogic in the 4th quarter worth approximately $5,335,000. Renaissance Technologies LLC acquired a new stake in shares of Synlogic in the 4th quarter worth approximately $191,000. Deutsche Bank AG grew its holdings in shares of Synlogic by 204.0% in the 4th quarter. Deutsche Bank AG now owns 19,672 shares of the biotechnology company’s stock worth $190,000 after acquiring an additional 13,200 shares during the period. Finally, Spark Investment Management LLC acquired a new stake in shares of Synlogic in the 4th quarter worth approximately $105,000. 48.97% of the stock is owned by institutional investors and hedge funds.
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Synlogic Company Profile
Synlogic, Inc develops synthetic biotic medicines for the treatment of patients with urea cycle disorder and phenylketonuria. The company is based in Cambridge, Massachusetts.
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