Senomyx (SNMX) : Average target price received by Senomyx (SNMX) is $5.13 with an expected standard deviation of $1.65. The most aggressive target on the stock is $7, whereas the most downbeat target is $4. 4 financial analysts are currently covering the stock.
Senomyx (SNMX) : 4 analysts are covering Senomyx (SNMX) and their average rating on the stock is 2.25, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Senomyx (SNMX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Senomyx (NASDAQ:SNMX): The stock opened at $4.24 on Thursday but the bulls could not build on the opening and the stock topped out at $4.38 for the day. The stock traded down to $4.11 during the day, due to lack of any buying support eventually closed down at $4.18 with a loss of -4.57% for the day. The stock had closed at $4.38 on the previous day. The total traded volume was 205,637 shares.
Senomyx, Inc. is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries to improve the nutritional profile of their products and generate cost of goods savings while maintaining or improving taste. The Company is engaged in the discovery, development and/or commercialization of flavor ingredients through five programs focused on sweet, savory, bitter, cooling and salt taste areas. It has developed taste receptor-based assays for use in its screening systems and to screen its compound libraries and identify potential flavor ingredients. It has identified S2383, a modifier of the sweetener sucralose; S6973 and S9632, two modifiers of sucrose, or common table sugar, and S617, a modifier of sucrose and high fructose corn syrup. It has also identified several sample classes of new cooling agents that demonstrate a taste proof-of-concept and display cooling properties.