Could Today Be A Major Turning Point? – Endocyte, Inc. (ECYT), Depomed, Inc. (DEPO)

Endocyte, Inc. (NASDAQ:ECYT) recently ticked higher on weak volume. About 0.55 million contracts were traded on 28-Oct-17 compared to daily average volume of 3.02 million shares. The first sale was made at $4.3 but later the stock became weaker, and closed with a gain of 2.26%. It was last traded at $4.52 apiece.

Endocyte, Inc. (ECYT): Outperform Candidate With 54.87% Upside Potential

Endocyte, Inc. is maintained at an average outperform rating by 2 stock analysts, and there are at least 7.19% of shares outstanding that are currently legally short sold. The shares went up by 232.35% in value last month. Year-to-date it jumped 77.25%. Analysts are turning out to be more optimistic than before, with 1 of analysts who cover Endocyte, Inc. (NASDAQ:ECYT) advice adding it to buy candidate list. Wall Street experts also assign a $7 price target on Endocyte, Inc., pointing towards a 54.87% rally from current levels. The stock is trading for about -30.99% less than its 52-week high.

Endocyte, Inc. Reports -100% Sales Growth

Endocyte, Inc. (ECYT) revenue scored -100% growth from the previous quarter, coming up with $0.

ECYT Retreats -12.91% In A Week

This company shares (ECYT) so far managed to recover 286.32% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 10.32% while shortening the period to a week, volatility was 16.82%. The share price has yet to cross its 20 days moving average, floating at a distance of -4.46% and sits 66.9% higher versus its 50 days moving average. When looking at the past five sessions, the stock returned -12.91% losses and is up by 104.81% compared with its 200-day moving average of $2.19. Also, Endocyte, Inc. (ECYT) needs to expand a 58.04% increase it experienced over the past twelve months.

Depomed, Inc. (NASDAQ:DEPO) Consensus Call At 3

As regular trading ended, Depomed, Inc. (DEPO) stock brought in a -$0.16 drop to $4.88. The day started at a price of $5.04 but then traded as high as $5.09 before giving part of the gains back. As for this week, analysts appear content to stick with their bleak outlook with the consensus call at 3. Depomed, Inc. is given 0 buy-equivalent recommendations, 0 sells and 5 holds. The company shares sank -79.67% from their peak of $ 24.00 and now has a $317.49 million market value of equity.

Depomed, Inc. Could Grow 98.57% More

DEPO’s mean recommendation on Reuter’s scale presents no change from 3 thirty days ago to 3 now, which indicates a hold consensus from the analyst community. They see Depomed, Inc. (DEPO) price hitting a mean target of $9.69 a share, meaning the stock still has potential that could lift the price another 98.57% Also, the recent close suggests the stock is underpriced by 115.16% compared to the most bullish target.

Depomed, Inc. (DEPO) Returns -72.92% This Year

The company had seen its current volume reaching at 1.51 million shares in the last trade. That compares with the recent volume average of 1.65 million. At the close of regular trading, its last week’s stock price volatility was 5.58% which for the month reaches 4.52%. Depomed, Inc. dipped to as low as $4.77 throughout the day and has returned -72.92% in this year. At one point in the past year, the shares traded as low as $4.77 but has recovered -1.01% since then.

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