Worth Watching: Could Senomyx Inc. Decline After Today’s Big Increase?


Worth Watching: Could Senomyx Inc. Decline After Today's Big Increase?

The stock of Senomyx Inc. (NASDAQ:SNMX) is a huge mover today! About 456,507 shares traded hands or 26.23% up from the average. Senomyx Inc. (NASDAQ:SNMX) has declined 3.55% since March 16, 2016 and is downtrending. It has underperformed by 9.09% the S&P500.
The move comes after 8 months positive chart setup for the $123.26M company. It was reported on Oct, 19 by Barchart.com. We have $4.39 PT which if reached, will make NASDAQ:SNMX worth $65.33M more.

Analysts await Senomyx Inc. (NASDAQ:SNMX) to report earnings on November, 3. They expect $-0.06 EPS, down 20.00% or $0.01 from last year’s $-0.05 per share. After $-0.05 actual EPS reported by Senomyx Inc. for the previous quarter, Wall Street now forecasts 20.00% negative EPS growth.

According to Zacks Investment Research, “Senomyx is using proprietary taste receptor technologies to discover and develop novel flavor ingredients. These include new flavors such as Savory Flavors and Cooling Flavors, as well as flavor modulators such as Bitter Blockers and enhancers of Sweet and Salt tastes. Senomyx is also engaged in a new effort to discover and develop natural high-potency sweeteners. The Company has product discovery and development collaborations with global food, beverage, and ingredient supply companies, some of which are currently marketing products that contain Senomyx’s flavor ingredients.”

Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.07, from 0.91 in 2016Q1. The ratio worsened, as 18 funds sold all Senomyx Inc. shares owned while 20 reduced positions. 15 funds bought stakes while 17 increased positions. They now own 22.67 million shares or 12.66% less from 25.95 million shares in 2016Q1.
Moreover, Jacobs Levy Equity Incorporated has 0% invested in Senomyx Inc. (NASDAQ:SNMX) for 49,971 shares. Baillie Gifford And reported 121,665 shares or 0% of all its holdings. Turner Invs Limited Partnership reported 475,000 shares or 0.41% of all its holdings. The Florida-based Ladenburg Thalmann Financial has invested 0% in Senomyx Inc. (NASDAQ:SNMX). Goldman Sachs Grp Inc holds 0% or 94,767 shares in its portfolio. Princeton Capital Mngmt Inc last reported 0.46% of its portfolio in the stock. Wells Fargo Company Mn holds 0% of its portfolio in Senomyx Inc. (NASDAQ:SNMX) for 52,300 shares. Bridgeway Capital Mngmt Inc has 18,300 shares for 0% of their US portfolio. Us National Bank De has 0% invested in the company for 1,000 shares. Kcg last reported 0% of its portfolio in the stock. Lmr Prtn Llp accumulated 34,212 shares or 0.01% of the stock. Prescott Cap Mgmt Ltd Liability owns 135,900 shares or 0.09% of their US portfolio. Blackrock Fund Advsrs holds 0% of its portfolio in Senomyx Inc. (NASDAQ:SNMX) for 111,941 shares. Burnham Asset Mgmt Ny holds 0.04% or 52,400 shares in its portfolio. Tower Capital Ltd Llc (Trc) accumulated 0% or 7,349 shares.

More notable recent Senomyx Inc. (NASDAQ:SNMX) news were published by: Prnewswire.com which released: “Senomyx, Inc. Third Quarter 2016 Earnings Conference Call Scheduled For …” on October 18, 2016, also Seekingalpha.com with their article: “Senomyx: What’s Going On?” published on October 18, 2016, Prnewswire.com published: “SENOMYX AND PEPSICO EXTEND SWEET TASTE PROGRAM COLLABORATION FOR THREE …” on September 30, 2016. More interesting news about Senomyx Inc. (NASDAQ:SNMX) were released by: Prnewswire.com and their article: “SENOMYX ANNOUNCES SECOND QUARTER 2016 FINANCIAL RESULTS” published on July 28, 2016 as well as Prnewswire.com‘s news article titled: “SENOMYX ANNOUNCES FOURTH QUARTER AND FULL YEAR 2015 FINANCIAL RESULTS” with publication date: March 03, 2016.

SNMX Company Profile

Senomyx, Inc., incorporated on September 16, 1998, is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Firm operates through development and commercialization of flavor ingredients segment. The Firm is engaged in the discovery, development and/or commercialization of flavor ingredients through its approximately five programs focused on sweet, savory, bitter, cooling and salt taste areas. The Company’s taste receptor assays are used in its screening systems and for screening its compound libraries and identifying flavor ingredients.

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