Price Action Report: Could Zynerba Pharmaceuticals Inc See a Reversal After This Very Strong Session?

Price Action Report: Could Zynerba Pharmaceuticals Inc See a Reversal After This Very Strong Session?

The stock of Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) is a huge mover today! About 105,224 shares traded hands. Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) has risen 14.54% since March 29, 2016 and is uptrending. It has outperformed by 11.06% the S&P500.
The move comes after 6 months positive chart setup for the $104.99 million company. It was reported on Oct, 31 by Barchart.com. We have $31.80 PT which if reached, will make NASDAQ:ZYNE worth $184.78 million more.

Analysts await Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) to report earnings on November, 9. They expect $-0.60 earnings per share, down 3.45% or $0.02 from last year’s $-0.58 per share. After $-0.70 actual earnings per share reported by Zynerba Pharmaceuticals Inc for the previous quarter, Wall Street now forecasts -14.29% EPS growth.

Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) Ratings Coverage

Out of 5 analysts covering Zynerba Pharmaceuticals (NASDAQ:ZYNE), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Zynerba Pharmaceuticals has been the topic of 7 analyst reports since August 31, 2015 according to StockzIntelligence Inc. On Friday, October 7 the stock rating was initiated by H.C. Wainwright with “Buy”. The firm has “Overweight” rating by Piper Jaffray given on Monday, August 31. The firm earned “Buy” rating on Monday, September 14 by Canaccord Genuity. Jefferies initiated Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) on Monday, August 31 with “Buy” rating. The rating was initiated by Oppenheimer with “Outperform” on Tuesday, September 8. The rating was maintained by Oppenheimer on Thursday, November 12 with “Outperform”.

According to Zacks Investment Research, “Zynerba Pharmaceuticals, Inc. is a specialty pharmaceutical company which focuses on developing and commercializing proprietary synthetic cannabinoid therapeutics formulated for transdermal delivery. Its product candidates which are in clinical trial stage include ZYN002 and ZYN001 synthetic transdermal cannabinoid therapeutics for indications including refractory epilepsy, Fragile X syndrome, osteoarthritis, fibromyalgia and peripheral neuropathic pain. Zynerba Pharmaceuticals, Inc. is headquartered in Devon, Pennsylvania.”

Another recent and important Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) news was published by Quotes.Wsj.com which published an article titled: “News Zynerba Pharmaceuticals Inc.ZYNE” on July 31, 2015.

ZYNE Company Profile

Zynerba Pharmaceuticals, Inc., incorporated on January 31, 2007, is a specialty pharmaceutical firm focused on developing and commercializing synthetic cannabinoid therapeutics formulated for transdermal delivery. The Firm is evaluating approximately two product candidates, ZYN002 and ZYN001, in over five indications.

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