Worth Watching: Time to Buy MabVax Therapeutics Holdings, Inc. After Today’s Huge Increase?

Worth Watching: Time to Buy MabVax Therapeutics Holdings, Inc. After Today's Huge Increase?

The stock of MabVax Therapeutics Holdings, Inc. (NASDAQ:MBVX) is a huge mover today! The stock increased 1.09% or $0.04 on October 31, hitting $3.7. About 98,521 shares traded hands or 0.72% up from the average. MabVax Therapeutics Holdings, Inc. (NASDAQ:MBVX) has declined 29.41% since March 29, 2016 and is downtrending. It has underperformed by 32.89% the S&P500.
The move comes after 8 months positive chart setup for the $19.63 million company. It was reported on Oct, 31 by Barchart.com. We have $7.96 PT which if reached, will make NASDAQ:MBVX worth $22.57 million more.

Analysts await MabVax Therapeutics Holdings, Inc. (NASDAQ:MBVX) to report earnings on November, 4. After $-0.12 actual earnings per share reported by MabVax Therapeutics Holdings, Inc. for the previous quarter, Wall Street now forecasts 41.67% negative EPS growth.

According to Zacks Investment Research, “MabVax Therapeutics Holdings, Inc. is a clinical-stage drug development company. It is focused on discovering and developing small molecule drugs to treat cancer. TELINTRA is the Company’s lead small molecule product candidate in clinical development for the treatment of blood disorders, including cancer. MabVax Therapeutics Holdings, Inc., formerly known as Telik, Inc., is based in San Diego, California.”

More notable recent MabVax Therapeutics Holdings, Inc. (NASDAQ:MBVX) news were published by: Prnewswire.com which released: “MabVax Therapeutics Announces Uplisting to The Nasdaq Capital Market and $8 …” on August 17, 2016, also Prnewswire.com with their article: “MabVax Therapeutics to Present at the BIO Investor Forum” published on October 13, 2016, Prnewswire.com published: “MabVax Therapeutics HuMab-5B1 Based Diagnostic Imaging and Radioimmunotherapy …” on September 26, 2016. More interesting news about MabVax Therapeutics Holdings, Inc. (NASDAQ:MBVX) were released by: Prnewswire.com and their article: “Oncology Biotech Standout MabVax Therapeutics Interviewed on Small Cap Nation” published on September 16, 2016 as well as Prnewswire.com‘s news article titled: “MabVax Therapeutics Reports on Interim Progress on Its Programs Including the …” with publication date: September 19, 2016.

MBVX Company Profile

MabVax Therapeutics Holdings, Inc., incorporated on October 20, 1988, is a clinical-stage biopharmaceutical company. The Firm is engaged in the discovery, development and commercialization of human monoclonal antibody products and vaccines for the diagnosis and treatment of various cancers. The Firm has discovered a pipeline of human monoclonal antibody products based on the protective immune responses generated by patients immunized against targeted cancers. The Company’s lead antibody candidate, HuMab-5B1, is being developed as a therapeutic product and as a diagnostic imaging product. The antibody targets carbohydrate antigen sialyl Lewisa (sLea), which is expressed on tumors of the gastrointestinal tract, including pancreatic, colon and stomach cancers, as well as ovarian, breast and small cell lung cancers. The Firm is also developing the HuMab-5B1 antibody conjugated to a radiolabel as a positron emission tomography (PET) imaging agent to assist in the diagnosis of pancreatic cancer. It also discovered and is developing multiple fully-human antibodies to the antigen disialoganglioside (GD2).

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