Price Change to Note: What’s Propelling Ionis Pharmaceuticals Inc to Increase So Much?

Price Change to Note: What's Propelling Ionis Pharmaceuticals Inc to Increase So Much?

The stock of Ionis Pharmaceuticals Inc (NASDAQ:IONS) is a huge mover today! About 451,358 shares traded hands. Ionis Pharmaceuticals Inc (NASDAQ:IONS) has declined 0.39% since April 21, 2016 and is downtrending. It has underperformed by 5.72% the S&P500.
The move comes after 6 months positive chart setup for the $5.16B company. It was reported on Nov, 23 by Barchart.com. We have $47.32 PT which if reached, will make NASDAQ:IONS worth $309.60M more.

Analysts await Ionis Pharmaceuticals Inc (NASDAQ:IONS) to report earnings on February, 23. They expect $-0.17 EPS, up 71.19% or $0.42 from last year’s $-0.59 per share. After $0.06 actual EPS reported by Ionis Pharmaceuticals Inc for the previous quarter, Wall Street now forecasts -383.33% negative EPS growth.

Ionis Pharmaceuticals Inc (NASDAQ:IONS) Ratings Coverage

Out of 2 analysts covering Ionis Pharmaceuticals Inc (NASDAQ:IONS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Ionis Pharmaceuticals Inc has been the topic of 3 analyst reports since February 22, 2016 according to StockzIntelligence Inc. BMO Capital Markets downgraded Ionis Pharmaceuticals Inc (NASDAQ:IONS) on Friday, May 27 to “Market Perform” rating. The firm has “Buy” rating given on Friday, May 27 by Needham.

According to Zacks Investment Research, “Ionis Pharmaceuticals, Inc. is a RNA-targeted drug discovery and development company which focuses on developing drugs for severe and rare diseases. Ionis Pharmaceuticals, Inc., formerly known as Isis Pharmaceuticals, Inc., is headquartered in Carlsbad, California.”

More important recent Ionis Pharmaceuticals Inc (NASDAQ:IONS) news were published by: Fool.com which released: “Why Ionis Pharmaceuticals Inc. Skyrocketed Higher Today” on November 07, 2016, also Prnewswire.com published article titled: “Ionis Pharmaceuticals to Present at Upcoming Investor Conferences”, Prnewswire.com published: “Webcast Alert: Ionis Pharmaceuticals’ Third Quarter 2016 Financial Results …” on October 26, 2016. More interesting news about Ionis Pharmaceuticals Inc (NASDAQ:IONS) was released by: Fool.com and their article: “5 Reasons Ionis Pharmaceuticals Is a Top Stock to Buy Now” with publication date: October 28, 2016.

IONS Company Profile

Ionis Pharmaceuticals, Inc., formerly Isis Pharmaceuticals, Inc., incorporated on March 25, 1991, is engaged in discovering and developing ribonucleic acid-targeted (RNA-targeted) therapeutics. The Firm operates through two divisions: Ionis Core and Akcea Therapeutics. The Company’s Ionis Core segment is developing a drug discovery platform. The Company’s Akcea Therapeutics segment consists of the activities of its subsidiary, Akcea Therapeutics, Inc., which develops and commercializes drugs for cardiometabolic disorders. The Firm is developing transformational drugs, which include nusinersen, IONIS-TTR and volanesorsen that are designed to treat patients with orphan diseases. In addition to its Phase III programs, the Company has a pipeline of drugs in Phase II development, which includes IONIS-FXI and IONIS-APO(a)-L. The Company’s Phase II pipeline includes drugs to treat patients with severe and rare diseases, viral infections, ocular diseases, metabolic disorders and cardiovascular diseases.

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