Price Change to Note: A Reversal for Ionis Pharmaceuticals Inc Is Not Near. The Stock Declines Again

Price Change to Note: A Reversal for Ionis Pharmaceuticals Inc Is Not Near. The Stock Declines Again

The stock of Ionis Pharmaceuticals Inc (NASDAQ:IONS) is a huge mover today! About 1.76M shares traded hands. Ionis Pharmaceuticals Inc (NASDAQ:IONS) has risen 11.84% since April 27, 2016 and is uptrending. It has outperformed by 6.62% the S&P500.
The move comes after 5 months negative chart setup for the $5.36 billion company. It was reported on Nov, 30 by Barchart.com. We have $40.69 PT which if reached, will make NASDAQ:IONS worth $375.20 million less.

Analysts await Ionis Pharmaceuticals Inc (NASDAQ:IONS) to report earnings on February, 23. They expect $-0.17 earnings per share, up 71.19% or $0.42 from last year’s $-0.59 per share. After $0.06 actual earnings per share 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. As per Friday, May 27, the company rating was maintained by Needham. The stock of Ionis Pharmaceuticals Inc (NASDAQ:IONS) has “Market Perform” rating given on Friday, May 27 by BMO Capital Markets.

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 notable recent Ionis Pharmaceuticals Inc (NASDAQ:IONS) news were published by: Fool.com which released: “3 Potentially Huge Catalysts for Ionis Pharmaceuticals, Inc. in 2017” on November 23, 2016, also Fool.com with their article: “Ionis Pharmaceuticals Inc Back in the Black (for Now)” published on November 11, 2016, Fool.com published: “Why Ionis Pharmaceuticals Inc. Skyrocketed Higher Today” on November 07, 2016. More interesting news about Ionis Pharmaceuticals Inc (NASDAQ:IONS) were released by: Prnewswire.com and their article: “Ionis Pharmaceuticals Reports Positive Clinical Data from IONIS-ANGPTL3-L Rx” published on November 15, 2016 as well as Prnewswire.com‘s news article titled: “Ionis Pharmaceuticals to Present at Upcoming Investor Conferences” with publication date: November 02, 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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