Genocea Biosciences Inc. (GNCA) Sees Strong Trading Volume
Shares of Genocea Biosciences Inc. (NASDAQ:GNCA) saw unusually-strong trading volume on Tuesday . Approximately 286,494 shares were traded during trading, an increase of 28% from the previous session’s volume of 223,317 shares.The stock last traded at $5.48 and had previously closed at $5.35.
Several equities analysts have recently commented on GNCA shares. FBR & Co restated a “buy” rating on shares of Genocea Biosciences in a research report on Friday, June 10th. Zacks Investment Research upgraded shares of Genocea Biosciences from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Tuesday, July 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $17.95.
The stock’s 50-day moving average price is $5.18 and its 200 day moving average price is $4.68. The company’s market capitalization is $154.70 million.
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Genocea Biosciences (NASDAQ:GNCA) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.05. Genocea Biosciences had a negative return on equity of 47.87% and a negative net margin of 5,121.17%. Equities research analysts forecast that Genocea Biosciences Inc. will post ($1.63) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in shares of Genocea Biosciences during the first quarter valued at approximately $103,000. Alpine Partners VI LLC purchased a new position in shares of Genocea Biosciences during the second quarter valued at approximately $120,000. TFS Capital LLC purchased a new position in shares of Genocea Biosciences during the second quarter valued at approximately $133,000. Dimensional Fund Advisors LP purchased a new position in shares of Genocea Biosciences during the second quarter valued at approximately $143,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Genocea Biosciences during the second quarter valued at approximately $156,000. 56.49% of the stock is owned by hedge funds and other institutional investors.
Genocea Biosciences Company Profile
Genocea Biosciences, Inc is a biopharmaceutical company. The Company discovers and develops vaccines and immunotherapies. It uses its discovery platform, AnTigen Lead Acquisition System (ATLAS), to design vaccines and immunotherapies that act, in part, through T cell (or cellular) immune responses. The Company operates through business of developing and commercializing vaccines segment.
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