FY2022 Earnings Forecast for Medgenics Inc Issued By Jefferies Group (GNMX)

Medgenics Inc (NASDAQ:GNMX) – Jefferies Group issued their FY2022 earnings per share estimates for Medgenics in a note issued to investors on Tuesday. Jefferies Group analyst M. Andrews expects that the biotechnology company will earn ($1.39) per share for the year.

Shares of Medgenics (GNMX) traded down $0.12 on Wednesday, hitting $2.27. The company’s stock had a trading volume of 165,200 shares, compared to its average volume of 301,752. Medgenics has a one year low of $0.98 and a one year high of $6.18. The firm has a market cap of $141.80, a price-to-earnings ratio of -2.28 and a beta of 1.10.

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in shares of Medgenics by 515.8% in the 4th quarter. Renaissance Technologies LLC now owns 93,600 shares of the biotechnology company’s stock valued at $112,000 after purchasing an additional 78,400 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Medgenics by 433.7% in the 3rd quarter. Wells Fargo & Company MN now owns 130,662 shares of the biotechnology company’s stock valued at $165,000 after purchasing an additional 106,178 shares in the last quarter. Finally, Northern Capital Management LLC raised its position in shares of Medgenics by 43.6% in the 3rd quarter. Northern Capital Management LLC now owns 152,300 shares of the biotechnology company’s stock valued at $192,000 after purchasing an additional 46,250 shares in the last quarter. 16.57% of the stock is currently owned by institutional investors.

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About Medgenics

Aevi Genomic Medicine, Inc, a clinical stage biopharmaceutical company, researches and develops novel therapies for pediatric onset and life-altering diseases in the United States. Its lead product candidates include AEVI-001, a glutamatergic neuromodulator, which is in Phase II/III SAGA trial for a genetically-defined subset of adolescent attention deficit hyperactivity disorder patients with specific mutations in their metabotropic glutamate receptor gene network; and AEVI-002, an anti-light monoclonal antibody that is in Phase I clinical trial for use in severe pediatric onset crohn’s disease.

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