Price Action To Observe: PhaseRx Inc Surges to All-Time Low, Is Now Worst Performer

Price Action To Observe: PhaseRx Inc Surges to All Time Low, Is Now Worst Performer

The stock of PhaseRx Inc (NASDAQ:PZRX) reached all time low today, Sep, 30 and still has $2.14 target or 14.00% below today’s $2.49 share price. This indicates more downside for the $27.82 million company. This technical setup was reported by Barchart.com. If the $2.14 PT is reached, the company will be worth $3.89M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 12,737 shares traded hands or 2.34% up from the average. PhaseRx Inc (NASDAQ:PZRX) has risen 6.00% since August 31, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.

Analysts await PhaseRx Inc (PZRX) to report earnings on November, 1. After $-0.59 actual earnings per share reported by PhaseRx Inc for the previous quarter, Wall Street now forecasts -66.10% EPS growth.

According to Zacks Investment Research, “PhaseRx, Inc. is a preclinical biopharmaceutical company. It is engaged in developing products for the treatment of inherited enzyme deficiencies in the liver using intracellular enzyme replacement therapy. The Company’s i-ERT approach is enabled by its proprietary Hybrid mRNA Technology(TM) platform. PhaseRx, Inc. is headquartered in Seattle, Wash.”

More notable recent PhaseRx Inc (NASDAQ:PZRX) news were published by: Marketwatch.com which released: “PhaseRx Inc.” on May 18, 2016, also Prnewswire.com with their article: “PhaseRx to Present at the 2016 Aegis Growth Conference” published on September 14, 2016, Prnewswire.com published: “PhaseRx Appoints Peggy Phillips to Board of Directors” on August 22, 2016. More interesting news about PhaseRx Inc (NASDAQ:PZRX) were released by: Prnewswire.com and their article: “PhaseRx Announces Pricing of Initial Public Offering” published on May 18, 2016 as well as Prnewswire.com‘s news article titled: “PhaseRx Advances Product Pipeline for Treatment of Rare Genetic Liver Diseases” with publication date: June 21, 2016.

PZRX Company Profile

PhaseRx, Inc. is a preclinical biopharmaceutical company. The Firm develops a portfolio of products for the treatment of inherited enzyme deficiencies in the liver, using intracellular enzyme replacement therapy, i-ERT. The Company’s i-estrogen replacement therapy (ERT) approach is enabled by its Hybrid messenger ribonucleic acid (RNA), or messenger ribonucleic acid (mRNA), Technology platform, which allows synthesis of the missing enzyme inside the cell. The Company’s product portfolio consists of approximately three urea cycle disorders, which include ornithine transcarbamylase deficiency (OTCD), argininosuccinate lyase (ASL) deficiency and argininosuccinate synthetase (ASS1) deficiency.

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