The stock of Senomyx Inc. (NASDAQ:SNMX) is a huge mover today! The stock decreased 3.52% or $0.15 on October 3, hitting $4.11. About 107,181 shares traded hands. Senomyx Inc. (NASDAQ:SNMX) has risen 22.32% since March 1, 2016 and is uptrending. It has outperformed by 10.11% the S&P500.
The move comes after 8 months negative chart setup for the $198.42 million company. It was reported on Oct, 4 by Barchart.com. We have $3.53 PT which if reached, will make NASDAQ:SNMX worth $27.78 million less.
Analysts await Senomyx Inc. (NASDAQ:SNMX) to report earnings on November, 3. They expect $-0.06 earnings per share, down 20.00% or $0.01 from last year’s $-0.05 per share. After $-0.05 actual earnings per share reported by Senomyx Inc. for the previous quarter, Wall Street now forecasts 20.00% negative EPS growth.
According to Zacks Investment Research, “Senomyx is using proprietary taste receptor technologies to discover and develop novel flavor ingredients. These include new flavors such as Savory Flavors and Cooling Flavors, as well as flavor modulators such as Bitter Blockers and enhancers of Sweet and Salt tastes. Senomyx is also engaged in a new effort to discover and develop natural high-potency sweeteners. The Company has product discovery and development collaborations with global food, beverage, and ingredient supply companies, some of which are currently marketing products that contain Senomyx’s flavor ingredients.”
Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.07, from 0.91 in 2016Q1. The ratio fall, as 18 funds sold all Senomyx Inc. shares owned while 20 reduced positions. 15 funds bought stakes while 17 increased positions. They now own 22.67 million shares or 12.66% less from 25.95 million shares in 2016Q1.
Nichols Asset Limited accumulated 10,000 shares or 0.05% of the stock. Geode Capital Ltd Llc accumulated 0% or 260,563 shares. Northern Corp, a Illinois-based fund reported 110,949 shares. The California-based Blackrock Institutional Trust Na has invested 0% in Senomyx Inc. (NASDAQ:SNMX). Moreover, Morgan Stanley has 0% invested in Senomyx Inc. (NASDAQ:SNMX) for 25,493 shares. The Florida-based Ladenburg Thalmann Financial has invested 0% in Senomyx Inc. (NASDAQ:SNMX). Td Asset Mgmt owns 19,800 shares or 0% of their US portfolio. Blackrock Fund reported 111,941 shares or 0% of all its holdings. Bancorp Of New York Mellon Corp owns 325,077 shares or 0% of their US portfolio. Lmr Partners Llp accumulated 34,212 shares or 0.01% of the stock. Citigroup last reported 15,157 shares in the company. Alpine Prns Vi Limited Liability Corporation reported 59,972 shares or 0.08% of all its holdings. Creative Planning accumulated 0% or 1,000 shares. Vnbtrust Association has 0.09% invested in the company for 54,125 shares. The New York-based Burnham Asset Management Corporation Ny has invested 0.04% in Senomyx Inc. (NASDAQ:SNMX).
More notable recent Senomyx Inc. (NASDAQ:SNMX) news were published by: Prnewswire.com which released: “SENOMYX AND PEPSICO EXTEND SWEET TASTE PROGRAM COLLABORATION FOR THREE …” on September 30, 2016, also Benzinga.com with their article: “Here’s Why The Market’s Got A Taste For Senomyx Shares” published on October 03, 2016, Prnewswire.com published: “SENOMYX ANNOUNCES FOURTH QUARTER AND FULL YEAR 2015 FINANCIAL RESULTS” on March 03, 2016. More interesting news about Senomyx Inc. (NASDAQ:SNMX) were released by: Prnewswire.com and their article: “SENOMYX ANNOUNCES APPROVAL OF BITTERMYX® BB68 AND SWEETMYX® SR96 FLAVOR …” published on August 31, 2016 as well as Prnewswire.com‘s news article titled: “SENOMYX ANNOUNCES SECOND QUARTER 2016 FINANCIAL RESULTS” with publication date: July 28, 2016.
SNMX Company Profile
Senomyx, Inc., incorporated on September 16, 1998, is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Firm operates through development and commercialization of flavor ingredients segment. The Firm is engaged in the discovery, development and/or commercialization of flavor ingredients through its approximately five programs focused on sweet, savory, bitter, cooling and salt taste areas. The Company’s taste receptor assays are used in its screening systems and for screening its compound libraries and identifying flavor ingredients.
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