The stock of Lipocine Inc (NASDAQ:LPCN) is a huge mover today! About 1.51 million shares traded hands or 120.15% up from the average. Lipocine Inc (NASDAQ:LPCN) has declined 43.35% since March 8, 2016 and is downtrending. It has underperformed by 52.67% the S&P500.
The move comes after 7 months positive chart setup for the $104.33M company. It was reported on Oct, 11 by Barchart.com. We have $8.31 PT which if reached, will make NASDAQ:LPCN worth $51.12M more.
Analysts await Lipocine Inc (NASDAQ:LPCN) to report earnings on November, 10. They expect $-0.31 earnings per share, up 11.43% or $0.04 from last year’s $-0.35 per share. After $-0.32 actual earnings per share reported by Lipocine Inc for the previous quarter, Wall Street now forecasts -3.13% EPS growth.
Lipocine Inc (NASDAQ:LPCN) Ratings Coverage
Out of 4 analysts covering Lipocine Inc (NASDAQ:LPCN), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Lipocine Inc has been the topic of 4 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Empire maintained Lipocine Inc (NASDAQ:LPCN) rating on Wednesday, August 12. Empire has “Buy” rating and $25 price target. H.C. Wainwright initiated the stock with “Buy” rating in Friday, October 7 report. TH Capital initiated the stock with “Buy” rating in Wednesday, July 22 report. Roth Capital initiated Lipocine Inc (NASDAQ:LPCN) on Wednesday, July 22 with “Buy” rating.
According to Zacks Investment Research, “Lipocine, Inc. is a specialty pharmaceutical company. It develops pharmaceutical products for use in men’s and women’s health. The Company’s lead product candidate, LPCN 1021, is in Phase 3 and is targeted to treat symptoms of low testosterone for men in need of testosterone replacement therapy. Its additional pipeline candidates include LPCN 1111, a next generation oral testosterone therapy product, and LPCN 1107, indicated for the prevention of preterm birth and is currently in Phase 1. Lipocine Inc. is headquartered in Salt Lake City, Utah.”
More recent Lipocine Inc (NASDAQ:LPCN) news were published by: Prnewswire.com which released: “Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on June 29, 2016. Also Globenewswire.com published the news titled: “SHAREHOLDER ALERT: Rosen Law Firm Reminds Lipocine Inc. Investors of Important …” on August 22, 2016. Streetinsider.com‘s news article titled: “Form 8-K Lipocine Inc. For: Sep 26” with publication date: September 26, 2016 was also an interesting one.
LPCN Company Profile
Lipocine Inc., incorporated on October 13, 2011, is a specialty pharmaceutical company. The Firm is focused on applying its oral drug delivery technology for the development of pharmaceutical products in the area of men’s and women’s health. The Company’s primary development programs are based on oral delivery solutions for bioavailable drugs. The Firm has a portfolio of product candidates designed to produce pharmacokinetic characteristics and facilitates lower dosing requirements, bypass first-pass metabolism, reduce side effects, and eliminates gastrointestinal interactions that limit bioavailability. The Company’s lead product candidate, LPCN 1021, is an oral testosterone replacement therapy (TRT), designed for twice-a-day dosing and is in Phase III testing.
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