Today’s Stock Alert: Ionis Pharmaceuticals Inc’s Trend Down, Especially After Today’s Weak Session

Today's Stock Alert: Ionis Pharmaceuticals Inc's Trend Down, Especially After Today's Weak Session

The stock of Ionis Pharmaceuticals Inc (NASDAQ:IONS) is a huge mover today! About 898,248 shares traded hands. Ionis Pharmaceuticals Inc (NASDAQ:IONS) has declined 12.65% since March 8, 2016 and is downtrending. It has underperformed by 21.97% the S&P500.
The move comes after 9 months negative chart setup for the $3.90 billion company. It was reported on Oct, 11 by Barchart.com. We have $29.60 PT which if reached, will make NASDAQ:IONS worth $312.00M less.

Analysts await Ionis Pharmaceuticals Inc (NASDAQ:IONS) to report earnings on November, 14. They expect $-0.01 earnings per share, up 96.67% or $0.29 from last year’s $-0.3 per share. After $-0.47 actual earnings per share reported by Ionis Pharmaceuticals Inc for the previous quarter, Wall Street now forecasts -97.87% EPS growth.

Ionis Pharmaceuticals Inc (NASDAQ:IONS) Ratings Coverage

Out of 2 analysts covering Ionis Pharmaceuticals Inc (NASDAQ:IONS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Ionis Pharmaceuticals Inc has been the topic of 3 analyst reports since February 22, 2016 according to StockzIntelligence Inc. On Friday, May 27 the stock rating was maintained by Needham with “Buy”. The firm has “Market Perform” rating given on Friday, May 27 by BMO Capital Markets.

According to Zacks Investment Research, “Ionis Pharmaceuticals, Inc. is a RNA-targeted drug discovery and development company which focuses on developing drugs for severe and rare diseases. Ionis Pharmaceuticals, Inc., formerly known as Isis Pharmaceuticals, Inc., is headquartered in Carlsbad, California.”

More important recent Ionis Pharmaceuticals Inc (NASDAQ:IONS) news were published by: Fool.com which released: “The Key Reason Ionis Pharmaceuticals, Inc. Gained Another 24% in September” on October 07, 2016, also Fool.com published article titled: “Better Buy: Anavex Life Sciences Corp. vs. Ionis Pharmaceuticals, Inc.”, Fool.com published: “3 Ways Ionis Pharmaceuticals, Inc. Is Beating the Competition” on September 19, 2016. More interesting news about Ionis Pharmaceuticals Inc (NASDAQ:IONS) was released by: Prnewswire.com and their article: “Ionis Pharmaceuticals’ CEO, Dr. Stanley Crooke, Receives Lifetime Achievement …” with publication date: September 28, 2016.

IONS Company Profile

Ionis Pharmaceuticals, Inc., formerly Isis Pharmaceuticals, Inc., incorporated on March 25, 1991, is engaged in discovering and developing ribonucleic acid-targeted (RNA-targeted) therapeutics. The Firm operates through two divisions: Ionis Core and Akcea Therapeutics. The Company’s Ionis Core segment is developing a drug discovery platform. The Company’s Akcea Therapeutics segment consists of the activities of its subsidiary, Akcea Therapeutics, Inc., which develops and commercializes drugs for cardiometabolic disorders. The Firm is developing transformational drugs, which include nusinersen, IONIS-TTR and volanesorsen that are designed to treat patients with orphan diseases. In addition to its Phase III programs, the Company has a pipeline of drugs in Phase II development, which includes IONIS-FXI and IONIS-APO(a)-L. The Company’s Phase II pipeline includes drugs to treat patients with severe and rare diseases, viral infections, ocular diseases, metabolic disorders and cardiovascular diseases.

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