Zogenix (NASDAQ:ZGNX) Target Lowered by Mizuho to $55.00

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Zogenix stock has undergone multiple analysts rating changes in the recent past.  Zogenix stock Target Lowered by   Mizuho on 6/29/2020. In a note to investors, the firm issued a new target price of $55.00. The analysts previously had $64.00 target price. Mizuho’s price target would indicate a potential upside of 115.18% from the stock’s previous close.

Shares of Zogenix traded up $0.64 on Monday, reaching $26.11. 2307429 shares of the stock traded hands, compared to its average volume of 1231124. Shares of were trading at $26.11 on Monday. The firm’s 50 day moving average is $28.4 and its 200 day moving average is 37.Zogenix  has a 12 month low of $24.94 and a 12 month high of $57.22. While on yearly highs and lows, Zogenix today has traded high as $27.77 and has touched $24.94 on the downward trend.

Zogenix Earnings and What to expect: 

Zogenix last issued its earnings results on May 5th, 2020. The reported ($0.54) EPS for the quarter, beating the consensus estimate of ($1.08) by $0.54. The business had revenue of $1.25 million for the quarter, compared to analysts’ expectations of $0.38 million. Its revenue was up 124800.0% on a year-over-year basis. Zogenix has generated ($3.90) earnings per share over the last year. Zogenix has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

Earnings for Zogenix are expected to grow in the coming year, from ($3.48) to ($1.97) per share. The P/E ratio of Zogenix is -2.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Zogenix is -2.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Zogenix has a P/B Ratio of 4.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 3.50%
  • On 5/8/2020 EVP Ashish M Sagrolikar Buy 1,000 at average share price of $27.61 which equates to $27,610.00 in money value.
  • On 3/23/2020 Director Mark C Wiggins Buy 2,500 at average price of  $23.19 with total value of : Not Data Available
  • On 3/13/2020 Director Cam L Garner Buy 8,000 at average price of  $21.83 with total value of : $174,640.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Zogenix

  • 6/26/2020 – Zogenix had its price target lowered by analysts at Needham & Company LLC from $50.00 to $48.00. They now have a “buy” rating on the stock. ()
  • 6/26/2020 – Zogenix is now covered by analysts at Northland Securities. They set a “buy” rating and a $65.00 price target on the stock. ()
  • 6/26/2020 – Zogenix had its “buy” rating re-affirmed by analysts at William Blair. ()
  • 6/20/2020 – Zogenix was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating. ()
  • See More Analyst Rating at: RATING

Other rating updates by Mizuho: 

  • 6/29/2020 – Eli Lilly And Co had its price target raised by analysts at Mizuho from $155.00 to $164.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – AbbVie had its price target raised by analysts at Mizuho from $101.00 to $110.00. They now have a “buy” rating on the stock. ()
  • 6/29/2020 – Pfizer is now covered by analysts at Mizuho. They set a “buy” rating on the stock. ()
  • 6/29/2020 – ANTA Sports Products was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. ()
  • See More Analyst Rating at: RATING

Zogenix (NASDAQ:ZGNX) Moving Average Technical Analysis

5 day Moving Average is $27.56 And 5 day price change is -1.14 (-4.00%)  with average volume for 5 day average is 3,920,919. While technical analysis for average 20 days shows significant difference, 20 day moving average is  29.04 and 20 day price change is -2.19 (-7.41%) and average 20 day moving volume is 1,584,190. 50 day moving average is 28.4  and 50 day price change is 0.35 ( 0.013)  and with average volume for 50 days is : 1,054,690. 200 day moving average is 37  and 200 day price change is -14.7 (-34.94%)  and with average volume for 200 days is : 868,451.

See More Analyst Rating at: RATING