News coverage about TRACON Pharmaceuticals (NASDAQ:TCON) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TRACON Pharmaceuticals earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the biopharmaceutical company an impact score of 46.7121004272952 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- FDA Nod For AGN, ZYME Strikes A Deal With Janssen Biotech, TCON Abuzz – Markets Insider (markets.businessinsider.com)
- 34 Stocks Moving In Tuesday’s Pre-Market Session – Benzinga (benzinga.com)
- 8 Stocks To Watch For November 14, 2017 | Benzinga – Benzinga (benzinga.com)
- FDA Nod For AGN, ZYME Strikes A Deal With Janssen Biotech, TCON Abuzz – Nasdaq (nasdaq.com)
- Overall response rate of 24% seen with no dose limiting toxicity observed (globenewswire.com)
TRACON Pharmaceuticals (NASDAQ:TCON) opened at $2.75 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.80 and a quick ratio of 3.80. TRACON Pharmaceuticals has a twelve month low of $2.00 and a twelve month high of $7.07.
Separately, Zacks Investment Research raised shares of TRACON Pharmaceuticals from a “sell” rating to a “hold” rating and set a $2.50 price objective on the stock in a report on Saturday, August 12th.
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About TRACON Pharmaceuticals
TRACON Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics for cancer, wet age-related macular degeneration (wet AMD) and fibrotic diseases. The Company’s research focuses on antibodies that bind to the endoglin receptor, which is essential to angiogenesis (the process of new blood vessel formation) and a contributor to fibrosis (tissue scarring).
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