In a report released yesterday, Alex Brooks from Canaccord Genuity reiterated a Buy rating on Itaconix, with a price target of p375.00. The company’s shares closed yesterday at p150.50.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Brooks is a 4-star analyst with an average return of 8.1% and a 54.46% success rate.
Currently, the analyst consensus on Itaconix is a Moderate Buy with an average price target of p375.00.
Based on Itaconix’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p5.7 million and a GAAP net loss of p974.66 thousand. In comparison, last year the company earned a revenue of p7.22 million and had a GAAP net loss of p1.62 million
