A Reversal for MEI Pharma Inc (MEIP) Is Not Near. The Stock Rises Again

September 17, 2017 - By reb123z

The stock of MEI Pharma Inc (NASDAQ:MEIP) is a huge mover today! The stock increased 4.17% or $0.11 on September 15, reaching $2.75. About 241,693 shares traded or 4.96% up from the average. MEI Pharma Inc (NASDAQ:MEIP) has risen 20.90% since September 17, 2016 and is uptrending. It has outperformed by 4.20% the S&P500.
The move comes after 8 months positive chart setup for the $97.52M company. It was reported on Sep, 17 by Barchart.com. We have $3.00 PT which if reached, will make NASDAQ:MEIP worth $8.78 million more.

Investors wait MEI Pharma Inc (NASDAQ:MEIP) to report on November, 14. its quarterly earnings Wall Street analysts expect $-0.17 EPS, down $0.05 or 41.67 % from last year’s $-0.12 same quarter earnings. MEI Pharma Inc’s Wall Street analysts see 41.67 % negative EPS growth, taking into account the $-0.12 EPS reproted in the previous quarter,

MEI Pharma Inc (NASDAQ:MEIP) Ratings Coverage

Among 3 analysts covering MEI Pharma (NASDAQ:MEIP), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. MEI Pharma had 7 analyst reports since September 4, 2015 according to SRatingsIntel. Stifel Nicolaus maintained MEI Pharma Inc (NASDAQ:MEIP) rating on Wednesday, September 6. Stifel Nicolaus has “Hold” rating and $2.5 target. The firm earned “Hold” rating on Friday, September 4 by Wedbush. The firm earned “Buy” rating on Wednesday, May 31 by Oppenheimer. Oppenheimer maintained it with “Buy” rating and $6.5000 target in Wednesday, August 2 report. The stock of MEI Pharma Inc (NASDAQ:MEIP) earned “Buy” rating by Oppenheimer on Monday, June 26. The stock of MEI Pharma Inc (NASDAQ:MEIP) earned “Buy” rating by Oppenheimer on Wednesday, June 14.

More notable recent MEI Pharma Inc (NASDAQ:MEIP) news were published by: Zacks.com which released: “MEI Pharma (MEIP) Shows Strength: Stock Moves 7.6% Higher May 30, 2017” on May 30, 2017, also Seekingalpha.com with their article: “MEI Pharma’s blood cancer candidate ME-401 performs well in early-stage study …” published on May 31, 2017, Seekingalpha.com published: “MEI Pharma: Double Trouble Or Double Double?” on July 11, 2017. More interesting news about MEI Pharma Inc (NASDAQ:MEIP) were released by: Prnewswire.com and their article: “MEI Pharma Reports Second Quarter Fiscal Year 2017 Results” published on February 08, 2017 as well as Prnewswire.com‘s news article titled: “Helsinn Group and MEI Pharma Announce Upcoming Presentations of Gene Mutation …” with publication date: May 18, 2017.

MEI Pharma, Inc. is an oncology company. The company has market cap of $97.52 million. The Firm is focused on the clinical development of drugs and therapies for treatment of cancer. It has a 41.12 P/E ratio. The Company’s portfolio of clinical drug candidates includes Pracinostat, ME-344 and PWT143.

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