What’s Propelling Zogenix, Inc. (ZGNX) to Increase? The Stock Formed a Bullish Double Top Pattern

November 15, 2017 - By Marguerite Chambers

The chart of Zogenix, Inc. (ZGNX) shows a double top with $38.32 target or 3.00 % above today’s $37.20 share price. The 6 months chart pattern indicates low risk for the $1.17 billion company. It was reported on Nov, 15 by Finviz.com. If the $38.32 price target is reached, the company will be worth $35.10 million more. Double tops are rare but powerful chart patterns.

It closed at $37.2 lastly. It is down 52.57% since November 15, 2016 and is uptrending. It has outperformed by 35.87% the S&P500.

Analysts expect Zogenix, Inc. (NASDAQ:ZGNX) to report $-1.01 EPS on March, 8.They anticipate $0.28 EPS change or 38.36 % from last quarter’s $-0.73 EPS. After having $-1.11 EPS previously, Zogenix, Inc.’s analysts see -9.01 % EPS growth.

Zogenix, Inc. (NASDAQ:ZGNX) Ratings Coverage

Among 6 analysts covering Zogenix (NASDAQ:ZGNX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Zogenix had 14 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, September 29 by Stifel Nicolaus. Leerink Swann maintained Zogenix, Inc. (NASDAQ:ZGNX) rating on Tuesday, August 11. Leerink Swann has “Outperform” rating and $27 target. As per Friday, September 29, the company rating was upgraded by William Blair. As per Monday, October 2, the company rating was maintained by Leerink Swann. The firm earned “Buy” rating on Thursday, September 17 by Brean Capital. The stock of Zogenix, Inc. (NASDAQ:ZGNX) has “Hold” rating given on Saturday, August 15 by Zacks. The stock has “Buy” rating by Stifel Nicolaus on Thursday, September 21. The firm has “Sell” rating given on Thursday, August 6 by Zacks. The firm has “Buy” rating given on Friday, August 14 by Brean Capital. On Monday, June 26 the stock rating was maintained by Stifel Nicolaus with “Buy”.

More news for Zogenix, Inc. (NASDAQ:ZGNX) were recently published by: Seekingalpha.com, which released: “Zogenix’s (ZGNX) CEO Stephen Farr on Q3 2017 Results – Earnings Call Transcript” on November 08, 2017. Globenewswire.com‘s article titled: “Zogenix to Present at Stifel 2017 Healthcare Conference” and published on November 14, 2017 is yet another important article.

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