Somewhat Favorable News Coverage Somewhat Unlikely to Impact Synlogic (NASDAQ:SYBX) Stock Price

News coverage about Synlogic (NASDAQ:SYBX) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synlogic earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news stories about the biotechnology company an impact score of 45.6925724845952 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

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Several research analysts have recently commented on the company. Zacks Investment Research upgraded Synlogic from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. Wedbush started coverage on Synlogic in a research report on Monday, November 27th. They set an “outperform” rating and a $20.00 price objective for the company. ValuEngine downgraded Synlogic from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, Piper Jaffray Companies initiated coverage on Synlogic in a research report on Monday, January 29th. They set an “overweight” rating and a $16.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Synlogic presently has an average rating of “Hold” and an average target price of $18.75.

Synlogic (NASDAQ SYBX) opened at $9.81 on Friday. The stock has a market capitalization of $213.07, a PE ratio of -1.04 and a beta of 2.18. Synlogic has a 52 week low of $8.76 and a 52 week high of $23.00.

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About Synlogic

Synlogic, Inc, formerly Mirna Therapeutics, Inc, is engaged in the development of a novel class of living treatments, Synthetic Biotic medicines. The Company uses its proprietary Synthetic Biotic development platform. Its pipeline includes Synthetic Biotic medicines for the treatment of rare genetic diseases, such as Urea Cycle Disorder (UCD) and Phenylketonuria (PKU).

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