Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Miragen Therapeutics (MGEN) Stock Price

News headlines about Miragen Therapeutics (NASDAQ:MGEN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing 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. Miragen Therapeutics earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the medical research company an impact score of 44.7229073903218 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern’s rankings:

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Miragen Therapeutics stock opened at $7.51 on Thursday. The company has a market capitalization of $227.80, a price-to-earnings ratio of -5.01 and a beta of 1.64. Miragen Therapeutics has a fifty-two week low of $5.01 and a fifty-two week high of $15.91. The company has a current ratio of 13.33, a quick ratio of 13.33 and a debt-to-equity ratio of 0.26.

Miragen Therapeutics (NASDAQ:MGEN) last released its earnings results on Wednesday, March 14th. The medical research company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.04. The firm had revenue of $1.19 million for the quarter, compared to analyst estimates of $1.22 million. Miragen Therapeutics had a negative return on equity of 63.57% and a negative net margin of 662.30%. sell-side analysts predict that Miragen Therapeutics will post -1.25 EPS for the current fiscal year.

MGEN has been the topic of a number of recent research reports. Cann reiterated a “buy” rating and issued a $13.00 target price on shares of Miragen Therapeutics in a research note on Friday, February 2nd. Chardan Capital reissued a “buy” rating on shares of Miragen Therapeutics in a report on Tuesday, January 16th. Zacks Investment Research raised Miragen Therapeutics from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Thursday, January 18th. B. Riley initiated coverage on Miragen Therapeutics in a report on Friday, January 5th. They set a “buy” rating and a $15.50 price target on the stock. Finally, Wedbush reissued a “buy” rating and set a $19.00 price target on shares of Miragen Therapeutics in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $16.82.

In other news, Director Bruce Booth bought 545,454 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of $5.50 per share, with a total value of $2,999,997.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Scott Levy bought 9,090 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $49,995.00. Following the completion of the acquisition, the insider now owns 10,540 shares of the company’s stock, valued at $57,970. The disclosure for this purchase can be found here. 44.40% of the stock is owned by insiders.

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About Miragen Therapeutics

Signal Genetics, Inc is a commercial stage, molecular genetic diagnostic company. The Company is focused on providing diagnostic services that help physicians to make decisions concerning the care of cancer patients. The Company’s diagnostic service is the Myeloma Prognostic Risk Signature (MyPRS) test.

Insider Buying and Selling by Quarter for Miragen Therapeutics (NASDAQ:MGEN)

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