Somewhat Positive News Coverage Somewhat Unlikely to Affect Edge Therapeutics (NASDAQ:EDGE) Stock Price

News stories about Edge Therapeutics (NASDAQ:EDGE) have been trending somewhat positive on Thursday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Edge Therapeutics earned a news impact score of 0.13 on Accern’s scale. Accern also assigned headlines about the biotechnology company an impact score of 44.3794030905662 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

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Several research analysts recently issued reports on the company. BidaskClub cut Edge Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. Credit Suisse Group cut Edge Therapeutics from an “outperform” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research note on Thursday, March 29th. JMP Securities cut Edge Therapeutics from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 28th. Finally, Zacks Investment Research cut Edge Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.

NASDAQ EDGE traded down $0.11 during midday trading on Thursday, hitting $1.06. 2,650,236 shares of the company traded hands, compared to its average volume of 1,063,185. The company has a current ratio of 6.92, a quick ratio of 6.92 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $31.49, a PE ratio of -0.63 and a beta of 3.98. Edge Therapeutics has a 52 week low of $0.95 and a 52 week high of $17.77.

Edge Therapeutics (NASDAQ:EDGE) last announced its earnings results on Thursday, March 1st. The biotechnology company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.02).

In other news, insider R. Loch Macdonald sold 5,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $13.75, for a total transaction of $68,750.00. Following the completion of the sale, the insider now owns 590,602 shares in the company, valued at approximately $8,120,777.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian A. Leuthner sold 2,500 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $13.14, for a total value of $32,850.00. Following the sale, the chief executive officer now owns 82,736 shares of the company’s stock, valued at approximately $1,087,151.04. The disclosure for this sale can be found here. Insiders have sold a total of 17,500 shares of company stock worth $257,800 in the last ninety days. Insiders own 36.19% of the company’s stock.

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Edge Therapeutics Company Profile

Edge Therapeutics, Inc is a clinical-stage biotechnology company that discovers, develops and seeks to commercialize hospital-based therapies capable of transforming treatment paradigms in the management of acute, life-threatening critical care conditions. The Company’s initial product candidates target rare, acute, life-threatening neurological and other conditions.

Insider Buying and Selling by Quarter for Edge Therapeutics (NASDAQ:EDGE)

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