Generation Bio Co. (NASDAQ:GBIO – Get Free Report) has earned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $8.00.
A number of research firms have weighed in on GBIO. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Generation Bio in a report on Wednesday, April 10th. Wedbush reissued an “outperform” rating and set a $5.00 target price on shares of Generation Bio in a research note on Thursday, March 7th.
Read Our Latest Report on GBIO
Institutional Trading of Generation Bio
Generation Bio Stock Performance
GBIO opened at $2.90 on Friday. Generation Bio has a fifty-two week low of $0.86 and a fifty-two week high of $6.98. The company has a fifty day moving average of $3.15 and a two-hundred day moving average of $2.19. The stock has a market capitalization of $192.82 million, a price-to-earnings ratio of -1.48 and a beta of 2.79.
Generation Bio (NASDAQ:GBIO – Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.12). The business had revenue of $2.88 million for the quarter, compared to the consensus estimate of $3.05 million. On average, equities research analysts forecast that Generation Bio will post -1.34 earnings per share for the current year.
About Generation Bio
Generation Bio Co develops non-viral genetic medicines for the treatment of rare and prevalent diseases. The company develops cell-targeted lipid nanoparticle (ctLNP) platform, a modular delivery system for nucleic acids to avoid off-target clearance by the liver and spleen that enables ctLNPs to persist in systemic circulation, which allows for highly selective and potent ligand-driven targeting to specific tissues and cell types; and novel immune-quiet DNA (iqDNA) to enable long-lasting high levels of gene expression from non-integrating episomes and avoids innate immune sensors that have long prevented DNA from use in non-viral systems.
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