Somewhat Positive Press Coverage Somewhat Unlikely to Affect TearLab Corporation (TEAR) Stock Price
Media headlines about TearLab Corporation (NASDAQ:TEAR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TearLab Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the medical research company an impact score of 47.8254958620871 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- TearLab Corp. :TEAR-US: Earnings Analysis: Q2, 2017 By the Numbers : August 25, 2017 (finance.yahoo.com)
- Earnings Review and Free Research Report: Bruker’s Adjusted Diluted EPS Increased 15% (finance.yahoo.com)
- After-Hours Stock Movers 08/21: (RT) (PCRX) Higher; (TEAR) (NDSN) (FN) Lower (more…) (streetinsider.com)
- BRIEF-TearLab corp – files for offering of up to $15 million – SEC filing (reuters.com)
- Zacks: Analysts Anticipate TearLab Corporation (TEAR) Will Announce Quarterly Sales of $6.90 Million (americanbankingnews.com)
TEAR has been the subject of several recent analyst reports. Zacks Investment Research upgraded TearLab Corporation from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research note on Thursday, May 11th. Rodman & Renshaw dropped their price objective on TearLab Corporation from $12.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, May 16th. Finally, HC Wainwright reiterated a “buy” rating and set a $4.00 price objective on shares of TearLab Corporation in a research note on Tuesday, May 16th. Five investment analysts have rated the stock with a buy rating, TearLab Corporation has an average rating of “Buy” and a consensus price target of $4.95.
TearLab Corporation (NASDAQ TEAR) traded up 2.31% on Friday, reaching $1.33. The company’s stock had a trading volume of 206,248 shares. The company has a 50-day moving average price of $2.03 and a 200 day moving average price of $2.64. The company’s market cap is $7.64 million. TearLab Corporation has a 12 month low of $1.20 and a 12 month high of $8.20.
TearLab Corporation (NASDAQ:TEAR) last posted its quarterly earnings data on Monday, August 14th. The medical research company reported ($0.68) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.07. The company had revenue of $7 million during the quarter, compared to analysts’ expectations of $6.86 million. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) earnings per share. On average, equities research analysts anticipate that TearLab Corporation will post ($2.70) EPS for the current fiscal year.
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TearLab Corporation Company Profile
TearLab Corporation is an in-vitro diagnostic company. The Company has commercialized a tear testing platform, the TearLab Osmolarity System, which enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. The Company, through its subsidiary TearLab Research, Inc, develops technologies to enable eye care practitioners to test a range of biomarkers (chemistries, metabolites, genes and proteins) at the point-of-care.
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