Sorrento Therapeutics (SRNE) Earning Somewhat Favorable News Coverage, Analysis Finds
News headlines about Sorrento Therapeutics (NASDAQ:SRNE) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sorrento Therapeutics earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the biopharmaceutical company an impact score of 45.2991234740104 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Stock to Watch: Sorrento Therapeutics Inc (NASDAQ: SRNE) – Alpha Beta Stock (alphabetastock.com)
- Notable Stocks to Watch: Sorrento Therapeutics, Inc., (NASDAQ: SRNE), CyrusOne Inc., (NASDAQ: CONE), The … – Stocks In The News (press release) (tradingnewsnow.com)
- Sorrento Therapeutics Stock Consolidating On a Rising Twiggs Money Flow (guerillastocktrading.com)
- An Eye on Average True Range (ATR) – Sorrento Therapeutics, Inc., (NASDAQ: SRNE) – Stock Watch (stocksnewstimes.com)
A number of brokerages have issued reports on SRNE. Oppenheimer set a $6.00 price objective on shares of Sorrento Therapeutics and gave the stock a “buy” rating in a research report on Wednesday, November 15th. HC Wainwright set a $20.00 price objective on shares of Sorrento Therapeutics and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Six analysts have rated the stock with a buy rating, Sorrento Therapeutics currently has an average rating of “Buy” and a consensus target price of $11.50.
Sorrento Therapeutics (NASDAQ:SRNE) traded up $0.05 during trading on Monday, hitting $2.30. 365,700 shares of the stock were exchanged, compared to its average volume of 830,696. Sorrento Therapeutics has a 1 year low of $1.50 and a 1 year high of $6.08. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.18.
Sorrento Therapeutics Company Profile
Sorrento Therapeutics, Inc is a biopharmaceutical company. The Company is engaged in the discovery, acquisition, development and commercialization of drug therapeutics. Its primary therapeutic focus is oncology, including the treatment of chronic cancer pain. It is also developing therapeutic products for other indications, including immunology and infectious diseases.
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