Forget What Wall Street Says: Seattle Genetics, Inc. (SGEN), Calithera Biosciences, Inc. (CALA)

Seattle Genetics, Inc. (NASDAQ:SGEN) recent rally took place on significantly less volume which dipped to nearly 0.84 million contracts on 21-Nov-17 versus its daily average of 1 million. The first sale was made at $59.01 but later the stock became weaker, and closed with a gain of 0.6%. It was last traded at $59.05 apiece.

Seattle Genetics, Inc. (SGEN): Outperform Candidate With 9.35% Upside Potential

Seattle Genetics, Inc. is maintained at an average outperform rating by 16 stock analysts, and there are at least 8.35% of shares outstanding that are currently legally short sold. The shares went down by -5.32% in value last month. Year-to-date it jumped 11.9%. Analysts are turning out to be more optimistic than before, with 8 of analysts who cover Seattle Genetics, Inc. (NASDAQ:SGEN) advice adding it to buy candidate list. Wall Street experts also assign a $64.57 price target on Seattle Genetics, Inc., pointing towards a 9.35% rally from current levels. The stock is trading for about -18.83% less than its 52-week high.

Seattle Genetics, Inc. Reports 4.23% Sales Growth

Seattle Genetics, Inc. (SGEN) remained successful in beating the consensus-estimated -$0.42 as it actually earned -$0.19 per share in its last reported financial results. Revenue, on the other hand, scored 4.23% growth from the previous quarter, coming up with $112.8 million.

SGEN Adds 3.23% In A Week

This company shares (SGEN) so far managed to recover 30.32% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 2.97% while shortening the period to a week, volatility was 3.22%. The share price has yet to cross its 20 days moving average, floating at a distance of -1.2% and sits 1.4% higher versus its 50 days moving average. When looking at the past five sessions, the stock returned 3.23% gains and is down by -0.5% compared with its 200-day moving average of $56.83. Also, Seattle Genetics, Inc. (SGEN) needs to overturn a -18.13% decrease it experienced over the past twelve months.

Calithera Biosciences, Inc. (NASDAQ:CALA) Consensus Call At 1.6

As regular trading ended, Calithera Biosciences, Inc. (CALA) stock brought in a $0.12 rise to $10.25. The day started at a price of $10.3 but then traded as high as $10.535 before giving part of the gains back. As for this week, analysts appear content to stick with their bright outlook with the consensus call at 1.6. Calithera Biosciences, Inc. is given 3 buy-equivalent recommendations, 0 sells and 1 holds. The company shares sank -48.88% from their peak of $20.05 and now has a $346.86 million market value of equity.

Calithera Biosciences, Inc. Could Grow 78.05% More

CALA’s mean recommendation on Reuter’s scale presents no change from 1.6 thirty days ago to 1.6 now, which indicates a buy consensus from the analyst community. They see Calithera Biosciences, Inc. (CALA) price hitting a mean target of $18.25 a share, meaning the stock still has potential that could lift the price another 78.05% Also, the recent close suggests the stock is underpriced by 114.63% compared to the most bullish target.

Calithera Biosciences, Inc. (CALA) Returns 215.38% This Year

The company had seen its current volume reaching at 1.01 million shares in the last trade. That compares with the recent volume average of 0.62 million. At the close of regular trading, its last week’s stock price volatility was 9.77% which for the month reaches 7.94%. Calithera Biosciences, Inc. dipped to as low as $10.1 throughout the day and has returned 215.38% in this year. At one point in the past year, the shares traded as low as $2.90 but has recovered 253.45% since then.

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