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6 Biotech Stocks That Investors Hate but Analysts Love

  +Follow June 27, 2013 7:51PM
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Sometimes there are stocks that take a beating, but for whatever reason, the analysts won’t let them go. We decided to look at stocks that have had a rough go, but according to the analysts, are set to rebound any time. Specifically, for this article, we looked at the biotech sector.

Here’s the criteria we used: we decided to look at stocks that were down for the quarter but still had a “strong buy” rating from analysts. We further refined our search by focusing only on stocks above $4 a share to eliminate the more volatile ones.

We found six stocks that fit our criteria. Here they are:

Durata Therapeutics (DRTX) Chicago-based antibiotic developer Durata raised $74 million in an October 2012 IPO. Their main drug in development is dalbavancin, which treats skin infections. A December 2012 trial went well. Analysts still believe in the product’s future. Despite sitting near its 52 week low at $7 a share, Durata is up 1.74 percent.

Coronado Biosciences (CNDO) The immunotherapy drug development company is up 1.01 percent to $7.99 a share, and despite a dip the last few months, they’re up almost 67.58 percent on the year. Coronado recently announced they are hosting a conference looking for new investors.

Anacor Pharmaceuticals (ANAC) Anacor descirbes themselves as “hav(ing) discovered and advanced into clinical development several novel and proprietary boron-based product candidates.” They are up 4.34 percent to $5.53 a share. In June Anacor entered into a $45 million dollar term loan with Hercules Tech (HTGC.)

OncoGenex Pharmaceuticals (OGXI) OncoGenex gained 2.73 percent to hit $9.80 a share, though it’s down for the quarter and year (over 20 percent YTD.) Zacks is high on them, citing their drug OGX-011 that is “the lead candidate currently completing five Phase 2 clinical studies in prostate, lung and breast cancers.”

Lpath Inc. (LPTN) Lpath lost 1.94 percent to hit $4.56 a share, and is down for the year. This San Diego-based biotech company works on drugs that prevent macular degeneration. According to the New York Times, Lpath is advancing has completed a phase-I clinical trial for the drug ASONEP and is entering phase-II clinical trials in Renal Cell Carcinoma.

Array BioPharma(ARRY) Array is up 2.65 percent to hit $4.64 a share, down from their 52 week high of $6.56. Analysts are still bullish on the stock following promising trials for their p38 inhibitors that could have therapeutic effects on osteoarthritis.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for DRTX
Stockaholics
31 Oct 14 02:05:57
Our Penny Stock Newsletter Alert On MGON Closed up 112.5% Today! Major News: http://t.co/gDCrqEFOy6 $DRTX $VIPS $XRA
Stockaholics
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Stock Relay
31 Oct 14 00:05:17
stockblaster14: Stock Alerts: Durata Therapeutics Inc (DRTX) 24.00 $DRTX http://t.co/o59mRsQHTS
stockblaster14
30 Oct 14 23:54:14
Durata Therapeutics Inc (DRTX) 24.00 $DRTX SHAREHOLDER ALERT: Brower Piven Announces Class Action Lawsuit in C http://t.co/uOcmXX3cHC
US Banking News
30 Oct 14 22:34:00
Durata Therapeutics Sees Large Decline in Short Interest $DRTX http://t.co/1qRkOrCLm8
WKRB News
30 Oct 14 22:22:20
Durata Therapeutics Sees Large Decline in Short Interest $DRTX http://t.co/Db8luKKCeD
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VIICQ Closed up 75% Yesterday! Special Update: http://t.co/8A33lxh1RR $DRTX $VIPS $XRA
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stockblaster14
30 Oct 14 00:57:41
Durata Therapeutics Inc (DRTX) 23.77 $DRTX SHAREHOLDER ALERT: Brower Piven Announces Class Action Lawsuit in C http://t.co/agMTIs71Lh
Stockaholics
30 Oct 14 00:00:31
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28 Oct 14 21:14:32
Durata Therapeutics Inc (DRTX) 23.88 $DRTX INVESTOR ALERT: Levi & Korsinsky, LLP Launches Investigation of the http://t.co/EwQZHV1iS0
DailyStockPicks
28 Oct 14 15:21:03
Partner Jet $PJT.V reports Q3 results. 146% revenue growth trailing P/E of 6.4 forward P/E 3.8. $DRTX investors read: http://t.co/1XMvU8npjr
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Durata Therapeutics Inc (DRTX) 23.96 $DRTX INVESTOR ALERT: Levi & Korsinsky, LLP Launches Investigation of the http://t.co/gR6hvhyHf1
TickerChirp
27 Oct 14 22:57:06
Leading in Twitter Related to $DRTX (Durata Therapeutics Inc symbol DRTX) on 10/28/2014 http://t.co/vw8LRshp7a
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Alexander Morris
27 Oct 14 10:14:18
$DRTX: Exc 1WkHIGH=24.09, hits:1, Rng:3%, ch:+0.5%, 6NewHi:BrkPLo+PHi[+1.2%], 6:3Accel+Dy, tf:1001111, LowFlt[9.8M], HiPctSht[39%:5d]
j l
27 Oct 14 05:03:39
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mazlat
26 Oct 14 14:10:12
RT @Drchik23: Largest % inc in Short Int: $adhd $endp Largest % dec in Short Int: $drtx $dara $snss $shpg http://t.co/oOeDTDWT1U Updated 1…
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stockblaster14
25 Oct 14 14:34:13
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Dr. Paul DeSantis
24 Oct 14 20:06:34
RT @Drchik23: Largest % inc in Short Int: $adhd $endp Largest % dec in Short Int: $drtx $dara $snss $shpg http://t.co/oOeDTDWT1U Updated 1…
Stocks Rocks
24 Oct 14 19:42:48
RT @Drchik23: Largest % inc in Short Int: $adhd $endp Largest % dec in Short Int: $drtx $dara $snss $shpg http://t.co/oOeDTDWT1U Updated 1…
Joe
24 Oct 14 19:29:18
Largest % inc in Short Int: $adhd $endp Largest % dec in Short Int: $drtx $dara $snss $shpg http://t.co/oOeDTDWT1U Updated 10/24 thru 10/15
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Stocks News&Markets
24 Oct 14 14:13:08
$DRTX - Amended Tender Offer Statement by Third Party (sc To-t/a) http://t.co/YTHfITBXs2
NASDAQ
24 Oct 14 14:13:04
$DRTX - Amended Tender Offer Statement by Third Party (sc To-t/a) http://t.co/qY3FyikWin
$Stocknewsalerts
24 Oct 14 14:10:38
$DRTX SEC Filing Alert for Durata Therapeutics, Inc. From our Stock News Alerts App
Joseph M Swartz
24 Oct 14 13:20:44
$DRTX - Amended Statement of Ownership: Solicitation (sc 14d9/a) http://t.co/fhKtR3CeCd
NASDAQ
24 Oct 14 13:20:30
$DRTX - Amended Statement of Ownership: Solicitation (sc 14d9/a) http://t.co/yYaRbw2L3n
Stockaholics
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Stocks News&Markets
24 Oct 14 13:20:08
$DRTX - Amended Statement of Ownership: Solicitation (sc 14d9/a) http://t.co/Zgu0Je4n2c
				
				
  +Follow June 27, 2013 7:51PM
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