Eleven Biotherapeutics (NASDAQ:EBIO) Receiving Positive News Coverage, Analysis Shows

News coverage about Eleven Biotherapeutics (NASDAQ:EBIO) has been trending positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eleven Biotherapeutics earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the biopharmaceutical company an impact score of 46.5708133313414 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Shares of Eleven Biotherapeutics (NASDAQ EBIO) traded down 0.89% during trading on Friday, reaching $1.11. 490,916 shares of the company’s stock were exchanged. The stock has a market cap of $17.09 million, a P/E ratio of 10.18 and a beta of 3.31. Eleven Biotherapeutics has a 12-month low of $1.00 and a 12-month high of $5.40. The company has a 50 day moving average of $1.46 and a 200 day moving average of $1.74.

Eleven Biotherapeutics (NASDAQ:EBIO) last issued its earnings results on Monday, August 14th. The biopharmaceutical company reported ($0.30) EPS for the quarter. Eleven Biotherapeutics had a return on equity of 4.26% and a net margin of 11.28%. Equities research analysts anticipate that Eleven Biotherapeutics will post ($1.75) EPS for the current year.

EBIO has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Eleven Biotherapeutics from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. ValuEngine downgraded shares of Eleven Biotherapeutics from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 13th.

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About Eleven Biotherapeutics

Eleven Biotherapeutics, Inc is a preclinical-stage biopharmaceutical company. The Company applies its AMP-Rx platform to the discovery and development of protein therapeutics to treat diseases of the eye. The Company’s product candidate, which is still in preclinical development, is EBI-031, which was designed, engineered and generated using its AMP-Rx platform and are developing as an intravitreal injection for diabetic macular edema (DME) and uveitis.

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