Flex Pharma (FLKS) Earns News Impact Rating of 0.20

News headlines about Flex Pharma (NASDAQ:FLKS) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Flex Pharma earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the biotechnology company an impact score of 46.75172695394 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

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

Shares of Flex Pharma (NASDAQ:FLKS) traded up $0.13 during trading hours on Tuesday, reaching $4.31. The company had a trading volume of 12,300 shares, compared to its average volume of 74,644. Flex Pharma has a 12 month low of $2.68 and a 12 month high of $6.49.

Flex Pharma (NASDAQ:FLKS) last announced its earnings results on Monday, November 6th. The biotechnology company reported ($0.54) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.60) by $0.06. Flex Pharma had a negative return on equity of 71.39% and a negative net margin of 2,655.19%. The company had revenue of $0.41 million for the quarter, compared to analyst estimates of $0.47 million. equities analysts predict that Flex Pharma will post -2.48 earnings per share for the current fiscal year.

Several research analysts recently issued reports on FLKS shares. Zacks Investment Research lowered Flex Pharma from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $10.00 target price on shares of Flex Pharma in a research report on Monday, September 25th. Finally, Roth Capital started coverage on Flex Pharma in a research report on Thursday, September 7th. They set a “buy” rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $9.75.

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About Flex Pharma

Flex Pharma, Inc is a biotechnology company. The Company develops treatments for nocturnal leg cramps, muscle cramps and spasms associated with severe neuromuscular conditions, and exercise associated muscle cramps (EAMCs). The Company’s product candidates activate certain receptors in primary sensory neurons, which then act through neuronal circuits to reduce the repetitive firing, or hyperexcitability, of alpha-motor neurons in the spinal cord, thereby preventing or reducing the frequency and intensity of muscle cramps and spasms.

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