Ovid Therapeutics (OVID) Earning Somewhat Positive Media Coverage, Analysis Finds

News coverage about Ovid Therapeutics (NASDAQ:OVID) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ovid Therapeutics earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.3593030763878 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Ovid Therapeutics (NASDAQ:OVID) traded down $0.05 during mid-day trading on Monday, hitting $9.64. 117,700 shares of the company traded hands, compared to its average volume of 60,250. Ovid Therapeutics has a twelve month low of $5.28 and a twelve month high of $15.93.

Ovid Therapeutics (NASDAQ:OVID) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.16. analysts anticipate that Ovid Therapeutics will post -4.08 EPS for the current year.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Ovid Therapeutics from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, November 16th. ValuEngine upgraded shares of Ovid Therapeutics from a “strong sell” rating to a “sell” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $19.33.

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Ovid Therapeutics Company Profile

Ovid Therapeutics Inc (Ovid) is a biopharmaceutical company. The Company is engaged in developing medicines for patients and families living with rare neurological disorders. Its lead drug candidate is OV101. The Company’s second lead drug candidate is OV935. OV101 (gaboxadol) is a delta-selective GABAA receptor agonist.

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