Spyre Therapeutics, Inc. (NASDAQ:SYRE – Get Free Report) dropped 5% during mid-day trading on Wednesday . The company traded as low as $32.38 and last traded at $32.54. Approximately 46,321 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 453,536 shares. The stock had previously closed at $34.25.
Wall Street Analysts Forecast Growth
SYRE has been the topic of a number of recent research reports. Wells Fargo & Company upgraded Spyre Therapeutics from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $35.00 in a report on Friday, March 1st. Stifel Nicolaus raised their target price on Spyre Therapeutics from $36.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Spyre Therapeutics presently has a consensus rating of “Buy” and a consensus target price of $39.20.
Check Out Our Latest Stock Report on SYRE
Spyre Therapeutics Stock Up 3.4 %
Spyre Therapeutics (NASDAQ:SYRE – Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported ($2.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($1.80). As a group, analysts forecast that Spyre Therapeutics, Inc. will post -2.36 earnings per share for the current fiscal year.
Spyre Therapeutics Company Profile
Spyre Therapeutics, Inc, a preclinical stage biotechnology company, focuses on developing therapeutics for patients living with inflammatory bowel disease (IBD). It develops SPY001, a human monoclonal immunoglobulin G1 antibody designed to bind selectively to the a4ß7 integrin being developed for the treatment of IBD (ulcerative colitis and Crohn's disease).
See Also
- Five stocks we like better than Spyre Therapeutics
- What Do S&P 500 Stocks Tell Investors About the Market?
- 3 Stocks Leading the U.S. Agriculture Comeback
- Golden Cross Stocks: Pattern, Examples and Charts
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Conference Calls and Individual Investors
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Spyre Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spyre Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.