Aevi Genomic Medicine Inc (Nasdaq:GNMX)
August 16th, 2018
Aevi Genomic Medicine Inc neither rose nor fell during ‘s trading, but stayed put at $1.12. Aevi Genomic Medicine Inc bounced 10.68% between low and high. Two technical ‘scores’ for stocks to be wary of are the Altman Z1 and the Piotroski2 scores. GNMX scored rather low for both, which could be indicators of trouble down the road (the Altman Z-Score is -7.06, and the Piotroski Score is 2).
GNMX was outperformed by the rest of the Healthcare sector which went up 0.92%.
Aevi Genomic Medicine Inc Info
Aevi Genomic Medicine, Inc., a clinical stage biopharmaceutical company, researches and develops novel therapies for pediatric onset and life-altering diseases in the United States. The company’s lead product candidates include AEVI-001, a glutamatergic neuromodulator, which has completed Phase II/III SAGA trial for the treatment of a genetically-defined subset of adolescent attention deficit hyperactivity disorder patients who have genetic mutations that disrupt the mGluR network resulting in glutamate imbalance; and AEVI-002, an anti-LIGHT monoclonal antibody that is in Phase Ib clinical trial for use in severe pediatric onset Crohn’s disease. The company also develops AEVI-005, which is in preclinical stage for the treatment of pediatric rare diseases. It has a strategic collaboration with Kyowa Hakko Kirin Co., Ltd. for an early stage monoclonal antibody program in an ultra-orphan pediatric indication. The company was formerly known as Medgenics, Inc. and changed its name to Aevi Genomic Medicine, Inc. in December 2016. Aevi Genomic Medicine, Inc. was founded in 2000 and is based in Wayne, Pennsylvania.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Aevi Genomic Medicine Inc’s score is -7.06) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
(2) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Aevi Genomic Medicine Inc’s score is ), and 9 is the best.
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