One company that should be on your radar is Ohr Pharmaceutical, Inc. (OHRP). This stock in Medical – Drug space has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For OHRP’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to narrow the loss from 80 cents a share a month ago to a current loss at 53 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, OHRP has seen some pretty solid trading lately, as the company has moved higher by 26.9% in the past month.
If Ohr Pharmaceutical can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put OHRP on your watch list for the future.
Other top-ranked stocks worth considering in this space include Salix Pharmaceuticals Ltd. (SLXP), Lannett Company, Inc. (LCI), and Questcor Pharmaceuticals, Inc. (QCOR). All these carry a Zacks Rank #1 (Strong Buy).
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