This biopharmaceutical company has seen two positive estimate revisions in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Ambit Biosciences currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the biomedical industry may consider stocks like Cambrex Corporation (CBM) and Gilead Sciences Inc. (GILD). Both the stocks sport a Zacks Rank #1 (Strong Buy).
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