Intersect ENT (XENT) Worth Watching: Stock Soars 22.3% – Tale of the Tape

Zacks

Intersect ENT, Inc. (XENT) was a big mover last session with its shares surging over 22% on the day. The upside was owing to the company’s optimistic announcement of its preliminary revenue results for fourth quarter and full year 2014. This development led to far more shares changing hands yesterday than in a normal session. This breaks the recent trend of the company as the stock is now trading above the past one month’s volatile price range of $18.30 to $21.10.

This commercial stage drug-device company that caters to patients with ear, nose, and throat conditions in the U.S. has seen no estimate revision in the last 60 days. However, the Zacks Consensus Estimate has 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 climb can turn into more strength down the road.

Intersect ENT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked Med-Instruments stock is Inogen, Inc. (INGN) with a Zacks Rank #1 (Strong Buy).

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