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OvaScience (OVAS) in Focus: Stock Tanks 9.5% - Analyst Blog

By: Zacks.com
Posted: 3/5/2014 8:48:00 AM
Referenced Stocks: ALKS;ALXN;BIIB;OVAS

OvaScience, Inc. ( OVAS ) saw a big move last session, as the company's shares fell nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for OVAS, as the stock is now up nearly 17% in the past one-month time frame.

The life sciences company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

OVAS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same sector include Alexion Pharmaceuticals, Inc. ( ALXN ), Alkermes plc ( ALKS ) and Biogen Idec Inc. ( BIIB ). All these stocks hold a Zacks Rank #1 (Strong Buy).

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