Zymeworks Inc (NYSE:ZYME) has earned an average recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.40.
ZYME has been the topic of several research analyst reports. Raymond James Financial initiated coverage on shares of Zymeworks in a research report on Monday, March 19th. They issued an “outperform” rating and a $18.00 price target on the stock. Zacks Investment Research lowered shares of Zymeworks from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th.
NYSE ZYME traded up $0.61 during midday trading on Monday, hitting $12.02. The company had a trading volume of 13,271 shares, compared to its average volume of 21,721. The firm has a market capitalization of $306.05 and a price-to-earnings ratio of -21.09. Zymeworks has a fifty-two week low of $6.25 and a fifty-two week high of $14.25.
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Zymeworks Company Profile
Zymeworks Inc is a Canada-based biopharmaceutical company. The Company specializes in the discovery, development and commercialization of next-generation multifunctional biotherapeutics, initially focused on the treatment of cancer. The Company operates through a number of platforms, including Azymetric platform, which is developed for the development of IgG-like, novel bispecific antibodies for the targeting of synergistic drug targets; Albucore platform, which is developed as a flexible and alternative platform to antibodies where it is advantageous for multi-valent therapeutic to target multiple disease targets; Effect, which comprises a library of Fc modifications that can selectively modulate the activity of recruited immune cells, and the ZymeLink Conjugation platform, which is a suite of novel protein site-specific conjugation technologies and customizable cleavable and non-cleavable linkers that is compatible with a variety of small molecule therapeutics.
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