Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Rhythm Pharmaceuticals (RYTM) Stock Price

News articles about Rhythm Pharmaceuticals (NASDAQ:RYTM) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rhythm Pharmaceuticals earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.1970903795329 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment’s analysis:

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A number of research firms recently commented on RYTM. BidaskClub cut shares of Rhythm Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Needham & Company LLC reissued a “buy” rating and issued a $32.00 price objective on shares of Rhythm Pharmaceuticals in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.25.

Rhythm Pharmaceuticals stock traded down $1.69 during trading hours on Monday, hitting $18.21. The company had a trading volume of 62,463 shares, compared to its average volume of 79,868. The stock has a market cap of $542.95 and a price-to-earnings ratio of -6.46. Rhythm Pharmaceuticals has a 1 year low of $17.80 and a 1 year high of $33.81.

Rhythm Pharmaceuticals (NASDAQ:RYTM) last released its quarterly earnings data on Monday, March 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.55) by $0.14. research analysts predict that Rhythm Pharmaceuticals will post -2.3 earnings per share for the current year.

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About Rhythm Pharmaceuticals

Rhythm Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of peptide therapeutics for the treatment of rare genetic deficiencies that result in life-threatening metabolic disorders. The Company’s lead peptide product candidate is setmelanotide, a potent, first-in-class melanocortin-4 receptor, or MC4R, agonist for the treatment of rare genetic disorders of obesity.

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