Could Foamix Pharmaceuticals Ltd (FOMX) See a Reversal After This Very Strong Session?

September 17, 2017 - By Kurt Siggers

The stock of Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) is a huge mover today! The stock increased 4.20% or $0.21 on September 15, reaching $5.21. About 127,069 shares traded or 67.18% up from the average. Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) has declined 30.16% since September 17, 2016 and is downtrending. It has underperformed by 46.86% the S&P500.
The move comes after 7 months positive chart setup for the $194.99 million company. It was reported on Sep, 17 by Barchart.com. We have $5.42 PT which if reached, will make NASDAQ:FOMX worth $7.80M more.

Wall Street await Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) to release earnings on November, 21. Analysts forecast earnings per share of $-0.44, down exactly $0.25 or 131.58 % from 2014’s $-0.19 EPS. After posting $-0.44 EPS for the previous quarter, Foamix Pharmaceuticals Ltd’s analysts now forecast 0.00 % EPS growth.

Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) Ratings Coverage

Among 2 analysts covering Foamix Pharmaceuticals (NASDAQ:FOMX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Foamix Pharmaceuticals had 3 analyst reports since August 25, 2015 according to SRatingsIntel. Zacks downgraded the stock to “Hold” rating in Tuesday, August 25 report.

More notable recent Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) news were published by: Globenewswire.com which released: “Foamix Reports Second Quarter 2017 Financial Results and Provides Business Update” on August 08, 2017, also Prnewswire.com with their article: “Foamix Pharmaceuticals First Quarter Financial Results Conference Call …” published on April 26, 2017, Seekingalpha.com published: “Foamix Pharmaceuticals’ (FOMX) CEO Dave Domzalski on Q2 2017 Results …” on August 09, 2017. More interesting news about Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) were released by: Seekingalpha.com and their article: “High-Potential Pipeline And Sufficient Cash Make Foamix Pharmaceuticals A …” published on March 23, 2017 as well as Prnewswire.com‘s news article titled: “Foamix Pharmaceuticals Appoints David Domzalski as Chief Executive Officer” with publication date: June 29, 2017.

Foamix Pharmaceuticals Ltd. is a clinical-stage pharmaceutical company. The company has market cap of $194.99 million. The Firm is engaged in the development and commercialization of foam formulations, using its technology, which includes its foam platforms. It currently has negative earnings. It is focused on developing and commercializing its minocycline foam for the treatment of acne, rosacea and other skin conditions.

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