Technical Reports on Biotech Stocks -- Halozyme Therapeutics, CytRx, Cara Therapeutics, and Keryx Biopharma

Thursday, March 2, 2017 Research News
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NEW YORK, March 2, 2017 /PRNewswire/ --

In today's pre-market research, presents these Biotech

equities for review: Halozyme Therapeutics Inc. (NASDAQ: HALO), CytRx Corp. (NASDAQ: CYTR), Cara Therapeutics Inc. (NASDAQ: CARA), and Keryx Biopharmaceuticals Inc. (NASDAQ: KERX). These companies are part of the Healthcare sector which followed the
broader US markets higher on Wednesday, March 01st, 2017, with the NYSE Health Care Index advancing almost 0.7%, while shares of health care companies in the S&P 500 were up about 1.1% as a group. Download the free research reports on these stocks today:

Halozyme Therapeutics

California headquartered Halozyme Therapeutics Inc.'s shares rose 0.62%, finishing Wednesday's trading session at $12.90. A total volume of 2.25 million shares was traded, which was above their three months average volume of 1.84 million shares. The stock has advanced 14.87% in the past month, 8.77% in the previous three months, and 30.57% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 9.84% and 21.51%, respectively. Moreover, shares of Halozyme Therapeutics, which researches, develops, and commercializes human enzymes, have a Relative Strength Index (RSI) of 62.45.

On February 28th, 2017, Halozyme Therapeutics announced that revenue for Q4 2016 was $39 million, compared to $52.2 million for Q4 2015. The Company's net loss for Q4 2016 was $27.4 million, or $0.21 per share, compared to net income in Q4 2015 of $4.3 million, or $0.03 per share. Cash, cash equivalents, and marketable securities were $205 million at December 31st, 2016, compared to $221.1 million at September 30th, 2016. See our free and comprehensive research report on HALO at:


On Wednesday, shares in California headquartered CytRx Corp. recorded a trading volume of 1.37 million shares, and ended the session 2.88% higher at $0.44. The stock has gained 7.90% in the last one month and 19.57% since the start of this year. The Company's shares are trading 5.79% above their 50-day moving average. Furthermore, shares of CytRx, which operates as a biopharmaceutical research and development company specializing in oncology, have an RSI of 57.61.

As per an SEC filing dated February 24th, 2017, CytRx received notice from The NASDAQ Stock Market on August 24th, 2016, that the closing bid price for its common stock had been below $1.00 for the previous 30 consecutive business days, and that the Company is therefore not in compliance with the minimum bid price requirement for continued inclusion on The NASDAQ Capital Market. The notice indicated that CytRx would have 180 calendar days, to regain compliance with this requirement. CytRx reported that on February 22nd, 2017, NASDAQ notified the Company that it is eligible for an extension to comply with the minimum $1.00 bid price requirement through August 21st, 2017, by which date CytRx must evidence compliance for at least ten consecutive business days. If compliance cannot be demonstrated by August 21st, 2017, NASDAQ will provide written notification that CytRx's common stock will be delisted. CYTR free research report PDF is just a click away at:

Cara Therapeutics

Shares in Connecticut headquartered Cara Therapeutics Inc. closed at $16.59, climbing 3.49% from the last trading session. The stock recorded a trading volume of 2.12 million shares, which was higher than its three months average volume of 1.46 million shares. The Company's shares have gained 17.00% in the last one month, 79.93% in the previous three months, and 78.58% on an YTD basis. The stock is trading 30.75% and 99.04% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Cara Therapeutics, which focuses on developing and commercializing chemical entities designed to alleviate pain and pruritus by selectively targeting kappa opioid receptors in the US, have an RSI of 65.45. Sign up for your complimentary report on CARA at:

Keryx Biopharma

At the closing bell yesterday, shares in Massachusetts headquartered Keryx Biopharmaceuticals Inc. ended 3.78% lower at $4.84. A total volume of 2.56 million shares was traded, which was above their three months average volume of 1.40 million shares. The stock has advanced 5.45% in the last one month. The Company's shares are trading below their 200-day moving average by 12.42%. Furthermore, shares of Keryx Biopharma, which focuses on providing therapies for patients with renal disease in the US, have an RSI of 40.42.

On March 01st, 2017, Keryx announced that Q4 2016 net US product sales for Auryxia were $8.2 million, compared to $4.8 million for Q4 2015, reflecting an approximately 70% increase. The Company's total revenues for Q4 2016 were approximately $9.5 million compared with $5.8 million during Q4 2015. Keryx posted net loss for Q4 2016 of $33.8 million, or $0.32 per share, compared to a net loss of $37.8 million, or $0.36 per share, for Q4 2015. Register for free on and download the latest research report on KERX at:

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