ZSAN Stock Forecast: Stock price wipes out ~50% in 15 days. Time to sell?



ZSAN Stock Forecast: Stock price wipes out ~50% in 15 days. Time to sell?

ZSAN Stock Forecast: The stock is expected to trade between $0.5554 to $0.3374. The overall recommendation is to sell.

ZSAN Stock Forecast: Latest Price

ZSAN Stock Forecast: Performance Chart

Stock Name

5 Days

1 Month

6 Month

YTD

-27.76%

-70.65%

-97.21%

-96.61%

ZSAN Stock Forecast: Latest Tweet

Also read: Pfizer Stock Forecast

ZSAN Stock Forecast: Momentum Summary (Today’s Outlook)

Trend

Overall Indicator

Negative

1. Market Data

Market Cap

Lower

Technical

Sell

Trading Volume

Lower

2.Crowd’s Wisdom

Google Search Volume

Lower

Social Media Sentiment

Neutral

ZSAN Stock Forecast: Stock Price Target

Realistic Price Targets not available for the stock

ZSAN Stock Forecast: Latest Video

ZSAN Stock Forecast: The Stock Drop Down

  • Zosano Pharma Corp. warned on Friday that it will require a significant capital infusion to stay in business, sending shares down 17% to $1.58 in after-hours trade. 
  • The clinical-stage biopharmaceutical company, which had previously announced the suspension of its lead product candidate program and layoffs, reported a first-quarter net loss of $33.4 million, or $7.86 per share, as it recorded an impairment loss of $25.9 million for the three months ended March 31.
  • Zosano stated that it has around $9.9 million in cash as of May 11 and that it would require “significantly more finance to sustain its activities and would not be able to continue as a going concern if further monies are not raised.”
  • Led to the resignation of Joseph “Jay” P. Hagan, head of the audit committee, it announced plans to reduce the size of its board.

ZSAN Stock Forecast: Google Trends

ZSAN Stock Forecast: Technical Analysis

Source Support (S3) Resistance (R1) Recommendation
Investing $ 0.5086 $ 0.5526 Sell
Barchart $ 0.6021 $ 0.1221 Sell

-Dhvipasha Purohit

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

ZSAN stock forecast



Source link