Back to top

Image: Bigstock

CorMedix (CRMD) Jumps: Stock Rises 9.8%

Read MoreHide Full Article

CorMedix Inc. (CRMD - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $3.96 – $6.00 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen two positive estimate revisions in the past month, while its Zacks Consensus Estimate for the current quarter has also moved higher in the same time frame, suggesting that more solid trading could be ahead for CorMedix. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

CorMedix currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Medical – Biomedical and Genetics industry is Horizon Therapeutics Public Limited Company , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>
 


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


CorMedix Inc (CRMD) - free report >>

Published in