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Is Astria Therapeutics (ATXS) Stock Outpacing Its Medical Peers This Year?
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Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Has Astria Therapeutics, Inc. been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question.
Astria Therapeutics, Inc. is a member of the Medical sector. This group includes 1021 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Astria Therapeutics, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATXS' full-year earnings has moved 4.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ATXS has gained about 25.9% so far this year. In comparison, Medical companies have returned an average of -2.7%. This means that Astria Therapeutics, Inc. is outperforming the sector as a whole this year.
Another stock in the Medical sector, Abbott (ABT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 2.3%.
Over the past three months, Abbott's consensus EPS estimate for the current year has increased 0.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Astria Therapeutics, Inc. belongs to the Medical - Biomedical and Genetics industry, a group that includes 501 individual stocks and currently sits at #69 in the Zacks Industry Rank. On average, stocks in this group have lost 9.7% this year, meaning that ATXS is performing better in terms of year-to-date returns.
On the other hand, Abbott belongs to the Medical - Products industry. This 87-stock industry is currently ranked #85. The industry has moved +11.4% year to date.
Going forward, investors interested in Medical stocks should continue to pay close attention to Astria Therapeutics, Inc. and Abbott as they could maintain their solid performance.
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Is Astria Therapeutics (ATXS) Stock Outpacing Its Medical Peers This Year?
Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Has Astria Therapeutics, Inc. been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question.
Astria Therapeutics, Inc. is a member of the Medical sector. This group includes 1021 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Astria Therapeutics, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATXS' full-year earnings has moved 4.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ATXS has gained about 25.9% so far this year. In comparison, Medical companies have returned an average of -2.7%. This means that Astria Therapeutics, Inc. is outperforming the sector as a whole this year.
Another stock in the Medical sector, Abbott (ABT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 2.3%.
Over the past three months, Abbott's consensus EPS estimate for the current year has increased 0.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Astria Therapeutics, Inc. belongs to the Medical - Biomedical and Genetics industry, a group that includes 501 individual stocks and currently sits at #69 in the Zacks Industry Rank. On average, stocks in this group have lost 9.7% this year, meaning that ATXS is performing better in terms of year-to-date returns.
On the other hand, Abbott belongs to the Medical - Products industry. This 87-stock industry is currently ranked #85. The industry has moved +11.4% year to date.
Going forward, investors interested in Medical stocks should continue to pay close attention to Astria Therapeutics, Inc. and Abbott as they could maintain their solid performance.