The Market Myopia Regarding Genfit SA (GNFT)

The stock of Genfit SA (NASDAQ:GNFT) has been Initiated to Hold by Stifel in its latest research note that was published on June 25. SVB Leerink, analysts launched coverage of GNFT stock with a Outperform rating, according to their flash note to investors on April 24

Genfit’s stock is covered by 12 analysts, with 5 of them rating the stock as Buy. It has been deemed to have strong buy by 6 of the analysts, 1 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 5 analysts. 6 of them rated it as strong buy with none of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that GNFT has an average analyst rating of 1.67.

Genfit SA, which has current market capitalization of above $349 Million, published its last quarter earnings on December 31, 2017. The company was able to amass $7.43 million in revenue. This figure is $2.36 million more than what analysts had expected which was $5.07 million. During the first quarter of the year, Genfit also recorded $6.3 earnings per share (EPS) which is $6.3 above the $6.26 estimated by Thomson Reuter’s analyst, leading to a surprise factor of 6.11%.

GNFT surged by $0.85 during the normal trading session on Tuesday and reaching a high of $16.89 during the day while it closed the day at $16.49. The Genfit stock had a low trading volume of 0.17 million shares on that day, which is low compared to the average daily volume of 75.57M shares. GNFT has also gained 0.37% of its value over the past 7 days. However, the stock has declined by 28.46% in the 3 months of the year. Over the past six months meanwhile, it has lost 0.00% while it has lost 25.62% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -33.64% from its 3 months high price. However, taking another look at GNFT will indicate that it is trading +3.58% away from its 90-day low. Looking at the bigger picture, the Genfit SA stock has dropped by -37.18% from its 52-week high while it has surged by +3.58% from its 52-week low price.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 6.38%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 16.19%. Over the past 20 days, Genfit’s Stochastic %K stood at 9.41% while its Stochastic %D was revealed to be 12.18%.