Spectrum Pharmaceuticals (SPPI) Given News Impact Score of 0.12

Media stories about Spectrum Pharmaceuticals (NASDAQ:SPPI) have trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Spectrum Pharmaceuticals earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media headlines about the biotechnology company an impact score of 44.8288583885642 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

Shares of Spectrum Pharmaceuticals (NASDAQ:SPPI) opened at $19.42 on Friday. The company has a quick ratio of 4.89, a current ratio of 5.04 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1,950.00, a P/E ratio of -19.42 and a beta of 1.63. Spectrum Pharmaceuticals has a twelve month low of $4.31 and a twelve month high of $21.95.

Spectrum Pharmaceuticals (NASDAQ:SPPI) last announced its quarterly earnings results on Thursday, November 2nd. The biotechnology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $36.40 million during the quarter, compared to analysts’ expectations of $33.27 million. Spectrum Pharmaceuticals had a negative net margin of 58.94% and a negative return on equity of 29.73%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. research analysts expect that Spectrum Pharmaceuticals will post -1.06 EPS for the current fiscal year.

A number of analysts recently issued reports on SPPI shares. HC Wainwright reiterated a “buy” rating and issued a $29.00 price target on shares of Spectrum Pharmaceuticals in a report on Monday, December 18th. B. Riley started coverage on Spectrum Pharmaceuticals in a report on Monday, December 18th. They issued a “buy” rating and a $26.00 price target for the company. Guggenheim started coverage on Spectrum Pharmaceuticals in a report on Monday, October 23rd. They issued a “buy” rating and a $32.00 price target for the company. Jefferies Group boosted their price target on Spectrum Pharmaceuticals to $25.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Zacks Investment Research upgraded Spectrum Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $22.17.

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Spectrum Pharmaceuticals Company Profile

Spectrum Pharmaceuticals, Inc is a biotechnology company. The Company operates through developing and commercializing oncology and hematology drug products segment. It has a product portfolio consisting of both commercial stage and development stage products that address various cancer types. The Company has six approved oncology/hematology products that target different types of cancer, including non-Hodgkin’s lymphoma (NHL), advanced metastatic colorectal cancer (mCRC), acute lymphoblastic leukemia (ALL) and multiple myeloma (MM).

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