FDA approval and strong interim results have this small cap soaring 🦅 - Stock Region News

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STOCK TRADING ALERTS
STOCK TRADING ALERTS

Tuesday, November 14, 2023

FDA approval and strong interim results have this small cap soaring 🦅


  

Here are our top investing ideas today. These setups look primed! And we invite you to partake in some stellar futures training from Mr. Taylor Conway — with our compliments!

THRX – Up over 35% in pre-market after announcing process to explore strategic alternatives, layoffs

INVO – Up over 40% in pre after reporting earnings

BCDA – Up over 100% in pre after receiving FDA approval for Phase 3 clinical trial

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THRX – Up over 35% in pre-market after announcing process to explore strategic alternatives, layoffs

Theseus Pharmaceuticals (THRX) is a biopharmaceutical company that engages in the discovery, development, and commercialization of targeted therapies for the treatment of cancer patients.

Yesterday, in the after-hours THRX announced that it would explore strategic options and has cut its workforce by 72%. The company also stated that it had cash and cash equivalents and marketable securities of $225.4million.

Based on yesterday’s close, according to Finviz THRX had a market cap of only $93.3million. 

The stock is trading up over 35% in the pre-market after the news release.

The $2.93 area has acted as resistance in the after-hours and pre-market. 

Above it, targets to the upside are $3, and then the pre-market high at $3.15. Beyond that, $3.70, $4 and $5 come into play.

Below $2.93, there is potential support at $2.86, $2.80, $2.70 and $2.52, with a gap to fill at $2.14.

INVO – Up over 40% in pre after reporting earnings

INVO Bioscience (INVO) is a commercial-stage fertility company that provides assisted reproductive technology solutions worldwide.

In the after-hours yesterday, the company reported Q3 EPS of -$0.70 beating estimates by $0.17 and up from -$4.20 a year prior. Sales came in at $0.97million up from $0.23million a year prior.

The stock is trading up over 40% in pre-market post the earnings release.

$2.25 was resistance in the pre-market and now becomes potential support. 

Above the first major target is the pre-market high at $2.41. Beyond that, $2.50, $3 and $4 come into play.

Below $2.25, there is potential support at  $2.08, $1.97, $1.90, $1.70, $1.60 and $1.50.

BCDA – Up over 100% in pre after receiving FDA approval

 BioCardia, Inc. (BCDA) is a developer of cellular and cell-derived therapeutics for the treatment of cardiovascular and pulmonary diseases.

This morning, BCDA announced that it had received FDA approval to undertake its Phase 3 clinical trial of its CardiAMP Autologous Cell Therapy for treatment of patients with Ischemic heart failure. BCDA announced that the final data analyses will be reported in Q4 2024. In an interim analysis of available data to date results showed meaningful clinical improvements over controls, including a 59% relative risk reduction in heart death and a 54% relative risk reduction of Major Adverse Cardiovascular or Cerebrovascular events (MACCE).

The stock traded up over 100% in pre-market after the news release.

$0.81 was a support area in the pre-market and will be an important level to watch.

Above it, targets to the upside are $0.93, $1 and then the pre-market high at $1.05. Beyond that, $1.30, $1.50 and $2 come into play.

Below $0.81 potential targets to the downside are $0.70, $0.60, $0.50 and then a gap fill at $0.3990.

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