Cara Therapeutics Inc. CARA was a big mover last session, as its shares rose nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend for the company, as the stock is now trading above the volatile price range of $13.78 to $16.22 in the past one-month time frame.
Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Thursday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Cara Therapeutics currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another favorably ranked biomedical stock is Anika Therapeutics Inc. ANIK with a Zacks Rank #2 (Buy).
Is CARA going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ANIKA THERAPEUT (ANIK): Free Stock Analysis Report
CARA THERAPEUTC (CARA): Free Stock Analysis Report
To read this article on Zacks.com click here.