The party over for Nymox Pharmaceutical Corp. (NASDAQ:NYMX)?


Shares of Nymox Pharmaceutical Corporation (NASDAQ:NYMX) last traded at $3.52. The company’s performance year to date is 31.84%. The 200 day simple moving average is 5.43%. The 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.

As per recent filings, Nymox Pharmaceutical Corporation (NASDAQ:NYMX) has an insider ownership of 6.00%.

Nymox Pharmaceutical Corporation is engaged in the research and development of drugs and diagnostic products. The company offers products such as AlzheimAlert, NicAlert and TobacAlert tests. It markets its products primarily in the United States, Canada, and Europe. Nymox Pharmaceutical Corporation is based in St Laurent, Canada.

Nymox Pharmaceutical Corporation (NASDAQ:NYMX) has been storming Wallstreet with solid press release. Recently, the company announced that according to the March 2017 study commissioned by RetailMeNot and conducted by Forrester Consulting, the company’s mobile marketing solutions generate a three-year, risk-adjusted return on investment (ROI) of 4.3x.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The 5 day EMA 4.28 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 3.95 is also higher than the current trading price depicting a bearish trend overall..

The Barchart Technical Opinion rating is a 16% Sell with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Weak.

Nymox Pharmaceutical Corporation (NASDAQ:NYMX) is all set to announce its earnings on May 15. As per Zack’s analyst ratings, Nymox Pharmaceutical Corporation (NASDAQ:NYMX) currently has an average brokerage rating of . On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:NYMX) is $ with a high of $ and a low of $.

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 36.23 suggesting a bearish price action.

Nymox Pharmaceutical Corporation (NASDAQ:NYMX) provided an update today on the Company’s development activities for Fexapotide Triflutate, its new drug for prostate enlargement. The Company is very pleased with the progress it has made, which is in line with its previous timeline announcements. The Company now expects to submit its initial filing seeking approval for Fexapotide Triflutate in the next few weeks. Nymox intends to provide fuller details at the above time.

As such, while we believe Nymox Pharmaceutical Corporation (NASDAQ:NYMX) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.