You think Durect Corp. (NASDAQ:DRRX) is a blank check?


Shares of DURECT Corporation (NASDAQ:DRRX) are currently poised at -3.95% from the open today and are trading at $1.07. More than 5,509,390 shares have exchanged hands compared to an average trading volume of 353.48K. At the current pps, the market cap stands at $114.82M. The stock prices of DURECT Corporation (NASDAQ:DRRX) are currently trading at -46.69% below its 52 week high and 44.08% above its 52 week low.

In conjunction with DURECT Corporation’s (NASDAQ:DRRX) first quarter 2017 financial results press release, you are invited to listen to a conference call that will be broadcast live over the internet on Wednesday, May 10, 2017 at 4:30 pm Eastern Time (1:30 pm Pacific Time).

DURECT Corporation (NASDAQ:DRRX) is all set to announce its earnings on May 10/a. As per Zack’s analyst ratings, DURECT Corporation (NASDAQ:DRRX) currently has an average brokerage rating of 2. 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:DRRX) is $3.416 with a high of $6 and a low of $1.25.

Let’s take a look at the technical analysis.

The Barchart Technical Opinion rating is a 48% Buy with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators mostly agree with the trend.

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 0.81 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 0.94 is also higher than the current trading price depicting a bearish trend overall.

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 33.83 suggesting a bearish price action.

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

Durect Corp. is pioneering the treatment of chronic diseases and conditions by developing and commercializing pharmaceutical systems to deliver the right drug to the right place in the right amount at the right time. Its pharmaceutical systems combine engineering innovations and delivery technology from the medical device and drug delivery industries with its proprietary pharmaceutical and biotechnology drug formulations.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.