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Why Asterias Biotherapeutics (AST) Could Be Positioned for a Surge?


Asterias Biotherapeutics, Inc. AST is a biotechnology company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AST’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Asterias Biotherapeutics could be a solid choice for investors.

Current Quarter Estimates for AST

In the past 30 days, 1 estimate has gone higher for Asterias Biotherapeutics with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 20 cents a share 30 days ago, to a loss of 17 cents today, a move of 15%.

Current Year Estimates for AST

Meanwhile, Asterias Biotherapeutics’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 84 cents per share 30 days ago to a loss of 75 cents per share today, an increase of 10.7%.

ASTERIAS BIOTHR Price and Consensus


Bottom Line

The stock has also started to move higher lately, adding 54.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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