Maxim Group Thinks Yield10 Bioscience Inc’s Stock is Going to Recover


Maxim Group analyst James Jang reiterated a Buy rating on Yield10 Bioscience Inc (NASDAQ: YTEN) today and set a price target of $7. The company’s shares opened today at $1.34, close to its 52-week low of $1.12.

Jang noted:

“Today before market open, YTEN announced it granted a research license to Forage Genetics to evaluate novel yield traits in sorghum. Forage Genetics, a subsidiary of Land O’Lakes (private) devoted to seed technologies, will evaluate five novel traits within its sorghum development program to attempt to improve biomass yields. We view the research license as a long term positive, as sorghum is a leading North American export; additionally, China imports ~96% of sorghum from the U.S. We reiterate our Buy rating and $7 Price Target.”

According to TipRanks.com, Jang is a 4-star analyst with an average return of 15.2% and a 44.2% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Dynagas LNG Partners LP, and Nordic American Tanker.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yield10 Bioscience Inc with a $7 average price target.

See today’s analyst top recommended stocks >>

Based on Yield10 Bioscience Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.39 million. In comparison, last year the company had a GAAP net loss of $2.73 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Yield10 Bioscience, Inc. is an agricultural bioscience company, which focuses on the development of technologies to produce step-change improvements in crop yield for food and feed crops to enhance global food security. The company was founded by Anthony J. Sinskey, Simon F. Williams and Oliver P. Peoples in June 1992 and is headquartered in Woburn, MA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts