Shares of Lipocine Inc Have Fallen Below Previous 52-Week Low

Published on Thu, 01/11/2018 - 11:15
By Peter Chu in 52 Week high-lows, LPCN, 52 week high/lows, lipocine inc, nasdaq:lpcn

Shares of Lipocine Inc (NASDAQ:LPCN) traded at a new 52-week low today of $1.67. This new low was reached on above average trading volume as 1.4 million shares traded hands, while the average 30-day volume is approximately 223,000 shares.

In the past 52 weeks, shares of Lipocine Inc have traded between the current low of $1.67 and a high of $5.33 and are now at $1.77. Over the last five market days, the 200-day moving average (MA) has gone down 100% while the 50-day MA has declined 100%.

Potential upside of 1,157.0% exists for Lipocine Inc, based on a current level of $1.77 and analysts' average consensus price target of $22.25. The stock should find initial support at its 50-day moving average (MA) of $0.00 and further support at its 200-day MA of $0.00.

Lipocine, Inc. is a specialty pharmaceutical company. The Company's oral delivery solutions are for bioavailable drugs, which are drugs that are absorbed and reach the circulatory system in insufficient amounts.

By Peter Chu
pchu@fnno.com

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