Are Acadia Pharmaceuticals Inc(ACAD), Box Inc(BOX) and Neuralstem Inc(CUR) Worth Investing In At This Time?
New York, NY – GDP INSIDER – 03/13/2015.
This article discusses three companies: Acadia Pharmaceuticals Inc(NASDAQ:ACAD), Box Inc(NYSE:BOX) and Neuralstem Inc(NYSEMKT:CUR)
Acadia Pharmaceuticals Inc(NASDAQ:ACAD) closed down 22.21% or $9.94 at $24.82 yesterday, on very heavy trading of 15.279 million shares compared to its three month average trading volume of 1.532 million. The drop came after the company announced that it was going to postpone filing for FDA approval on its new drug Nuplazid until later this year, instead of in the current quarter as originally planned. This, combined with the retirement of the current CEO, removed most of the gains that the company has made in the last month. Given the fluid situation it is better to hold than buy.
Box Inc(NYSE:BOX) took a sharp tumble yesterday dropping 11.35% or $2.33 to close at $18.20 on higher than average trading volume of 6.828 million shares. The sell off began after the cloud company announced its fourth quarter and full year financial results, which were an unexpectedly large diluted loss of $1.65 per share, compared to the market consensus estimate of $1.17. Box Inc also announced that the loss making situation is likely to continue as its revenue growth is slower than expected. With no good news on the horizon it is better to sell at this time.
Neuralstem, Inc.(NYSEMKT:CUR) plummeted 36.63% or $1.37 yesterday, to close at $2.37 on very heavy trading of 11.289 million shares compared to its three month average trading volume of 0.971 million. This came after the human stem cell research and development company announced the latest results from its phase II study of NSI-566, which were resoundingly disparaged by the scientific community as overly optimistic, as they cherry picked the best results rather than presenting a true picture. Even with its RSI now at 23.58, without market confidence it will struggle to recover, so better to sell than hold.
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