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Stock impact report

Recursion Pharmaceuticals (RXRX) Surges 8.2%: Is This an Indication of Further Gains? [Yahoo! Finance]

Recursion Pharmaceuticals, Inc. - Class A (RXRX) 
Company Research Source: Yahoo! Finance
The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.2% gain over the past four weeks. The price rise can be attributed to the growing investor optimism regarding the potential of Recursion's early-stage oncology pipeline being developed using its AI-driven platform technology. This biotechnology company is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of -2.9%. Revenues are expected to be $17.45 million, down 33.1% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For Recursion Pharmaceuticals, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price u Show less Read more
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