Could Vascular Biogenics Ltd. (VBLT) Change Direction After Touching All-Time Low?

March 18, 2018 - By Peter Erickson

The stock of Vascular Biogenics Ltd. (NASDAQ:VBLT) reached all time low today, Mar, 18 and still has $2.14 target or 6.00 % below today’s $2.28 share price. This indicates more downside for the $67.62M company. This technical setup was reported by If the $2.14 PT is reached, the company will be worth $4.06M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 4.21% or $0.1 during the last trading session, reaching $2.275. About 650,977 shares traded or 62.36% up from the average. Vascular Biogenics Ltd. (NASDAQ:VBLT) has risen 78.91% since March 18, 2017 and is uptrending. It has outperformed by 62.21% the S&P500.

Vascular Biogenics Ltd. (NASDAQ:VBLT) Ratings Coverage

Among 5 analysts covering Vascular Biogenics (NASDAQ:VBLT), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Vascular Biogenics had 17 analyst reports since August 24, 2015 according to SRatingsIntel. Chardan Capital Markets downgraded Vascular Biogenics Ltd. (NASDAQ:VBLT) on Friday, March 9 to “Neutral” rating. H.C. Wainwright maintained Vascular Biogenics Ltd. (NASDAQ:VBLT) rating on Tuesday, November 7. H.C. Wainwright has “Buy” rating and $11.0 target. The rating was downgraded by H.C. Wainwright to “Neutral” on Thursday, March 8. The stock of Vascular Biogenics Ltd. (NASDAQ:VBLT) has “Buy” rating given on Tuesday, October 3 by H.C. Wainwright. The firm has “Buy” rating by H.C. Wainwright given on Tuesday, June 28. The rating was maintained by Roth Capital on Monday, September 28 with “Buy”. The company was initiated on Monday, November 9 by Piper Jaffray. The rating was maintained by Chardan Capital Markets with “Buy” on Friday, October 23. JMP Securities maintained Vascular Biogenics Ltd. (NASDAQ:VBLT) on Wednesday, March 9 with “Market Outperform” rating. The stock of Vascular Biogenics Ltd. (NASDAQ:VBLT) has “Mkt Outperform” rating given on Monday, September 21 by JMP Securities.

Vascular Biogenics Ltd., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of treatments for cancer. The company has market cap of $67.62 million. The company's program is based on its proprietary vascular targeting system platform technology, which utilizes genetically targeted therapy to destroy newly formed or angiogenic blood vessels. It currently has negative earnings. The Company’s lead product candidate is VB-111, a gene biologic that is in Phase III clinical trials for the treatment of recurrent glioblastoma, an aggressive form of brain cancer; and has completed Phase II clinical trials for recurrent platinum-resistant ovarian cancer, as well as for iodine-resistant differentiated thyroid cancer.

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