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Bicycle Therapeutics (BCYC) Soars 5.7%: Is Further Upside Left in the Stock?
BCYCBicycle Therapeutics(BCYC) ZACKS·2024-10-14 10:40

Company Overview - Bicycle Therapeutics PLC shares increased by 5.7% to close at 26.46,followingaperiodof8.126.46, following a period of 8.1% loss over the past four weeks, indicating a significant rebound in investor interest [1] - The rise in share price is driven by investor expectations regarding the company's pipeline of novel molecules developed through proprietary technology [1] - The company is currently evaluating its lead drug, zelenectide pevedotin, in the registrational phase II/III Duravelo-2 study for metastatic urothelial cancer [1] Financial Expectations - Bicycle Therapeutics is projected to report a quarterly loss of 0.78 per share, reflecting a year-over-year change of +38.1% [1] - Expected revenues for the upcoming report are 8.16million,whichrepresentsa52.58.16 million, which represents a 52.5% increase from the same quarter last year [1] Industry Context - Bicycle Therapeutics is part of the Zacks Medical - Biomedical and Genetics industry, which includes other companies like Voyager Therapeutics [2] - Voyager Therapeutics has a Zacks Rank of 1 (Strong Buy) and reported a 4.5% increase in its stock price, closing at 7.18 [2][3] - The consensus EPS estimate for Voyager Therapeutics has remained unchanged at -$0.52, showing an 11.9% improvement from the previous year [3]