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TheStreet Wire

Alexza Stock Soars (ALXA)

By TheStreet Wire 12/13/11 - 09:37 AM EST

Find out if (ALXA) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Alexza Pharmaceuticals (Nasdaq:ALXA) have taken a tremendous swing upward. The stock is trading at 89 cents as of 10:10 a.m. ET, 42.5% above Monday's closing price of 62 cents. Volume is at 6.7 million, 11.9 times the daily average of 565,100.

Alexza has a market cap of $45.1 million and is part of the health care sector and drugs industry. Shares are down 50% year to date as of the close of trading on Monday.

Alexza Pharmaceuticals, Inc., a development stage company, focuses on the research, development, and commercialization of novel proprietary products for the acute treatment of central nervous system conditions. The company has a P/E ratio of 6.8, below the average drugs industry P/E ratio of 62.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alexza as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Alexza Ratings Report.

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