This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Stocks to Watch Under $5

Stocks in this article: SIRI ZQK CRIS IMMU NM

2. Immunomedics (IMMU) focuses on the development of monoclonal antibody-based products for treating cancer, autoimmune and other serious diseases. The company has developed several advanced technologies enabling it to create humanized antibodies, which can be used either singly in unlabeled or naked form, or conjugated with radioactive isotopes, chemotherapeutics, cytokines or toxins, in each case to create highly targeted agents.

Seventy-eight percent of the nine analysts covering the stock recommend a buy on it. The stock's average 12-month price target is $5.13, which is 53.4% higher than the current price, according to a Bloomberg consensus.

For 2012 first quarter, the company recorded net loss of $5.1 million, or 7 cents per share, as compared to net loss of $6.5 million, or 9 cents per share in the year-earlier period. Overall revenue for the quarter grew to $1.1 million from $1.5 million in the same quarter in previous year. Cash and cash equivalents at the end of the quarter were $20.7 million.

In the second half of December, the company and UCB S.A. announced restructuring of the epratuzumab license agreement, providing UCB the flexibility to choose a partner to sublicense its rights for certain territories. In addition, UCB returned its buy-in right for the cancer indication to Immunomedics. Same month, Immunomedics was granted a U.S. patent for increasing longevity and protein yield from a cell culture. Also, the company presented two preclinical studies with an objective to produce potent therapeutics for diverse epithelial carcinomas, including breast cancer.

For Clivatuzumab, the company completed enrollment for the phase Ib/II in patients with advanced pancreatic cancer and has begun preparations to launch a phase III pivotal trial of this agent for 2012.

4 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs