Shares of Lipocine Inc. (NASDAQ:LPCN) traded at a new 52-week low today of $0.34. So far today approximately 414,000 shares have been exchanged, as compared to an average 30-day volume of 993,000 shares.
Lipocine Inc. has overhead space with shares priced $0.35, or 80.3% below the average consensus analyst price target of $1.75. The stock should find initial support at its 50-day moving average (MA) of $0.00 and further support at its 200-day MA of $0.00.
Over the past year, Lipocine Inc. has traded in a range of $0.34 to $3.45 and is now at $0.35. The 200-day and 50-day moving averages have moved 100% lower and 100% lower over the past week, respectively.
Lipocine, Inc. operates as a specialty pharmaceutical company. The Company offers oral delivery solutions for bioavailable drugs which absorbed and reach the circulatory system in insufficient amounts. Lipocine serves patients in the United States.
NetworkNewsWire is monitoring the Pharmaceuticals Industry for any potential shift so investors can protect gains.
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