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Watch for Continued Gains in Shares of IVERIC bio Inc. (ISEE)

IVERIC bio Inc. (NASDAQ:ISEE) traded at a new 52-week high today of $20.99. So far today approximately 899,000 shares have been exchanged, as compared to an average 30-day volume of 7.5 million shares.

IVERIC bio Inc is a biopharmaceutical company focused on the discovery and development of novel treatment options for retinal diseases with significant unmet medical needs. The company is developing both therapeutic product candidates for age-related retinal diseases and gene therapy product candidates for orphan inherited retinal diseases, or IRDs.

Over the past year, IVERIC bio Inc. has traded in a range of $8.37 to $20.99 and is now at $20.24, 142% above that low.

Based on a current price of $20.24, IVERIC bio Inc. is currently 28.1% above its average consensus analyst price target of $14.56.

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