Stock analysts at HC Wainwright began coverage on shares of Soligenix Inc. (NASDAQ:SNGX) in a note issued to investors on Monday. The firm set a “buy” rating on the biopharmaceutical company’s stock.
Separately, Maxim Group reissued a “buy” rating and set a $4.00 price objective on shares of Soligenix in a research report on Monday, June 19th.
Soligenix (SNGX) opened at 2.07 on Monday. The firm’s 50-day moving average is $2.30 and its 200-day moving average is $2.50. The company’s market cap is $11.74 million. Soligenix has a 52-week low of $2.07 and a 52-week high of $14.40.
Soligenix (NASDAQ:SNGX) last issued its earnings results on Thursday, May 11th. The biopharmaceutical company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.02. The company had revenue of $1.30 million during the quarter. Soligenix had a negative return on equity of 102.83% and a negative net margin of 41.74%. On average, equities research analysts anticipate that Soligenix will post ($0.98) EPS for the current year.
In related news, major shareholder Randal J. Kirk sold 160,968 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $3.12, for a total transaction of $502,220.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.03% of the stock is currently owned by company insiders.
Soligenix, Inc is a late-stage biopharmaceutical company. The Company is focused on developing and commercializing products to treat rare diseases. The Company operates through two segments: BioTherapeutics and Vaccines/BioDefense. Its BioTherapeutics segment is developing a photodynamic therapy (SGX301) utilizing topical synthetic hypericin activated with safe visible light for the treatment of cutaneous T-cell lymphoma (CTCL), formulations of oral beclomethasone 17,21-dipropionate (BDP) for the prevention/treatment of gastrointestinal (GI) disorders characterized by severe inflammation, and its innate defense regulator (IDR) technology, dusquetide (SGX942) for the treatment of oral mucositis in head and neck cancer.
Receive News & Ratings for Soligenix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Soligenix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.