Soligenix Inc. (SNGX) Given a $11.00 Price Target by HC Wainwright Analysts
HC Wainwright set a $11.00 price objective on Soligenix Inc. (NASDAQ:SNGX) in a research note issued to investors on Monday. The brokerage currently has a buy rating on the biopharmaceutical company’s stock.
Separately, Maxim Group increased their price target on shares of Soligenix from $4.00 to $5.00 and gave the company a buy rating in a research report on Monday.
Soligenix (NASDAQ SNGX) opened at 2.18 on Monday. The company has a 50-day moving average of $2.27 and a 200-day moving average of $2.44. Soligenix has a 52-week low of $2.17 and a 52-week high of $14.40. The company’s market cap is $12.36 million.
Soligenix (NASDAQ:SNGX) last issued its quarterly earnings results on Friday, August 11th. The biopharmaceutical company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by $0.09. Soligenix had a negative net margin of 86.15% and a negative return on equity of 129.88%. The business had revenue of $1 million for the quarter, compared to the consensus estimate of $1.43 million. On average, equities research analysts expect that Soligenix will post ($1.40) earnings per share for the current fiscal year.
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.
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