Obseva (NASDAQ:OBSV) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS
Obseva (NASDAQ:OBSV) issued its quarterly earnings results on Thursday. The company reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.82) by $0.19, Fidelity Earnings reports.
Shares of NASDAQ:OBSV traded up $0.19 during midday trading on Friday, hitting $3.00. The stock had a trading volume of 1,136,800 shares, compared to its average volume of 58,388. The company has a market cap of $356.09 million, a P/E ratio of -1.57 and a beta of 0.82. The business’s 50-day simple moving average is $7.74 and its 200-day simple moving average is $10.14. Obseva has a 12 month low of $2.75 and a 12 month high of $16.49. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 0.02.
OBSV has been the subject of several research reports. BidaskClub raised shares of Obseva from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. HC Wainwright reissued a “buy” rating and issued a $44.00 target price on shares of Obseva in a research note on Wednesday, September 4th. Wedbush reissued a “buy” rating and issued a $38.00 target price on shares of Obseva in a research note on Thursday, October 31st. Royal Bank of Canada reissued a “buy” rating on shares of Obseva in a research note on Sunday, August 11th. Finally, ValuEngine raised shares of Obseva from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.75.
ObsEva SA, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for women suffering from reproductive health and pregnancy. It is developing Linzagolix, an oral gonadotropin-releasing hormone receptor antagonist for the treatment of pain associated with endometriosis and heavy menstrual bleeding associated with uterine fibroids in pre-menopausal women; Nolasiban, an oral oxytocin receptor antagonist to enhance clinical pregnancy and live birth rates in women undergoing in vitro fertilization; and OBE022, an oral and selective prostaglandin F2a, or PGF2a receptor antagonist, as a once daily treatment for preterm labor in weeks 24 to 34 of gestational age.
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