Talphera (NASDAQ:TLPH) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Talphera, Inc. (NASDAQ:TLPH – Get Free Report) shares crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $1.01 and traded as low as $0.77. Talphera shares last traded at $0.9060, with a volume of 1,219,659 shares traded.

Analysts Set New Price Targets

TLPH has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Talphera to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Talphera in a research report on Thursday, October 15th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Talphera in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.00.

Check Out Our Latest Report on TLPH

Talphera Trading Down 12.5%

The firm’s fifty day moving average price is $1.11 and its 200 day moving average price is $1.01. The firm has a market capitalization of $47.03 million, a PE ratio of -4.31 and a beta of 0.77.

Talphera (NASDAQ:TLPH – Get Free Report) last posted its quarterly earnings results on Thursday, November 12th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). As a group, research analysts expect that Talphera, Inc. will post -0.23 EPS for the current year.

Talphera Company Profile

(Get Free Report)

Talphera, Inc., formerly known as AcelRx Pharmaceuticals, is a specialty pharmaceutical company focused on developing and commercializing treatments for acute pain and critical care. The company’s portfolio includes DSUVIA, a sublingual formulation of sufentanil for the management of acute pain in adults in medically supervised settings. Talphera is also developing Niyad, a nafamostat-based anticoagulant intended for use in extracorporeal circuits during continuous renal replacement therapy. The company’s work in this area is aimed at addressing treatment needs in critical care settings.

Further Reading

Receive News & Ratings for Talphera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talphera and related companies with MarketBeat.com's FREE daily email newsletter.