Tonix Pharmaceuticals Holding Corp. (TNXP) Set to Announce Quarterly Earnings on Wednesday

Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) will be issuing its Q3 2017 quarterly earnings data on Wednesday, November 8th. Analysts expect the company to announce earnings of ($0.69) per share for the quarter.

Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) last issued its quarterly earnings results on Monday, August 14th. The company reported ($0.65) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.78) by $0.13. On average, analysts expect Tonix Pharmaceuticals Holding Corp. to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Shares of Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) opened at $3.77 on Monday. Tonix Pharmaceuticals Holding Corp. has a 52-week low of $2.85 and a 52-week high of $9.40.

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In related news, CEO Seth Lederman acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was acquired at an average price of $3.00 per share, with a total value of $60,000.00. Following the acquisition, the chief executive officer now directly owns 11,166 shares in the company, valued at approximately $33,498. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.

An institutional investor recently raised its position in Tonix Pharmaceuticals Holding Corp. stock. Vanguard Group Inc. grew its stake in Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) by 28.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 184,377 shares of the company’s stock after buying an additional 41,264 shares during the quarter. Vanguard Group Inc. owned 2.46% of Tonix Pharmaceuticals Holding Corp. worth $799,000 as of its most recent SEC filing. Institutional investors and hedge funds own 22.98% of the company’s stock.

TNXP has been the subject of a number of research reports. ValuEngine raised Tonix Pharmaceuticals Holding Corp. from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Drexel Hamilton initiated coverage on Tonix Pharmaceuticals Holding Corp. in a research report on Tuesday, August 22nd. They set a “buy” rating for the company. Dawson James reaffirmed a “buy” rating and set a $9.00 price target on shares of Tonix Pharmaceuticals Holding Corp. in a research report on Wednesday, August 23rd. Finally, Roth Capital raised Tonix Pharmaceuticals Holding Corp. from a “neutral” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Friday, August 18th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $8.33.

Tonix Pharmaceuticals Holding Corp. Company Profile

Tonix Pharmaceuticals Holding Corp., a clinical-stage pharmaceutical company, engages in developing pharmaceutical products for central nervous system disorders. The company’s lead program focuses on post-traumatic stress disorder (PTSD) that is characterized by chronic disability, inadequate treatment options, high utilization of healthcare services, and economic burden.

Earnings History for Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP)

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