Abeona Therapeutics Inc (NASDAQ:ABEO) was the target of a significant increase in short interest in December. As of December 29th, there was short interest totalling 8,311,831 shares, an increase of 17.7% from the December 15th total of 7,058,902 shares. Based on an average daily volume of 633,976 shares, the short-interest ratio is presently 13.1 days. Currently, 27.3% of the company’s stock are short sold.
Abeona Therapeutics (NASDAQ ABEO) opened at $15.85 on Friday. Abeona Therapeutics has a 12-month low of $4.50 and a 12-month high of $22.75. The company has a market cap of $741.39, a PE ratio of -24.38 and a beta of 2.34.
Abeona Therapeutics (NASDAQ:ABEO) last announced its quarterly earnings data on Wednesday, November 15th. The biopharmaceutical company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.05. Abeona Therapeutics had a negative net margin of 2,439.73% and a negative return on equity of 23.95%. The company had revenue of $0.22 million during the quarter, compared to the consensus estimate of $0.22 million. equities analysts anticipate that Abeona Therapeutics will post -0.6 earnings per share for the current year.
A number of research analysts recently weighed in on the stock. Cantor Fitzgerald raised their target price on shares of Abeona Therapeutics from $21.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 target price (up previously from $20.00) on shares of Abeona Therapeutics in a research report on Monday, October 9th. Citigroup assumed coverage on shares of Abeona Therapeutics in a research report on Tuesday, October 10th. They issued a “buy” rating and a $32.00 target price for the company. ValuEngine downgraded shares of Abeona Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of Abeona Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $26.10.
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Abeona Therapeutics Company Profile
Abeona Therapeutics Inc is a clinical-stage biopharmaceutical company developing novel gene therapies for life-threatening rare genetic diseases. The Company’s lead programs include ABO-102 (AAV-SGSH), an adeno-associated virus (AAV) based gene therapy for Sanfilippo syndrome type A (MPS IIIA) and EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB).
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