Immix Biopharma (NASDAQ:IMMX) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Immix Biopharma (NASDAQ:IMMX) released its quarterly earnings data on Tuesday. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08), Zacks reports.

Immix Biopharma Stock Performance

Shares of NASDAQ:IMMX traded up $0.05 during midday trading on Thursday, reaching $1.62. 6,793 shares of the company’s stock traded hands, compared to its average volume of 177,367. Immix Biopharma has a one year low of $1.26 and a one year high of $7.75. The company has a market cap of $44.33 million, a price-to-earnings ratio of -1.90 and a beta of 0.11. The stock has a 50 day moving average of $1.66 and a 200 day moving average of $1.97.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $7.00 price objective on shares of Immix Biopharma in a report on Thursday, October 3rd.

Immix Biopharma Company Profile

Immix Biopharma, Inc, a clinical-stage biopharmaceutical company, engages in developing tissue-specific therapeutics in oncology and inflammation in the United States and Australia. The company is developing IMX-110 that is in Phase 1b/2a clinical trials for the treatment of soft tissue sarcoma and solid tumors; IMX-111, a tissue-specific biologic for the treatment of colorectal cancers; and IMX-120, a tissue-specific biologic for the treatment of ulcerative colitis and severe Crohn's disease.