Genelux (NASDAQ:GNLX – Get Free Report) issued its quarterly earnings data on Friday. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.09), Zacks reports.
Genelux Trading Up 1.7 %
GNLX stock opened at $3.08 on Friday. The firm has a 50-day moving average price of $4.06 and a 200-day moving average price of $3.10. Genelux has a 12 month low of $1.60 and a 12 month high of $6.50. The stock has a market capitalization of $106.38 million, a P/E ratio of -3.24 and a beta of -1.41.
Wall Street Analyst Weigh In
Separately, HC Wainwright reaffirmed a “buy” rating and set a $30.00 target price on shares of Genelux in a report on Tuesday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Genelux currently has an average rating of “Buy” and a consensus price target of $18.25.
Genelux Company Profile
Genelux Corporation, a clinical-stage biopharmaceutical company, focuses on developing next-generation oncolytic viral immunotherapies for patients suffering from aggressive and/or difficult-to-treat solid tumor types. Its lead product candidate is Olvi-Vec, a proprietary modified strain of the vaccinia virus for the treatment of ovarian cancer and non-small cell lung cancer.
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