In yesterday’s Wall Street session, Angion Biomedica Corp. (NASDAQ:ANGN) shares traded at $0.70, up 9.32% from the previous session.
1 analysts cover Angion Biomedica Corp. (NASDAQ:ANGN), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.50 and a low of $1.50, we find $1.50. Given the previous closing price of $0.64, this indicates a potential upside of 134.38 percent. ANGN stock price is now -16.77% away from the 50-day moving average and -37.83% away from the 200-day moving average. The market capitalization of the company currently stands at $22.11M.
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The stock has received a hold rating from 1 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $1.50 as their price target over the next twelve months.
With the price target of $40, Stifel recently initiated with Buy rating for Angion Biomedica Corp. (NASDAQ: ANGN). On March 02, 2021, Oppenheimer recently initiated its ‘Outperform’ rating on the stock quoting a target price of $38, while ‘Cowen’ rates the stock as ‘Outperform’.
In other news, Venkatesan Jay, insider bought 11,313 shares of the company’s stock on May 25. The stock was bought for $14,103 at an average price of $1.25. Upon completion of the transaction, the insider now directly owns 1,891,947 shares in the company, valued at $1.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24, See Remarks Venkatesan Jay bought 32,200 shares of the business’s stock. A total of $39,928 was incurred on buying the stock at an average price of $1.24. This leaves the insider owning 1,721,457 shares of the company worth $1.21 million. Insiders disposed of 32,082 shares of company stock worth roughly $22457.399999999998 over the past 1 year. A total of 5.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ANGN stock. A new stake in Angion Biomedica Corp. shares was purchased by TWO SIGMA SECURITIES, LLC during the first quarter worth $10,000. HIGHTOWER ADVISORS, LLC invested $9,000 in shares of ANGN during the first quarter. In the first quarter, MAN GROUP PLC acquired a new stake in Angion Biomedica Corp. valued at approximately $9,000. Y-INTERCEPT (HONG KONG) LTD acquired a new stake in ANGN for approximately $8,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in ANGN valued at around $3,000 in the second quarter. In total, there are 58 active investors with 17.10% ownership of the company’s stock.
On Thursday morning Angion Biomedica Corp. (NASDAQ: ANGN) stock kicked off with the opening price of $0.6400. During the past 12 months, Angion Biomedica Corp. has had a low of $0.59 and a high of $2.94. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 6.90, and a quick ratio of 6.90. The fifty day moving average price for ANGN is $0.8411 and a two-hundred day moving average price translates $1.1259 for the stock.
The latest earnings results from Angion Biomedica Corp. (NASDAQ: ANGN) was released for Jun, 2022. According to the Biotechnology Company, earnings per share came in at -$0.3, beating analysts’ expectations of -$0.46 by 0.16. This compares to -$0.53 EPS in the same period last year. The net profit margin was -61.90% and return on equity was -27.00% for ANGN. For the current quarter, analysts expect ANGN to generate $860k in revenue.
Angion Biomedica Corp.(ANGN) Company Profile
Angion Biomedica Corp., a biopharmaceutical company, focuses on the discovery, development, and commercialization of small molecule therapeutics for acute organ injuries and fibrotic diseases. The company’s lead product candidate is ANG-3070, an oral tyrosine kinase receptor inhibitor in development as a treatment for fibrotic diseases, primarily in the kidney and lung. It also develops ANG-3777, a hepatocyte growth factor mimetic to treat acute organ injuries, such as delayed graft function; ROCK2 inhibitors programs for fibrotic diseases; and CYP11B2 inhibitor program. The company was incorporated in 1998 and is based in Uniondale, New York.
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