Avenue Therapeutics Inc. (NASDAQ:ATXI) shares traded -1.89% lower at $1.04 on Wall Street last session.
In accordance with the data, 1 analysts cover Avenue Therapeutics Inc. (NASDAQ:ATXI). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $32.00, we find $32.00. Given the previous closing price of $1.06, this indicates a potential upside of 2918.87 percent. ATXI stock price is now -18.43% away from the 50-day moving average and -65.29% away from the 200-day moving average. The market capitalization of the company currently stands at $5.69M.
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It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $32.00 as their price target over the next twelve months.
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In other news, InvaGen Pharmaceuticals, Inc., 10% Owner sold 388,888 shares of the company’s stock on Oct 11. The stock was sold for $2,999,882 at an average price of $7.71. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. Insiders disposed of 388,888 shares of company stock worth roughly $0.4 million over the past 1 year. A total of 17.34% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATXI stock. A new stake in Avenue Therapeutics Inc. shares was purchased by SABBY MANAGEMENT, LLC during the first quarter worth $280,000. BANK OF NEW YORK MELLON CORP invested $57,000 in shares of ATXI during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Avenue Therapeutics Inc. valued at approximately $50,000. VIRTU FINANCIAL LLC acquired a new stake in ATXI for approximately $35,000. GEODE CAPITAL MANAGEMENT, LLC purchased a new stake in ATXI valued at around $12,000 in the second quarter. In total, there are 14 active investors with 1.60% ownership of the company’s stock.
Avenue Therapeutics Inc. (NASDAQ: ATXI) opened at $1.0300 on Wednesday. During the past 12 months, Avenue Therapeutics Inc. has had a low of $0.98 and a high of $16.65. The fifty day moving average price for ATXI is $1.2750 and a two-hundred day moving average price translates $2.9966 for the stock.
The latest earnings results from Avenue Therapeutics Inc. (NASDAQ: ATXI) was released for Sep, 2022.
Avenue Therapeutics Inc.(ATXI) Company Profile
Avenue Therapeutics, Inc., a specialty pharmaceutical company, develops and commercializes products primarily for use in the acute/intensive care hospital setting. Its product candidate is intravenous Tramadol, a synthetic dual-acting opioid, which is in Phase III clinical trials for the treatment of post-operative acute pain. The company was incorporated in 2015 and is based in New York, New York.
