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VolitionRx Limited (AMEX:VNRX): A Fundamentally Weighted Stock for Long-Term Investors

March 17, 2023
in Markets

VolitionRx Limited (AMEX:VNRX) shares traded 11.69% higher at $1.72 on Wall Street last session.

In accordance with the data, 3 analysts cover VolitionRx Limited (AMEX:VNRX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $5.00, we find $5.75. Given the previous closing price of $1.54, this indicates a potential upside of 273.38 percent. VNRX stock price is now -21.02% away from the 50-day moving average and -14.85% away from the 200-day moving average. The market capitalization of the company currently stands at $111.47M.

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It has been rated a hold by 1 analysts and a buy by 2. Brokers who have rated the stock have averaged $5.58 as their price target over the next twelve months.

, while ‘Maxim Group’ rates the stock as ‘Buy’.

In other news, Innes Guy Archibald, Director bought 234,000 shares of the company’s stock on Feb 22. The stock was bought for $409,500 at an average price of $1.75. Upon completion of the transaction, the Director now directly owns 154,504 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 19, Chief Scientific Officer Micallef Jacob Vincent bought 25,000 shares of the business’s stock. A total of $57,500 was incurred on buying the stock at an average price of $2.30. This leaves the insider owning 188,392 shares of the company worth $0.32 million. Insiders disposed of 123,895 shares of company stock worth roughly $0.21 million over the past 1 year. A total of 10.00% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in VNRX stock. A new stake in VolitionRx Limited shares was purchased by SPECTRUM ASSET MANAGEMENT, INC. (NB/CA) during the first quarter worth $96,000. CERITY PARTNERS LLC invested $65,000 in shares of VNRX during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in VolitionRx Limited valued at approximately $51,000. CREATIVE PLANNING acquired a new stake in VNRX for approximately $23,000. NEWEDGE ADVISORS, LLC purchased a new stake in VNRX valued at around $1,000 in the second quarter. In total, there are 36 active investors with 10.40% ownership of the company’s stock.

VolitionRx Limited (AMEX: VNRX) opened at $1.4400 on Thursday. During the past 12 months, VolitionRx Limited has had a low of $1.31 and a high of $3.30. As of last week, the company has a debt-to-equity ratio of 1.27, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for VNRX is $2.1778 and a two-hundred day moving average price translates $2.0201 for the stock.

The latest earnings results from VolitionRx Limited (AMEX: VNRX) was released for Sep, 2022. According to the Diagnostics & Research Company, earnings per share came in at -$0.14, beating analysts’ expectations of -$0.15 by 0.01. This compares to -$0.15 EPS in the same period last year. The company reported revenue of $0.12 million for the quarter, compared to $14000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 757.14 percent. For the current quarter, analysts expect VNRX to generate $280k in revenue.

VolitionRx Limited(VNRX) Company Profile

VolitionRx Limited, a multi-national epigenetics company, engages in the development of blood tests to help diagnose a range of cancers and other diseases worldwide. It sells Nu.Q that detect cancer; Nu.Q Nets, monitoring the immune system; Nu.Q Vet cancer screening test for veterinary applications; Nu.Q Capture capturing and concentrating samples for more accurate diagnosis; and Nu.Q Discover, a solution to profiling nucleosomes. The company operates Nucleosomics a technology platform for blood test. VolitionRx Limited is based in Austin, Texas.

Tags: AMEX:VNRXVNRXVNRX stockVolitionRx Limited

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