Abeona Therapeutics Inc. (NASDAQ:ABEO – Get Free Report) SVP Brendan O’malley sold 6,305 shares of Abeona Therapeutics stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $5.30, for a total transaction of $33,416.50. Following the sale, the senior vice president owned 440,003 shares of the company’s stock, valued at approximately $2,332,015.90. The trade was a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Abeona Therapeutics Price Performance
ABEO stock opened at $5.53 on Friday. The firm has a 50 day moving average of $5.42 and a 200-day moving average of $5.17. Abeona Therapeutics Inc. has a 12-month low of $4.00 and a 12-month high of $7.54. The company has a current ratio of 5.89, a quick ratio of 5.70 and a debt-to-equity ratio of 0.03. The company has a market cap of $315.15 million, a price-to-earnings ratio of 5.70 and a beta of 1.35.
Abeona Therapeutics (NASDAQ:ABEO – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The biopharmaceutical company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.03. The company had revenue of $8.72 million for the quarter, compared to analyst estimates of $4.57 million. As a group, equities analysts expect that Abeona Therapeutics Inc. will post -0.79 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on ABEO shares. Wall Street Zen upgraded shares of Abeona Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Monday, June 1st. Oppenheimer reiterated an “outperform” rating on shares of Abeona Therapeutics in a research report on Monday, March 9th. HC Wainwright reiterated a “buy” rating and set a $20.00 price target on shares of Abeona Therapeutics in a research report on Thursday, May 28th. Finally, Stifel Nicolaus set a $17.00 price objective on shares of Abeona Therapeutics in a research note on Tuesday, March 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.00.
Get Our Latest Stock Analysis on ABEO
Abeona Therapeutics Company Profile
Abeona Therapeutics is a clinical‐stage biopharmaceutical company focused on the development and commercialization of gene and cell therapies for severe, life‐threatening rare diseases and oncology indications. Founded in 2014 and headquartered in Cleveland, Ohio, Abeona leverages proprietary viral and non‐viral delivery platforms to correct or compensate for underlying genetic deficiencies. The company’s research efforts target pediatric neurodegenerative disorders as well as debilitating dermatologic conditions with high unmet medical need.
The company’s lead clinical programs include separate AAV‐based gene therapies for CLN1 and CLN3 forms of neuronal ceroid lipofuscinosis, alongside an ex vivo autologous cell therapy for recessive dystrophic epidermolysis bullosa.
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