Abeona Therapeutics Inc. (NASDAQ:ABEO – Get Free Report) Director Christine Berni Silverstein sold 18,160 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $5.71, for a total transaction of $103,693.60. Following the transaction, the director owned 119,562 shares of the company’s stock, valued at approximately $682,699.02. This represents a 13.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Abeona Therapeutics Price Performance
Abeona Therapeutics stock opened at $5.65 on Thursday. The company has a market cap of $321.99 million, a price-to-earnings ratio of 5.82 and a beta of 1.35. The firm’s fifty day moving average is $5.49 and its 200 day moving average is $5.19. The company has a quick ratio of 5.70, a current ratio of 5.89 and a debt-to-equity ratio of 0.03. Abeona Therapeutics Inc. has a 52-week low of $4.00 and a 52-week high of $7.54.
Abeona Therapeutics (NASDAQ:ABEO – Get Free Report) last released 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 business had revenue of $8.72 million for the quarter, compared to analysts’ expectations of $4.57 million. Sell-side analysts forecast that Abeona Therapeutics Inc. will post -0.79 EPS for the current fiscal year.
Analyst Ratings Changes
View Our Latest Research Report on ABEO
Institutional Investors Weigh In On Abeona Therapeutics
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Abeona Therapeutics by 49.6% in the first quarter. Royal Bank of Canada now owns 6,500 shares of the biopharmaceutical company’s stock valued at $29,000 after acquiring an additional 2,155 shares during the period. Rangeley Capital LLC increased its stake in Abeona Therapeutics by 4.2% in the 1st quarter. Rangeley Capital LLC now owns 60,000 shares of the biopharmaceutical company’s stock worth $269,000 after buying an additional 2,400 shares during the period. Renaissance Technologies LLC increased its stake in Abeona Therapeutics by 38.6% in the 1st quarter. Renaissance Technologies LLC now owns 161,082 shares of the biopharmaceutical company’s stock worth $722,000 after buying an additional 44,882 shares during the period. Sei Investments Co. increased its stake in Abeona Therapeutics by 142.4% in the 1st quarter. Sei Investments Co. now owns 172,460 shares of the biopharmaceutical company’s stock worth $773,000 after buying an additional 101,307 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in Abeona Therapeutics in the 1st quarter worth about $154,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.
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.
See Also
- Five stocks we like better than Abeona Therapeutics
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Receive News & Ratings for Abeona Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abeona Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.
