Shares of Rein Therapeutics Inc. (NASDAQ:RNTX – Get Free Report) have been given a consensus rating of “Hold” by the four research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $6.00.
A number of brokerages have recently weighed in on RNTX. Wall Street Zen upgraded Rein Therapeutics from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. HC Wainwright reduced their price objective on shares of Rein Therapeutics from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. Maxim Group assumed coverage on shares of Rein Therapeutics in a report on Monday. They issued a “buy” rating and a $4.00 price objective for the company. Finally, Weiss Ratings cut shares of Rein Therapeutics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday.
Check Out Our Latest Research Report on RNTX
Institutional Trading of Rein Therapeutics
Rein Therapeutics Stock Performance
NASDAQ:RNTX traded down $0.01 during midday trading on Monday, reaching $0.85. 554,610 shares of the stock traded hands, compared to its average volume of 433,444. The stock has a market capitalization of $72.54 million, a P/E ratio of -0.45 and a beta of 1.35. The company has a fifty day moving average of $0.99 and a 200 day moving average of $1.20. Rein Therapeutics has a 12 month low of $0.83 and a 12 month high of $2.18.
Rein Therapeutics (NASDAQ:RNTX – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.30. On average, analysts predict that Rein Therapeutics will post -0.53 EPS for the current fiscal year.
About Rein Therapeutics
Rein Therapeutics is a clinical-stage biotechnology company focused on developing novel immuno-oncology therapies for patients with solid tumors. The company’s core technology is a tumor-activated interleukin-12 (IL-12) prodrug platform, designed to confine cytokine activity to the tumor microenvironment and thereby enhance anti-tumor immunity while minimizing systemic toxicity.
The lead candidate, RT-101, is currently in early-phase clinical trials targeting multiple solid tumor indications, including head and neck cancer and non-small cell lung cancer.
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