Eikon Therapeutics (NASDAQ:EIKN – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($1.63) earnings per share (EPS) for the quarter, FiscalAI reports.
Eikon Therapeutics Stock Down 0.9%
Shares of Eikon Therapeutics stock traded down $0.09 on Thursday, hitting $10.33. The stock had a trading volume of 369,448 shares, compared to its average volume of 367,931. The company has a 50 day moving average of $10.02. The stock has a market capitalization of $559.27 million and a price-to-earnings ratio of -4.20. Eikon Therapeutics has a twelve month low of $7.90 and a twelve month high of $17.40.
Institutional Investors Weigh In On Eikon Therapeutics
Institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG acquired a new position in Eikon Therapeutics in the 2nd quarter valued at approximately $281,000. Bank of New York Mellon Corp bought a new position in shares of Eikon Therapeutics during the second quarter valued at $624,000. Finally, BlackRock Inc. lifted its holdings in shares of Eikon Therapeutics by 29.0% during the second quarter. BlackRock Inc. now owns 4,281,425 shares of the company’s stock worth $55,873,000 after purchasing an additional 962,046 shares during the period.
Analysts Set New Price Targets
About Eikon Therapeutics
We are a late-stage clinical biopharmaceutical company dedicated to building a global, fully-integrated organization developing important, innovative medicines to address serious unmet medical needs. We are led by world-renowned drug developers Dr. Roger M. Perlmutter, M.D., Ph.D., and Dr. Roy Baynes, M.D., Ph.D. Our vision is to become a generational leader, by purposefully integrating traditional biology research with advanced engineering to develop better medicines faster. Our initial focus is oncology, where we are advancing a pipeline of drug candidates targeting areas of high unmet need in large indications.
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