InflaRx (NASDAQ:IFRX – Get Free Report) posted its earnings results on Friday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04), Zacks reports.
InflaRx Stock Performance
Shares of NASDAQ:IFRX traded up $0.12 on Friday, reaching $1.84. The company’s stock had a trading volume of 1,167,412 shares, compared to its average volume of 890,553. InflaRx has a 52-week low of $0.78 and a 52-week high of $2.95. The company has a market cap of $133.01 million, a P/E ratio of -3.17 and a beta of 2.48. The company has a 50-day simple moving average of $1.89 and a 200 day simple moving average of $1.53.
Institutional Trading of InflaRx
Several hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC grew its holdings in InflaRx by 33.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 30,053 shares of the company’s stock valued at $31,000 after purchasing an additional 7,616 shares during the last quarter. Boothbay Fund Management LLC boosted its position in shares of InflaRx by 10.8% during the third quarter. Boothbay Fund Management LLC now owns 175,114 shares of the company’s stock valued at $235,000 after buying an additional 17,056 shares during the period. Squarepoint Ops LLC boosted its position in shares of InflaRx by 29.1% during the third quarter. Squarepoint Ops LLC now owns 188,523 shares of the company’s stock valued at $253,000 after buying an additional 42,489 shares during the period. HRT Financial LP bought a new position in shares of InflaRx during the fourth quarter valued at approximately $47,000. Finally, Insigneo Advisory Services LLC bought a new position in shares of InflaRx during the fourth quarter valued at approximately $61,000. 42.39% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on InflaRx
About InflaRx
InflaRx N.V. is a clinical‐stage biopharmaceutical company focused on the discovery, development and commercialization of novel therapies targeting the complement system, with an emphasis on the complement‐1a (C5a) pathway. The company’s lead product candidate, vilobelimab (IFX‐1), is a monoclonal antibody designed to selectively inhibit C5a, a potent pro‐inflammatory peptide implicated in a range of autoimmune and inflammatory diseases. InflaRx seeks to address high‐unmet medical needs by advancing treatments for conditions such as hidradenitis suppurativa, pyoderma gangrenosum and other rare and severe inflammatory disorders.
Vilobelimab has been evaluated in multiple Phase II trials, demonstrating proof of concept in reducing key inflammatory markers and improving clinical outcomes.
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