Advaxis (NASDAQ:ADXS) issued its quarterly earnings data on Monday. The biotechnology company reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.06, Yahoo Finance reports. Advaxis had a negative net margin of 776.63% and a negative return on equity of 114.00%. The business had revenue of $2.06 million during the quarter, compared to analysts’ expectations of $3.03 million.
Shares of Advaxis (ADXS) traded down $0.34 during trading hours on Tuesday, hitting $1.87. 1,561,027 shares of the company’s stock were exchanged, compared to its average volume of 1,159,203. Advaxis has a 1-year low of $1.75 and a 1-year high of $9.55. The stock has a market cap of $112.65, a PE ratio of -0.96 and a beta of 1.06.
A number of equities analysts have commented on the stock. Cantor Fitzgerald set a $5.00 price objective on shares of Advaxis and gave the stock a “buy” rating in a research note on Tuesday. ValuEngine raised shares of Advaxis from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, HC Wainwright set a $23.00 price objective on shares of Advaxis and gave the stock a “buy” rating in a research note on Wednesday, December 27th.
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Advaxis, Inc is a clinical-stage biotechnology company focused on the discovery, development and commercialization of Listeria monocytogenes (Lm)-Listeriolysin O (LLO) cancer immunotherapies. These immunotherapies are based on a platform technology that utilizes live attenuated Lm bioengineered to secrete antigen/adjuvant fusion proteins.
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