Advaxis (NASDAQ:ADXS) Sees Large Volume Increase

Advaxis, Inc. (NASDAQ:ADXS) shares saw unusually-strong trading volume on Friday . Approximately 16,877,475 shares changed hands during trading, an increase of 555% from the previous session’s volume of 2,575,265 shares.The stock last traded at $0.77 and had previously closed at $0.63.

Separately, Zacks Investment Research downgraded shares of Advaxis from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

The firm’s 50 day simple moving average is $0.38 and its two-hundred day simple moving average is $1.01. The stock has a market capitalization of $11.61 million, a P/E ratio of -0.04 and a beta of 3.43.

Advaxis (NASDAQ:ADXS) last released its quarterly earnings data on Monday, September 9th. The biotechnology company reported ($1.00) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.24) by $0.24. The company had revenue of $0.01 million for the quarter. Advaxis had a negative net margin of 113.67% and a negative return on equity of 67.08%. Analysts expect that Advaxis, Inc. will post -2.7 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of ADXS. JPMorgan Chase & Co. raised its stake in Advaxis by 53,633.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 51,047 shares of the biotechnology company’s stock worth $107,000 after buying an additional 50,952 shares during the period. Sabby Management LLC boosted its holdings in Advaxis by 3,547.9% in the third quarter. Sabby Management LLC now owns 1,521,982 shares of the biotechnology company’s stock worth $403,000 after acquiring an additional 1,480,260 shares in the last quarter. Vanguard Group Inc. grew its stake in Advaxis by 71.1% in the second quarter. Vanguard Group Inc. now owns 230,106 shares of the biotechnology company’s stock valued at $481,000 after acquiring an additional 95,607 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Advaxis by 143.7% in the second quarter. Renaissance Technologies LLC now owns 501,000 shares of the biotechnology company’s stock valued at $1,047,000 after acquiring an additional 295,444 shares during the period. 30.33% of the stock is owned by institutional investors and hedge funds.

Advaxis Company Profile (NASDAQ:ADXS)

Advaxis, Inc, a late-stage biotechnology company, focuses on the discovery, development, and commercialization of Listeria monocytogenes (Lm) technology based antigen delivery product in the United States. It is developing therapies for HPV-related cancers using axalimogene filolisbac (AXAL) for the treatment of head and neck cancer.

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