HC Wainwright reaffirmed their buy rating on shares of XOMA (NASDAQ:XOMA – Free Report) in a research report released on Thursday, Benzinga reports. HC Wainwright currently has a $74.00 price objective on the biotechnology company’s stock.
XOMA Price Performance
NASDAQ:XOMA opened at $25.36 on Thursday. XOMA has a 52-week low of $13.48 and a 52-week high of $27.00. The stock has a 50-day simple moving average of $24.80 and a 200 day simple moving average of $20.34. The company has a current ratio of 8.68, a quick ratio of 8.68 and a debt-to-equity ratio of 1.34.
XOMA (NASDAQ:XOMA – Get Free Report) last posted its quarterly earnings results on Friday, March 8th. The biotechnology company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.13). The company had revenue of $1.83 million for the quarter, compared to analyst estimates of $1.01 million. XOMA had a negative return on equity of 25.17% and a negative net margin of 886.91%. As a group, sell-side analysts forecast that XOMA will post -1.73 EPS for the current fiscal year.
Institutional Inflows and Outflows
About XOMA
XOMA Corporation operates as a biotech royalty aggregator in the United States and the Asia Pacific. It has a portfolio of economic rights to future potential milestone and royalty payments associated with partnered commercial and pre-commercial therapeutic candidates. The company also focuses on early to mid-stage clinical assets primarily in Phase 1 and 2 with commercial sales potential that are licensed to partners; and acquires milestone and royalty revenue streams on late-stage clinical or commercial assets.
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