Genprex Inc (NASDAQ:GNPX)’s share price reached a new 52-week low during trading on Tuesday following a weaker than expected earnings announcement. The company traded as low as $1.28 and last traded at $1.30, with a volume of 53657 shares trading hands. The stock had previously closed at $1.31.
The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02).
Separately, Maxim Group assumed coverage on shares of Genprex in a research note on Friday, September 14th. They set a “buy” rating and a $5.00 price target on the stock.
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Genprex, Inc, a clinical stage gene therapy company, develops drugs to treat cancer. Its lead product candidate is Oncoprex, an active anti-cancer agent that is in Phase II clinical trials for the treatment of non-small cell lung cancer (NSCLC). It also conducts preclinical research for developing Oncoprex to be administered with immunotherapies in NSCLC; and research into other tumor suppressor genes associated with chromosome.
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