Capricor Therapeutics (NASDAQ:CAPR) Given New $12.40 Price Target at HC Wainwright

Capricor Therapeutics (NASDAQ:CAPR) had its target price boosted by HC Wainwright from $3.50 to $12.40 in a research report released on Monday morning, BenzingaRatingsTable reports. HC Wainwright currently has a buy rating on the biotechnology company’s stock.

A number of other analysts have also recently issued reports on the company. ValuEngine cut Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Zacks Investment Research cut Inflarx from a buy rating to a hold rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Capricor Therapeutics has a consensus rating of Hold and a consensus price target of $5.63.

CAPR opened at $5.25 on Monday. Capricor Therapeutics has a 1 year low of $2.53 and a 1 year high of $13.80. The company’s fifty day moving average price is $3.24.

Capricor Therapeutics (NASDAQ:CAPR) last released its quarterly earnings data on Monday, May 13th. The biotechnology company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The firm had revenue of $0.23 million during the quarter, compared to analysts’ expectations of $0.40 million. Capricor Therapeutics had a negative return on equity of 225.30% and a negative net margin of 936.22%. Equities analysts forecast that Capricor Therapeutics will post -3 EPS for the current year.

About Capricor Therapeutics

Capricor Therapeutics, Inc (NASDAQ:CAPR) is a clinical-stage biotechnology company focused on the discovery, development and commercialization of first-in-class biological therapeutics for the treatment of rare disorders. Capricor’s lead candidate, CAP-1002, is an allogeneic cell therapy that is currently in clinical development for the treatment of Duchenne muscular dystrophy.

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