Zacks: Can-Fite Biopharma Ltd (NASDAQ:CANF) Given $19.49 Average Target Price by Brokerages

Shares of Can-Fite Biopharma Ltd (NASDAQ:CANF) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price target of $19.49 for the company and are predicting that the company will post ($0.80) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Can-Fite Biopharma an industry rank of 87 out of 256 based on the ratings given to its competitors.

Separately, HC Wainwright reaffirmed a “buy” rating on shares of Can-Fite Biopharma in a research note on Tuesday, March 26th.

Shares of NASDAQ CANF traded down $0.07 during trading hours on Friday, reaching $3.23. 41,157 shares of the stock traded hands, compared to its average volume of 126,424. Can-Fite Biopharma has a 52-week low of $2.66 and a 52-week high of $25.95. The business’s 50-day moving average is $2.97.

Can-Fite Biopharma (NASDAQ:CANF) last announced its quarterly earnings data on Wednesday, May 29th. The company reported ($1.20) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.94) by $0.74. The firm had revenue of $0.30 million for the quarter.

Can-Fite Biopharma Company Profile

Can-Fite BioPharma Ltd., a clinical-stage biopharmaceutical company, develops small molecule therapeutic products for the treatment of autoimmune-inflammatory, oncological, and liver diseases, as well as sexual dysfunction. The company's lead drug candidate is CF101, which is in Phase III clinical trials for the treatment of rheumatoid arthritis and psoriasis.

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