Cidara Therapeutics (NASDAQ:CDTX) Issues Earnings Results

Cidara Therapeutics (NASDAQ:CDTX) announced its earnings results on Thursday. The biotechnology company reported ($0.49) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.55) by $0.06, Bloomberg Earnings reports.

Shares of CDTX stock remained flat at $$1.30 during trading hours on Friday. The stock had a trading volume of 104,471 shares, compared to its average volume of 176,940. Cidara Therapeutics has a 1-year low of $1.23 and a 1-year high of $4.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.19 and a quick ratio of 3.19. The firm has a 50-day simple moving average of $1.58.

CDTX has been the subject of a number of recent research reports. Oppenheimer initiated coverage on shares of Cidara Therapeutics in a report on Wednesday, June 5th. They issued an “outperform” rating and a $6.00 target price for the company. ValuEngine upgraded Cidara Therapeutics from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered Cidara Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Cantor Fitzgerald dropped their price target on Cidara Therapeutics from $15.00 to $8.00 and set a “reduce” rating on the stock in a research note on Wednesday, June 12th. Finally, Wedbush lowered Cidara Therapeutics from an “outperform” rating to a “neutral” rating and set a $2.00 price target on the stock. in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Cidara Therapeutics currently has an average rating of “Hold” and an average target price of $4.56.

About Cidara Therapeutics

Cidara Therapeutics, Inc, a biopharmaceutical company, focuses on the discovery, development, and commercialization of anti-infectives for the treatment of diseases. Its lead product candidate is rezafungin acetate, a molecule in the echinocandin class of antifungals for the treatment and prevention of serious invasive fungal infections, including candidemia and invasive candidiasis, fungal infections associated with high mortality rates.

Featured Story: Terms to Better Understand Call Options

Earnings History for Cidara Therapeutics (NASDAQ:CDTX)

Receive News & Ratings for Cidara Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cidara Therapeutics and related companies with's FREE daily email newsletter.