OncoGenex Pharmaceuticals Hits New 12-Month Low at $3.25 (OGXI)
OncoGenex Pharmaceuticals (NASDAQ:OGXI)’s share price reached a new 52-week low on Tuesday , AnalystRatings.NET reports. The stock traded as low as $3.25 and last traded at $3.31, with a volume of 210,884 shares changing hands. The stock had previously closed at $3.48.
A number of research firms have recently commented on OGXI. Analysts at Stifel Nicolaus cut their price target on shares of OncoGenex Pharmaceuticals from $21.00 to $9.00 in a research note on Tuesday, April 29th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital downgraded shares of OncoGenex Pharmaceuticals from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, April 29th. They now have a $4.50 price target on the stock, down previously from $19.00. Finally, analysts at Needham & Company LLC downgraded shares of OncoGenex Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 28th. They now have a $14.00 price target on the stock, down previously from $30.00.
The stock has a 50-day moving average of $3.63 and a 200-day moving average of $8.19. The company’s market cap is $50.3 million.
OncoGenex Pharmaceuticals (NASDAQ:OGXI) last announced its earnings results on Wednesday, April 30th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by $0.09. Analysts expect that OncoGenex Pharmaceuticals will post $-2.07 EPS for the current fiscal year.
OncoGenex Pharmaceuticals, Inc (NASDAQ:OGXI) is a biopharmaceutical company engaged in the development and commercialization of new cancer therapies that address treatment resistance in cancer patients.
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