Soligenix Inc. (NASDAQ:SNGX) posted its quarterly earnings results on Friday. The biopharmaceutical company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by $0.09, Bloomberg Earnings reports. Soligenix had a negative net margin of 41.74% and a negative return on equity of 102.83%. The business had revenue of $1 million for the quarter, compared to analysts’ expectations of $1.43 million.

Shares of Soligenix (SNGX) traded down 9.13% during trading on Friday, hitting $2.04. 128,611 shares of the stock traded hands. The stock’s market cap is $11.57 million. Soligenix has a 12 month low of $1.90 and a 12 month high of $8.50. The firm’s 50-day moving average price is $2.25 and its 200-day moving average price is $2.44.

Several analysts have issued reports on SNGX shares. Maxim Group set a $4.00 price target on shares of Soligenix and gave the company a “buy” rating in a research report on Wednesday, May 3rd. HC Wainwright started coverage on shares of Soligenix in a research report on Monday, July 17th. They set a “buy” rating for the company.

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About Soligenix

Soligenix, Inc is a late-stage biopharmaceutical company. The Company is focused on developing and commercializing products to treat rare diseases. The Company operates through two segments: BioTherapeutics and Vaccines/BioDefense. Its BioTherapeutics segment is developing a photodynamic therapy (SGX301) utilizing topical synthetic hypericin activated with safe visible light for the treatment of cutaneous T-cell lymphoma (CTCL), formulations of oral beclomethasone 17,21-dipropionate (BDP) for the prevention/treatment of gastrointestinal (GI) disorders characterized by severe inflammation, and its innate defense regulator (IDR) technology, dusquetide (SGX942) for the treatment of oral mucositis in head and neck cancer.

Earnings History for Soligenix (NASDAQ:SNGX)

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