AcelRx Pharmaceuticals, Inc. (ACRX) Set to Announce Earnings on Monday
AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) will be releasing its earnings data before the market opens on Monday, October 30th. Analysts expect AcelRx Pharmaceuticals to post earnings of ($0.28) per share for the quarter.
AcelRx Pharmaceuticals (NASDAQ:ACRX) last posted its quarterly earnings data on Tuesday, August 1st. The specialty pharmaceutical company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.01). The company had revenue of $2.66 million during the quarter, compared to analyst estimates of $2.63 million. On average, analysts expect AcelRx Pharmaceuticals to post $-1.11 EPS for the current fiscal year and $-0.86 EPS for the next fiscal year.
AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) opened at 2.00 on Monday. The company has a 50-day moving average price of $3.59 and a 200 day moving average price of $2.92. The stock’s market cap is $90.76 million. AcelRx Pharmaceuticals, Inc. has a 1-year low of $1.55 and a 1-year high of $5.75.
Several brokerages have recently weighed in on ACRX. Jefferies Group LLC cut shares of AcelRx Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Piper Jaffray Companies restated a “hold” rating and set a $2.00 target price on shares of AcelRx Pharmaceuticals in a research note on Friday, October 13th. Cowen and Company restated a “hold” rating on shares of AcelRx Pharmaceuticals in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of AcelRx Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, ValuEngine upgraded shares of AcelRx Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $7.67.
In related news, insider Pamela P. Palmer purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of $2.95 per share, for a total transaction of $29,500.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lawrence G. Hamel sold 10,161 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $5.29, for a total transaction of $53,751.69. Following the completion of the sale, the insider now owns 16,379 shares in the company, valued at approximately $86,644.91. The disclosure for this sale can be found here. In the last quarter, insiders acquired 37,000 shares of company stock worth $112,280. Corporate insiders own 28.10% of the company’s stock.
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AcelRx Pharmaceuticals Company Profile
AcelRx Pharmaceuticals, Inc is a pharmaceutical company focused on the development and commercialization of therapies for the treatment of moderate-to-severe acute pain. The Company operates through the segment, which includes development and commercialization of product candidates for the treatment of pain.
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