Tonix Pharmaceuticals (TNXP) Rating Lowered to Strong Sell at ValuEngine
Tonix Pharmaceuticals (NASDAQ:TNXP) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.
Other equities research analysts have also issued reports about the company. Dawson James reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Tonix Pharmaceuticals in a research note on Wednesday, August 23rd. Drexel Hamilton initiated coverage on Tonix Pharmaceuticals in a research report on Tuesday, August 22nd. They set a “buy” rating on the stock. Finally, Roth Capital raised Tonix Pharmaceuticals from a “neutral” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Friday, August 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $8.33.
Tonix Pharmaceuticals (NASDAQ:TNXP) opened at $4.05 on Friday. Tonix Pharmaceuticals has a one year low of $2.85 and a one year high of $9.40.
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About Tonix Pharmaceuticals
Tonix Pharmaceuticals Holding Corp., a clinical-stage pharmaceutical company, engages in developing pharmaceutical products for central nervous system disorders. The companys lead program focuses on post-traumatic stress disorder (PTSD) that is characterized by chronic disability, inadequate treatment options, high utilization of healthcare services, and economic burden.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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