Aligos Therapeutics (NASDAQ:ALGS - Get Free Report)'s stock had its "buy" rating reiterated by analysts at HC Wainwright in a report issued on Monday,Benzinga reports. They currently have a $70.00 price objective on the stock.
Aligos Therapeutics Stock Performance
ALGS stock traded down $1.24 during trading on Monday, hitting $5.25. The stock had a trading volume of 207,161 shares, compared to its average volume of 175,629. Aligos Therapeutics has a 1-year low of $5.12 and a 1-year high of $46.80. The stock has a market cap of $32.07 million, a price-to-earnings ratio of -0.39 and a beta of 2.72. The company's 50 day moving average price is $17.15 and its two-hundred day moving average price is $20.02.
Aligos Therapeutics (NASDAQ:ALGS - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported ($13.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.63) by ($10.45). The firm had revenue of $0.63 million for the quarter, compared to analysts' expectations of $0.43 million. Aligos Therapeutics had a negative net margin of 1,283.19% and a negative return on equity of 114.34%. During the same period in the previous year, the company posted ($5.50) EPS. As a group, sell-side analysts forecast that Aligos Therapeutics will post -10.36 earnings per share for the current fiscal year.
Institutional Trading of Aligos Therapeutics
A number of hedge funds have recently added to or reduced their stakes in ALGS. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Aligos Therapeutics by 48.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 325,000 shares of the company's stock worth $12,948,000 after acquiring an additional 106,187 shares during the period. Trexquant Investment LP acquired a new position in Aligos Therapeutics during the fourth quarter worth approximately $2,751,000. Avantax Advisory Services Inc. purchased a new position in Aligos Therapeutics during the fourth quarter worth approximately $1,218,000. Geode Capital Management LLC boosted its holdings in shares of Aligos Therapeutics by 13.3% in the 4th quarter. Geode Capital Management LLC now owns 27,253 shares of the company's stock valued at $1,086,000 after purchasing an additional 3,197 shares during the last quarter. Finally, Drive Wealth Management LLC purchased a new stake in shares of Aligos Therapeutics during the 4th quarter valued at $916,000. 60.43% of the stock is owned by institutional investors and hedge funds.
Aligos Therapeutics Company Profile
(
Get Free Report)
Aligos Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on the development of novel therapeutics to address unmet medical needs in viral and liver diseases. Its drug candidate, ALG-055009, a small molecule THR-ß agonist that is in the Phase 2a clinical trial for the treatment of non-alcoholic steatohepatitis (NASH).
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