Arbutus Biopharma (NASDAQ:ABUS - Get Free Report) released its quarterly earnings data on Thursday. The biopharmaceutical company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01, Zacks reports. Arbutus Biopharma had a negative net margin of 1,137.65% and a negative return on equity of 68.18%. The business had revenue of $1.57 million during the quarter, compared to the consensus estimate of $2.20 million.
Arbutus Biopharma Price Performance
Shares of Arbutus Biopharma stock traded up $0.04 on Tuesday, reaching $3.53. The company had a trading volume of 556,162 shares, compared to its average volume of 1,062,360. The firm's 50-day moving average price is $3.34 and its two-hundred day moving average price is $3.55. Arbutus Biopharma has a 1 year low of $2.30 and a 1 year high of $4.73. The firm has a market cap of $667.96 million, a price-to-earnings ratio of -8.24 and a beta of 1.93.
Analysts Set New Price Targets
A number of brokerages recently commented on ABUS. HC Wainwright reissued a "buy" rating and set a $5.00 price target on shares of Arbutus Biopharma in a research note on Tuesday, January 21st. Chardan Capital reissued a "buy" rating and issued a $5.00 target price on shares of Arbutus Biopharma in a report on Friday. Finally, StockNews.com upgraded shares of Arbutus Biopharma from a "sell" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5.50.
View Our Latest Stock Report on ABUS
About Arbutus Biopharma
(
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Arbutus Biopharma Corporation, a biopharmaceutical company, develops novel therapeutics for chronic Hepatitis B virus (HBV) infection in the United States. Its HBV product pipeline consists of imdusiran (AB-729), a proprietary subcutaneously-delivered RNAi therapeutic product candidate that suppresses all HBV antigens, including HBsAg expression.
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