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ESSA Pharma (NASDAQ:EPIX) Shares Pass Below 50 Day Moving Average - What's Next?

ESSA Pharma logo with Medical background

ESSA Pharma Inc. (NASDAQ:EPIX - Get Free Report) TSE: EPI's share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.66 and traded as low as $1.58. ESSA Pharma shares last traded at $1.58, with a volume of 74,752 shares changing hands.

ESSA Pharma Price Performance

The stock has a market cap of $63.92 million, a P/E ratio of -2.09 and a beta of 1.61. The stock's 50-day moving average is $1.65 and its two-hundred day moving average is $2.59.

ESSA Pharma (NASDAQ:EPIX - Get Free Report) TSE: EPI last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.01). On average, analysts anticipate that ESSA Pharma Inc. will post -0.42 EPS for the current fiscal year.

Institutional Trading of ESSA Pharma

A number of large investors have recently made changes to their positions in the business. Squarepoint Ops LLC bought a new stake in shares of ESSA Pharma in the 4th quarter valued at approximately $26,000. Two Sigma Securities LLC bought a new stake in shares of ESSA Pharma in the 4th quarter worth about $29,000. GTS Securities LLC purchased a new position in shares of ESSA Pharma during the 4th quarter worth about $30,000. FNY Investment Advisers LLC bought a new position in ESSA Pharma during the 4th quarter valued at about $44,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in ESSA Pharma in the 4th quarter worth about $47,000. 75.12% of the stock is currently owned by institutional investors.

ESSA Pharma Company Profile

(Get Free Report)

ESSA Pharma Inc, a clinical stage pharmaceutical company, focuses the development of small molecule drugs for the treatment of prostate cancer. The company's lead candidate EPI-7386, an androgen receptor based resistance mechanisms that develop in patients with castration-resistant prostate cancer and metastatic castration-resistant prostate cancer.

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