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Eupraxia Pharmaceuticals (NASDAQ:EPRX) Stock Price Down 3.5% - Here's Why

Eupraxia Pharmaceuticals logo with Medical background

Shares of Eupraxia Pharmaceuticals Inc. (NASDAQ:EPRX - Get Free Report) traded down 3.5% on Wednesday . The stock traded as low as $2.95 and last traded at $3.06. 2,110 shares traded hands during trading, a decline of 67% from the average session volume of 6,308 shares. The stock had previously closed at $3.17.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EPRX shares. Rodman & Renshaw began coverage on shares of Eupraxia Pharmaceuticals in a research note on Thursday, November 14th. They issued a "buy" rating and a $9.00 price target on the stock. RODMAN&RENSHAW raised shares of Eupraxia Pharmaceuticals to a "strong-buy" rating in a research report on Thursday, November 14th.

Read Our Latest Report on EPRX

Eupraxia Pharmaceuticals Stock Performance

The business has a 50-day moving average of $3.19 and a 200-day moving average of $2.83. The stock has a market capitalization of $83.48 million and a price-to-earnings ratio of -4.25.

Eupraxia Pharmaceuticals (NASDAQ:EPRX - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.17) earnings per share for the quarter. On average, research analysts predict that Eupraxia Pharmaceuticals Inc. will post -0.67 earnings per share for the current fiscal year.

Eupraxia Pharmaceuticals Company Profile

(Get Free Report)

Eupraxia Pharmaceuticals Inc is a clinical-stage biotechnology company. It focused on the development of locally delivered, extended-release products that have the potential to address therapeutic areas with high unmet medical need. Th company's lead product candidate includes EP-104IAR, for the treatment of pain due to osteoarthritis of the knee.

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