Tourmaline Bio (NASDAQ:TRML - Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.86) EPS for the quarter, topping the consensus estimate of ($0.91) by $0.05, Zacks reports.
Tourmaline Bio Price Performance
Shares of Tourmaline Bio stock opened at $16.27 on Thursday. The stock has a market capitalization of $417.21 million, a PE ratio of -5.77 and a beta of 2.35. Tourmaline Bio has a 1-year low of $11.87 and a 1-year high of $48.31. The company's fifty day simple moving average is $15.83 and its 200-day simple moving average is $20.84.
Wall Street Analyst Weigh In
Several analysts recently commented on TRML shares. Cantor Fitzgerald restated an "overweight" rating and set a $25.00 price objective on shares of Tourmaline Bio in a research note on Wednesday, December 11th. Wedbush assumed coverage on Tourmaline Bio in a research report on Thursday, March 6th. They issued an "outperform" rating and a $42.00 price objective on the stock. BMO Capital Markets began coverage on Tourmaline Bio in a report on Friday, December 6th. They issued an "outperform" rating and a $50.00 target price for the company. HC Wainwright reaffirmed a "buy" rating and set a $49.00 price target on shares of Tourmaline Bio in a report on Wednesday, December 11th. Finally, Guggenheim reiterated a "buy" rating on shares of Tourmaline Bio in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Tourmaline Bio presently has an average rating of "Buy" and an average price target of $52.86.
Get Our Latest Stock Report on Tourmaline Bio
About Tourmaline Bio
(
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Tourmaline Bio, Inc operates as a clinical biotechnology company that develops medicines for patients with life-altering immune and inflammatory diseases. It develops TOUR006, a human anti-IL-6 monoclonal antibody that selectively binds to interleukin-6, a key proinflammatory cytokine involved in the pathogenesis of many autoimmune and inflammatory disorders.
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