Advaxis (ADXS) Sets New 12-Month Low at $0.39
Advaxis, Inc. (NASDAQ:ADXS) shares hit a new 52-week low on Thursday . The stock traded as low as $0.39 and last traded at $0.39, with a volume of 4862 shares traded. The stock had previously closed at $0.41.
Several research analysts recently weighed in on ADXS shares. HC Wainwright set a $2.00 price objective on Advaxis and gave the stock a “buy” rating in a research report on Tuesday, November 6th. ValuEngine upgraded Advaxis from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st.
The stock has a market capitalization of $21.79 million, a P/E ratio of -0.17 and a beta of 2.46.
In other news, Director Roni Appel purchased 33,333 shares of the stock in a transaction dated Tuesday, September 11th. The stock was acquired at an average cost of $1.20 per share, for a total transaction of $39,999.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.21% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ADXS. Renaissance Technologies LLC boosted its position in shares of Advaxis by 173.0% during the third quarter. Renaissance Technologies LLC now owns 1,191,846 shares of the biotechnology company’s stock worth $1,120,000 after buying an additional 755,352 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Advaxis in the second quarter valued at $265,000. Finally, LMR Partners LLP acquired a new stake in shares of Advaxis in the second quarter valued at $171,000. Institutional investors and hedge funds own 24.81% of the company’s stock.
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About Advaxis (NASDAQ:ADXS)
Advaxis, Inc, a clinical stage biotechnology company, focuses on the discovery, development, and commercialization of Listeria monocytogenes (Lm) technology based immunotherapies in the United States. It is developing Axalimogene filolisbac and ADXS-Dual that are Lm-LLO immunotherapy product candidates for the treatment of human papilloma virus associated cancers, including cervical, and head and neck cancers.
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