Maxim Group set a $5.00 price target on Soligenix Inc. (NASDAQ:SNGX) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the biopharmaceutical company’s stock.

Separately, HC Wainwright reiterated a buy rating and set a $11.00 price objective on shares of Soligenix in a research report on Thursday, September 21st.

Soligenix (SNGX) traded up $0.11 during mid-day trading on Tuesday, reaching $2.05. 45,356 shares of the company were exchanged, compared to its average volume of 97,852. Soligenix has a one year low of $1.74 and a one year high of $5.08.

Soligenix (NASDAQ:SNGX) last released its quarterly earnings data on Friday, August 11th. The biopharmaceutical company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.09). Soligenix had a negative net margin of 86.15% and a negative return on equity of 129.88%. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.43 million. analysts anticipate that Soligenix will post -1.52 earnings per share for the current fiscal year.

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Soligenix Company Profile

Soligenix, Inc is a late-stage biopharmaceutical company. The Company is focused on developing and commercializing products to treat rare diseases. The Company operates through two segments: BioTherapeutics and Vaccines/BioDefense. Its BioTherapeutics segment is developing a photodynamic therapy (SGX301) utilizing topical synthetic hypericin activated with safe visible light for the treatment of cutaneous T-cell lymphoma (CTCL), formulations of oral beclomethasone 17,21-dipropionate (BDP) for the prevention/treatment of gastrointestinal (GI) disorders characterized by severe inflammation, and its innate defense regulator (IDR) technology, dusquetide (SGX942) for the treatment of oral mucositis in head and neck cancer.

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