Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Can Fite Biopharma (CANF) Stock Price
News coverage about Can Fite Biopharma (NASDAQ:CANF) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Can Fite Biopharma earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.1615875794168 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Can Fite Biopharma (CANF) opened at 1.58 on Wednesday. The company has a 50-day moving average of $1.75 and a 200-day moving average of $1.84. The stock’s market capitalization is $24.49 million. Can Fite Biopharma has a 12 month low of $1.50 and a 12 month high of $2.82.
A number of brokerages recently weighed in on CANF. Maxim Group began coverage on shares of Can Fite Biopharma in a research report on Friday, August 11th. They issued a “buy” rating and a $7.00 price target for the company. HC Wainwright set a $6.00 price target on shares of Can Fite Biopharma and gave the company a “buy” rating in a research report on Thursday, August 10th.
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Can Fite Biopharma Company Profile
Can Fite Biofarma Ltd is an Israel-based biopharmaceutical company. The Company develops new treatments for autoimmune diseases and cancer. The Company’s drugs are CF101 for Psoriasis treatment, RA treatment, for the treatment of Keratoconjunctictivitis Sicca, for the treatment of Glaucoma, among others; and CF102 for the treatment of liver diseases.
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