Tonix Pharmaceuticals Holding Corp. (TNXP) Upgraded by ValuEngine to Sell
Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.
Several other analysts have also recently commented on the company. Dawson James restated a “buy” rating and issued a $9.00 target price on shares of Tonix Pharmaceuticals Holding Corp. in a research report on Wednesday, August 23rd. Drexel Hamilton began coverage on Tonix Pharmaceuticals Holding Corp. in a research report on Tuesday, August 22nd. They issued a “buy” rating on the stock. Roth Capital upgraded Tonix Pharmaceuticals Holding Corp. from a “neutral” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Friday, August 18th. They noted that the move was a valuation call. Finally, Aegis began coverage on Tonix Pharmaceuticals Holding Corp. in a research report on Monday, June 26th. They issued a “buy” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Tonix Pharmaceuticals Holding Corp. currently has a consensus rating of “Hold” and an average target price of $8.33.
Tonix Pharmaceuticals Holding Corp. (TNXP) traded up 2.39% on Friday, hitting $3.86. The stock had a trading volume of 49,916 shares. The company’s market cap is $28.98 million. Tonix Pharmaceuticals Holding Corp. has a 12-month low of $2.85 and a 12-month high of $27.50. The company’s 50 day moving average price is $3.68 and its 200-day moving average price is $3.51.
Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) last posted its earnings results on Monday, August 14th. The company reported ($0.65) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.13. Equities research analysts anticipate that Tonix Pharmaceuticals Holding Corp. will post ($3.02) EPS for the current year.
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In other news, Director Ernest Mario sold 6,105 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $4.28, for a total transaction of $26,129.40. Following the completion of the sale, the director now directly owns 63,073 shares of the company’s stock, valued at approximately $269,952.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Seth Lederman acquired 20,000 shares of Tonix Pharmaceuticals Holding Corp. stock in a transaction dated Tuesday, June 20th. The shares were bought at an average cost of $4.22 per share, with a total value of $84,400.00. Following the completion of the purchase, the chief executive officer now owns 7,912 shares in the company, valued at $33,388.64. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 50,000 shares of company stock valued at $188,050. Corporate insiders own 4.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in Tonix Pharmaceuticals Holding Corp. during the first quarter valued at $119,000. Dialectic Capital Management LP bought a new stake in Tonix Pharmaceuticals Holding Corp. during the first quarter valued at $187,000. Vanguard Group Inc. raised its stake in Tonix Pharmaceuticals Holding Corp. by 28.8% in the second quarter. Vanguard Group Inc. now owns 184,377 shares of the company’s stock valued at $799,000 after buying an additional 41,264 shares in the last quarter. B. Riley Financial Inc. bought a new stake in Tonix Pharmaceuticals Holding Corp. during the second quarter valued at $1,637,000. Finally, Renaissance Technologies LLC raised its stake in Tonix Pharmaceuticals Holding Corp. by 108.4% in the fourth quarter. Renaissance Technologies LLC now owns 774,603 shares of the company’s stock valued at $364,000 after buying an additional 402,898 shares in the last quarter. 23.76% of the stock is owned by institutional investors and hedge funds.
Tonix Pharmaceuticals Holding Corp. Company Profile
Tonix Pharmaceuticals Holding Corp., a clinical-stage pharmaceutical company, engages in developing pharmaceutical products for central nervous system disorders. The companys lead program focuses on post-traumatic stress disorder (PTSD) that is characterized by chronic disability, inadequate treatment options, high utilization of healthcare services, and economic burden.
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