AcelRx Pharmaceuticals Inc. (ACRX) Shares Up 1.8%
AcelRx Pharmaceuticals Inc. (NASDAQ:ACRX) shot up 1.8% on Monday . The stock traded as high as $3.49 and last traded at $3.44, with a volume of 53,732 shares changing hands. The stock had previously closed at $3.38.
Several brokerages recently weighed in on ACRX. Stifel Nicolaus cut AcelRx Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Friday, August 5th. HC Wainwright restated a “buy” rating on shares of AcelRx Pharmaceuticals in a report on Monday, August 1st. Seaport Global Securities upgraded AcelRx Pharmaceuticals from an “accumulate” rating to a “buy” rating in a report on Friday, May 6th. Cowen and Company restated a “hold” rating on shares of AcelRx Pharmaceuticals in a report on Friday, July 29th. Finally, RBC Capital Markets restated a “positive” rating and set a $6.00 target price on shares of AcelRx Pharmaceuticals in a report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.30.
The company’s 50-day moving average price is $3.24 and its 200-day moving average price is $3.34. The firm’s market capitalization is $156.33 million.
AcelRx Pharmaceuticals (NASDAQ:ACRX) last posted its quarterly earnings results on Thursday, July 28th. The specialty pharmaceutical company reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.02. The business earned $4.53 million during the quarter, compared to analyst estimates of $2.17 million. On average, equities research analysts forecast that AcelRx Pharmaceuticals Inc. will post ($0.91) earnings per share for the current fiscal year.
AcelRx Pharmaceuticals, Inc is a pharmaceutical company focused on the development and commercialization of therapies for the treatment of moderate-to-severe acute pain. The Company operates through the segment, which includes development and commercialization of product candidates for the treatment of pain.
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