Stemline Therapeutics Inc (STML) Announces Quarterly Earnings Results
Stemline Therapeutics Inc (NASDAQ:STML) issued its quarterly earnings data on Tuesday. The biopharmaceutical company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.48) by $0.18, Bloomberg Earnings reports. Stemline Therapeutics had a negative net margin of 5,162.64% and a negative return on equity of 71.60%. The business had revenue of $0.30 million during the quarter, compared to analyst estimates of $0.30 million.
Shares of Stemline Therapeutics (STML) traded down 4.68% during mid-day trading on Wednesday, hitting $8.15. The stock had a trading volume of 128,485 shares. The stock has a 50 day moving average price of $9.34 and a 200-day moving average price of $8.61. Stemline Therapeutics has a 52-week low of $5.50 and a 52-week high of $14.60. The company’s market cap is $190.51 million.
Several analysts have commented on the company. HC Wainwright set a $34.00 price objective on Stemline Therapeutics and gave the company a “buy” rating in a report on Wednesday. ValuEngine lowered Stemline Therapeutics from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st. BidaskClub raised Stemline Therapeutics from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Stemline Therapeutics from a “sell” rating to a “hold” rating in a report on Saturday, May 20th. Finally, Wedbush raised their price objective on Stemline Therapeutics from $33.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $29.17.
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Stemline Therapeutics Company Profile
Stemline Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing and commercializing oncology therapeutics. The Company is developing approximately three clinical stage product candidates, including SL-401, SL-701 and SL-801. SL-401 is a targeted therapy directed to the interleukin-3 receptor (IL-3R) (CD123), present on a range of hematologic cancers.
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