Avenue Therapeutics (ATXI) Hits New 52-Week High at $6.00
Avenue Therapeutics Inc (NASDAQ:ATXI)’s share price hit a new 52-week high on Monday . The company traded as high as $6.00 and last traded at $5.39, with a volume of 3800 shares. The stock had previously closed at $5.52.
A number of equities analysts have weighed in on the stock. Oppenheimer set a $8.00 target price on shares of Avenue Therapeutics and gave the stock a “buy” rating in a research note on Wednesday, August 15th. ValuEngine raised shares of Avenue Therapeutics from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $11.00 target price on shares of Avenue Therapeutics in a research note on Wednesday, August 15th.
The company has a market capitalization of $58.86 million, a price-to-earnings ratio of -3.16 and a beta of -2.35.
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Avenue Therapeutics, Inc, a specialty pharmaceutical company, acquires, licenses, develops, and commercializes products primarily for use in the acute/intensive care hospital setting. Its product candidate is intravenous Tramadol, which is in Phase III clinical trials to treat moderate to moderately severe post-operative pain.
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