H.C. Wainwright analyst Ed Arce maintained a Buy rating on Avenue Therapeutics Inc (ATXI) today and set a price target of $11. The company’s shares opened today at $4.50.
According to TipRanks.com, Arce is a 4-star analyst with an average return of 9.5% and a 37.5% success rate. Arce covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals Inc, Arcturus Therapeutics Ltd, and Melinta Therapeutics Inc.
Avenue Therapeutics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $10.50.
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The company has a one-year high of $6.82 and a one-year low of $2.08. Currently, Avenue Therapeutics Inc has an average volume of 32.08K.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ATXI in relation to earlier this year.
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Avenue Therapeutics, Inc. engages in acquiring, licensing, developing, and commercializing products for use in the intensive care hospital setting. It focuses on the development of intravenous tramadol, which is intended for the treatment of moderate to moderately severe post-operative pain.
