Eloxx Pharmaceuticals (ELOX) Gets a Hold Rating from H.C. Wainwright

In a report released today, Andrew Fein from H.C. Wainwright reiterated a Hold rating on Eloxx Pharmaceuticals (ELOX), with a price target of $3.00. The company’s shares closed last Tuesday at $3.16.

According to TipRanks.com, Fein is a 5-star analyst with an average return of 16.7% and a 50.8% success rate. Fein covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Constellation Pharmaceuticals, and Deciphera Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eloxx Pharmaceuticals with a $4.50 average price target.

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Based on Eloxx Pharmaceuticals’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $6.13 million. In comparison, last year the company had a GAAP net loss of $11.63 million.

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Eloxx Pharmaceuticals, Inc. engages in the development of novel ribonucleic acid modulating drug candidates. The firm focuses on the the formulation of medicines to treat rare and ultra-rare premature stop codon diseases. It operates through the United States and Israel geographical segments. Its product includes ELX-02, a small molecule drug designed to restore production of full-length functional proteins which treats cystic fibrosis and cystinosis. The company was founded on December 19, 2017 and is headquartered in Waltham, MA.

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