AcelRx Pharmaceuticals, Inc. (ACRX) Scheduled to Post Earnings on Monday

AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) is scheduled to be releasing its earnings data before the market opens on Monday, October 30th. Analysts expect AcelRx Pharmaceuticals to post earnings of ($0.28) per share for the quarter.

AcelRx Pharmaceuticals (NASDAQ:ACRX) last issued its earnings results on Tuesday, August 1st. The specialty pharmaceutical company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.01). The firm had revenue of $2.66 million for the quarter, compared to the consensus estimate of $2.63 million. On average, analysts expect AcelRx Pharmaceuticals to post $-1.12 EPS for the current fiscal year and $-0.94 EPS for the next fiscal year.

Shares of AcelRx Pharmaceuticals, Inc. (NASDAQ ACRX) opened at 1.85 on Friday. The firm’s market cap is $83.95 million. The stock has a 50 day moving average of $3.47 and a 200 day moving average of $2.90. AcelRx Pharmaceuticals, Inc. has a 52 week low of $1.55 and a 52 week high of $5.75.

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In other AcelRx Pharmaceuticals news, CEO Vincent J. Angotti acquired 15,000 shares of AcelRx Pharmaceuticals stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of $3.00 per share, with a total value of $45,000.00. Following the completion of the purchase, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at approximately $45,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence G. Hamel sold 10,161 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $5.29, for a total value of $53,751.69. Following the completion of the sale, the insider now directly owns 16,379 shares in the company, valued at $86,644.91. The disclosure for this sale can be found here. Insiders purchased 37,000 shares of company stock worth $112,280 over the last ninety days. 28.10% of the stock is currently owned by insiders.

Several analysts have recently issued reports on the company. Cowen and Company reissued a “hold” rating on shares of AcelRx Pharmaceuticals in a report on Tuesday, August 1st. Royal Bank Of Canada set a $6.00 target price on AcelRx Pharmaceuticals and gave the stock a “buy” rating in a report on Friday, August 25th. Stifel Nicolaus raised AcelRx Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. HC Wainwright reissued a “buy” rating and set a $5.00 target price on shares of AcelRx Pharmaceuticals in a report on Friday. Finally, ValuEngine raised AcelRx Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. AcelRx Pharmaceuticals has an average rating of “Hold” and an average target price of $6.83.

About AcelRx Pharmaceuticals

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.

Earnings History for AcelRx Pharmaceuticals (NASDAQ:ACRX)

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