Analysts Offer Predictions for AcelRx Pharmaceuticals Inc’s Q1 2018 Earnings (ACRX)

AcelRx Pharmaceuticals Inc (NASDAQ:ACRX) – Equities researchers at Jefferies Group issued their Q1 2018 earnings per share estimates for AcelRx Pharmaceuticals in a research report issued on Friday. Jefferies Group analyst M. Andrews anticipates that the specialty pharmaceutical company will post earnings of ($0.24) per share for the quarter. Jefferies Group also issued estimates for AcelRx Pharmaceuticals’ Q2 2018 earnings at ($0.29) EPS, Q3 2018 earnings at ($0.17) EPS and Q4 2018 earnings at ($0.30) EPS.

Separately, Zacks Investment Research downgraded AcelRx Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.21.

Shares of AcelRx Pharmaceuticals (NASDAQ:ACRX) opened at $2.15 on Monday. The company has a debt-to-equity ratio of -0.43, a current ratio of 4.78 and a quick ratio of 4.71. AcelRx Pharmaceuticals has a 1-year low of $1.55 and a 1-year high of $5.75.

A number of hedge funds have recently modified their holdings of ACRX. Virtu Financial LLC bought a new stake in AcelRx Pharmaceuticals in the fourth quarter worth approximately $120,000. Geller Family Office Services LLC bought a new stake in shares of AcelRx Pharmaceuticals during the third quarter valued at approximately $460,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of AcelRx Pharmaceuticals during the second quarter valued at approximately $530,000. Institutional investors and hedge funds own 9.31% of the company’s stock.

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AcelRx Pharmaceuticals Company Profile

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 and Estimates for AcelRx Pharmaceuticals (NASDAQ:ACRX)

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