Analysts expect AcelRx Pharmaceuticals (NASDAQ:ACRX) to announce earnings per share (EPS) of ($0.24) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for AcelRx Pharmaceuticals’ earnings, with estimates ranging from ($0.24) to ($0.23). AcelRx Pharmaceuticals posted earnings of ($0.34) per share in the same quarter last year, which would suggest a positive year over year growth rate of 29.4%. The business is scheduled to issue its next quarterly earnings report on Monday, May 14th.
According to Zacks, analysts expect that AcelRx Pharmaceuticals will report full year earnings of ($0.98) per share for the current fiscal year, with EPS estimates ranging from ($1.01) to ($0.95). For the next financial year, analysts forecast that the business will post earnings of ($0.84) per share, with EPS estimates ranging from ($0.97) to ($0.70). Zacks’ EPS averages are a mean average based on a survey of research analysts that cover AcelRx Pharmaceuticals.
AcelRx Pharmaceuticals (NASDAQ:ACRX) last announced its quarterly earnings data on Thursday, March 8th. The specialty pharmaceutical company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). The business had revenue of $0.74 million for the quarter, compared to analyst estimates of $2.90 million.
Separately, Zacks Investment Research upgraded shares of AcelRx Pharmaceuticals from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. AcelRx Pharmaceuticals has a consensus rating of “Hold” and an average target price of $4.92.
A hedge fund recently bought a new stake in AcelRx Pharmaceuticals stock. Virtu Financial LLC bought a new stake in AcelRx Pharmaceuticals (NASDAQ:ACRX) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 59,184 shares of the specialty pharmaceutical company’s stock, valued at approximately $120,000. Virtu Financial LLC owned 0.12% of AcelRx Pharmaceuticals at the end of the most recent reporting period. Institutional investors own 9.20% of the company’s stock.
NASDAQ ACRX traded up $0.03 on Friday, hitting $2.20. 214,343 shares of the company’s stock traded hands, compared to its average volume of 541,584. The company has a current ratio of 4.64, a quick ratio of 4.57 and a debt-to-equity ratio of -0.31. AcelRx Pharmaceuticals has a 1-year low of $1.55 and a 1-year high of $5.75. The stock has a market cap of $111.98, a price-to-earnings ratio of -2.00 and a beta of 2.42.
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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.
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