Avenue Therapeutics (ATXI) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Avenue Therapeutics (NASDAQ:ATXI) from a hold rating to a buy rating in a research report report published on Thursday.

Several other research analysts have also recently weighed in on ATXI. Oppenheimer started coverage on shares of Avenue Therapeutics in a report on Thursday, July 12th. They set a buy rating and a $8.00 price target on the stock. HC Wainwright restated a buy rating and set a $11.00 price target on shares of Avenue Therapeutics in a report on Wednesday, August 15th.

Shares of NASDAQ:ATXI traded up $0.12 during midday trading on Thursday, hitting $3.67. 8,000 shares of the company’s stock were exchanged, compared to its average volume of 40,216. Avenue Therapeutics has a 12 month low of $2.08 and a 12 month high of $5.90. The company has a market cap of $36.62 million, a PE ratio of -2.07 and a beta of -1.21.

Avenue Therapeutics (NASDAQ:ATXI) last released its quarterly earnings results on Tuesday, August 14th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.23. As a group, equities research analysts predict that Avenue Therapeutics will post -2.14 earnings per share for the current year.

About Avenue Therapeutics

Avenue Therapeutics, Inc, a specialty pharmaceutical company, acquires, licenses, develops, and commercializes products primarily for use in the acute/intensive care hospital setting. Its product candidate is intravenous Tramadol, which is in Phase III clinical trials to treat moderate to moderately severe post-operative pain.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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