HC Wainwright reiterated their buy rating on shares of Edesa Biotech (NASDAQ:EDSA – Free Report) in a research report released on Friday morning, Benzinga reports. HC Wainwright currently has a $21.00 target price on the stock.
Edesa Biotech Price Performance
EDSA opened at $4.28 on Friday. The business has a 50-day moving average of $4.44 and a 200-day moving average of $4.58. Edesa Biotech has a fifty-two week low of $2.46 and a fifty-two week high of $8.33.
Edesa Biotech (NASDAQ:EDSA – Get Free Report) last posted its earnings results on Friday, May 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.11. As a group, sell-side analysts anticipate that Edesa Biotech will post -2 EPS for the current fiscal year.
Edesa Biotech Company Profile
Edesa Biotech, Inc, a clinical-stage biopharmaceutical company, engages in the research and development, manufacture, and commercialization of pharmaceutical products for inflammatory and immune-related diseases. Its lead product candidates are EB05, a monoclonal antibody, which is in Phase 3 clinical study for the treatment of acute respiratory distress syndrome in Covid-19 patients; and EB01, a topical vanishing cream containing non-steroidal anti-inflammatory compound that has completed Phase 2b clinical study to treat chronic allergic contact dermatitis.
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