InflaRx (NASDAQ:IFRX) Posts Earnings Results, Beats Estimates By $0.18 EPS

InflaRx (NASDAQ:IFRX) announced its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.18, Zacks reports. InflaRx had a negative net margin of 33,362.70% and a negative return on equity of 65.98%.

InflaRx Price Performance

Shares of NASDAQ IFRX opened at $1.20 on Thursday. The company has a market cap of $80.56 million, a P/E ratio of -1.12 and a beta of 1.98. InflaRx has a 1 year low of $1.13 and a 1 year high of $2.82. The firm has a 50-day simple moving average of $1.98 and a two-hundred day simple moving average of $1.91.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $8.00 price objective on shares of InflaRx in a research note on Friday, March 7th.

About InflaRx

InflaRx N.V., a clinical-stage biopharmaceutical company, discovers and develops inhibitors using C5a technology in Germany and the United States. The company's C5a is an inflammatory mediator that is involved in the progression of a variety of autoimmune and other inflammatory diseases. Its lead product candidate is vilobelimab, a novel intravenously delivered first-in-class anti-C5a monoclonal antibody, which completed the Phase III clinical trial for the treatment of hidradenitis suppurativa, a rare and chronic debilitating systemic inflammatory skin disease; for the treatment of anti-neutrophil cytoplasm antibody associated vasculitis, a rare and life-threatening autoimmune disease that is in Phase II trial; to treat pyoderma gangraenosum, a chronic inflammatory skin disorder that is in Phase IIa exploratory study; and for the treatment of PD-1/PD-L1 inhibitor resistant/refractory locally advanced or metastatic cutaneous squamous cell carcinoma that is in Phase II clinical development stage.