HC Wainwright Reiterates $2.00 Price Target for Advaxis (ADXS)
Separately, ValuEngine upgraded shares of Advaxis from a hold rating to a buy rating in a report on Thursday, November 1st.
NASDAQ:ADXS traded down $0.03 on Tuesday, hitting $0.55. The stock had a trading volume of 283,998 shares, compared to its average volume of 644,991. The firm has a market capitalization of $30.81 million, a price-to-earnings ratio of -0.24 and a beta of 2.52. Advaxis has a 1-year low of $0.47 and a 1-year high of $3.58.
In other Advaxis news, Director Roni Appel bought 33,333 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were purchased at an average cost of $1.20 per share, with a total value of $39,999.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.21% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ADXS. BlackRock Inc. increased its position in shares of Advaxis by 28.2% in the 1st quarter. BlackRock Inc. now owns 2,925,417 shares of the biotechnology company’s stock valued at $4,943,000 after purchasing an additional 644,201 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in shares of Advaxis in the 2nd quarter valued at approximately $190,000. LMR Partners LLP purchased a new stake in shares of Advaxis in the 2nd quarter valued at approximately $171,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Advaxis in the 2nd quarter valued at approximately $265,000. 21.32% of the stock is currently owned by hedge funds and other institutional investors.
Advaxis, Inc, a clinical stage biotechnology company, focuses on the discovery, development, and commercialization of Listeria monocytogenes (Lm) technology based immunotherapies in the United States. It is developing Axalimogene filolisbac and ADXS-Dual that are Lm-LLO immunotherapy product candidates for the treatment of human papilloma virus associated cancers, including cervical, and head and neck cancers.
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