Advaxis (ADXS) Sees Unusually-High Trading Volume on Earnings Beat
Shares of Advaxis, Inc. (NASDAQ:ADXS) saw strong trading volume on Tuesday after the company announced better than expected quarterly earnings. 2,137,664 shares changed hands during trading, an increase of 151% from the previous session’s volume of 851,683 shares.The stock last traded at $0.41 and had previously closed at $0.33.
The biotechnology company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.43. Advaxis had a negative return on equity of 103.90% and a negative net margin of 140.12%. The firm had revenue of $19.69 million for the quarter.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Advaxis from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a report on Wednesday, February 20th. ValuEngine downgraded Advaxis from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Finally, HC Wainwright downgraded Advaxis from a “buy” rating to a “neutral” rating in a report on Tuesday, December 18th.
The firm has a market capitalization of $35.34 million, a P/E ratio of -0.33 and a beta of 3.94.
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About Advaxis (NASDAQ:ADXS)
Advaxis, Inc, a late-stage biotechnology company, focuses on the discovery, development, and commercialization of Listeria monocytogenes (Lm) technology based antigen delivery product in the United States. It is developing therapies for HPV-related cancers using axalimogene filolisbac (AXAL) for the treatment of head and neck cancer.
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