Somewhat Negative Media Coverage Somewhat Unlikely to Impact ContraFect Corporation (NASDAQ:CFRX) Share Price

Headlines about ContraFect Corporation (NASDAQ:CFRX) have trended somewhat negative on Thursday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ContraFect Corporation earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned news headlines about the biotechnology company an impact score of 45.9462233381737 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of ContraFect Corporation (NASDAQ CFRX) traded down 6.90% during midday trading on Thursday, hitting $1.35. 649,522 shares of the company traded hands. The stock’s market capitalization is $56.24 million. ContraFect Corporation has a 52 week low of $1.10 and a 52 week high of $3.28. The company has a 50-day moving average price of $1.30 and a 200-day moving average price of $1.68.

ContraFect Corporation (NASDAQ:CFRX) last posted its quarterly earnings data on Monday, May 8th. The biotechnology company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.02. Analysts anticipate that ContraFect Corporation will post ($0.71) earnings per share for the current fiscal year.

Separately, Maxim Group reaffirmed a “hold” rating on shares of ContraFect Corporation in a research note on Thursday, March 30th.

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