Shares of Heat Biologics, Inc. (NASDAQ:HTBX) reached a new 52-week low during trading on Friday . The stock traded as low as $0.46 and last traded at $0.56, with a volume of 309900 shares trading hands. The stock had previously closed at $0.55.
Separately, Griffin Securities assumed coverage on Heat Biologics in a report on Tuesday, September 12th. They issued a “buy” rating and a $2.25 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.13.
Heat Biologics (NASDAQ:HTBX) last issued its quarterly earnings data on Monday, November 13th. The biopharmaceutical company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. The firm had revenue of $0.47 million during the quarter, compared to analysts’ expectations of $0.50 million. Heat Biologics had a negative return on equity of 140.93% and a negative net margin of 1,184.92%. sell-side analysts predict that Heat Biologics, Inc. will post -0.38 earnings per share for the current fiscal year.
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Heat Biologics Company Profile
Heat Biologics, Inc is a development-stage company focused on developing allogeneic, off-the-shelf cellular therapeutic vaccines to combat a range of cancers. The Company is an immuno-oncology company, which focuses on T cell-stimulating platform technologies, such as Immune Pan-Antigen Cytotoxic Therapy (ImPACT) and Combination Pan-Antigen Cytotoxic Therapy (ComPACT).
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