Regulus Therapeutics (RGLS) Posts Earnings Results

Regulus Therapeutics (NASDAQ:RGLS) released its quarterly earnings results on Thursday. The biopharmaceutical company reported ($1.18) EPS for the quarter, topping analysts’ consensus estimates of ($1.25) by $0.07, Fidelity Earnings reports. Regulus Therapeutics had a negative net margin of 83,538.89% and a negative return on equity of 205.48%. The company had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.02 million.

Shares of RGLS traded down $0.11 during mid-day trading on Friday, hitting $1.66. The company’s stock had a trading volume of 3,075 shares, compared to its average volume of 1,192,284. The stock has a market capitalization of $17.46 million, a P/E ratio of -0.14 and a beta of 1.78. Regulus Therapeutics has a fifty-two week low of $1.71 and a fifty-two week high of $17.28.

A number of analysts have commented on RGLS shares. Zacks Investment Research downgraded shares of Regulus Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. ValuEngine upgraded shares of Regulus Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Wedbush restated a “hold” rating and set a $1.00 price target on shares of Regulus Therapeutics in a research report on Friday, August 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Regulus Therapeutics in a research report on Friday, August 10th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Regulus Therapeutics has an average rating of “Hold” and a consensus price target of $1.42.

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Regulus Therapeutics Company Profile

Regulus Therapeutics Inc, a clinical stage biopharmaceutical company, engages in the discovery and development of medicines that target microRNAs to treat a range of diseases in the United States and Europe. Its two lead product candidates, RG-012 and RGLS4326, are in clinical development. RG-012 is an anti-miR targeting miR-21 in Phase II clinical trial for the treatment of Alport syndrome, a life-threatening kidney disease.

Further Reading: Book Value Per Share – BVPS

Earnings History for Regulus Therapeutics (NASDAQ:RGLS)

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