Advaxis (ADXS) Shares Down 5.4%

Advaxis, Inc. (NASDAQ:ADXS) shares were down 5.4% during mid-day trading on Thursday . The stock traded as low as $0.32 and last traded at $0.35. Approximately 542,689 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 1,598,274 shares. The stock had previously closed at $0.37.

Several research analysts have recently issued reports on ADXS shares. ValuEngine upgraded shares of Advaxis from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. HC Wainwright restated a “hold” rating on shares of Advaxis in a report on Wednesday.

The firm has a market capitalization of $15.91 million, a PE ratio of -0.27 and a beta of 2.92.

Advaxis (NASDAQ:ADXS) last issued its earnings results on Thursday, January 10th. The biotechnology company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.14). Advaxis had a negative return on equity of 187.23% and a negative net margin of 1,096.88%. The firm had revenue of $1.13 million during the quarter, compared to the consensus estimate of $1.10 million. As a group, sell-side analysts expect that Advaxis, Inc. will post -0.7 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in ADXS. Paloma Partners Management Co purchased a new stake in Advaxis in the second quarter worth $265,000. Renaissance Technologies LLC lifted its stake in Advaxis by 173.0% in the third quarter. Renaissance Technologies LLC now owns 1,191,846 shares of the biotechnology company’s stock worth $1,120,000 after acquiring an additional 755,352 shares during the period. Vanguard Group Inc lifted its stake in Advaxis by 48.3% in the third quarter. Vanguard Group Inc now owns 2,630,658 shares of the biotechnology company’s stock worth $2,473,000 after acquiring an additional 857,026 shares during the period. Finally, Virtu Financial LLC lifted its stake in Advaxis by 740.4% in the fourth quarter. Virtu Financial LLC now owns 176,213 shares of the biotechnology company’s stock worth $33,000 after acquiring an additional 155,246 shares during the period. 29.79% of the stock is owned by institutional investors.

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Advaxis Company Profile (NASDAQ:ADXS)

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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