The price of X4 Pharmaceuticals Inc (NASDAQ:XFOR) shares last traded on Wall Street fell -13.45% to $0.58.
XFOR stock price is now -44.29% away from the 50-day moving average and -39.29% away from the 200-day moving average. The market capitalization of the company currently stands at $97.41M.
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With the price target reduced from $3 to $1, B. Riley Securities Downgraded its rating from Buy to Neutral for X4 Pharmaceuticals Inc (NASDAQ: XFOR). , while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Mostafa Adam S., Chief Financial Officer sold 52,500 shares of the company’s stock on Mar 11 ’24. The stock was sold for $46,347 at an average price of $0.88. Upon completion of the transaction, the Chief Financial Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, President and CEO Ragan Paula sold 49,678 shares of the business’s stock. A total of $43,856 was realized by selling the stock at an average price of $0.88. This leaves the insider owning 765,068 shares of the company worth $0.44 million. A total of 30.11% of the company’s stock is owned by insiders.
During the past 12 months, X4 Pharmaceuticals Inc has had a low of $0.57 and a high of $2.06. As of last week, the company has a debt-to-equity ratio of 56.03, a current ratio of 3.71, and a quick ratio of 3.71. The fifty day moving average price for XFOR is $1.02876 and a two-hundred day moving average price translates $0.95246 for the stock.
The latest earnings results from X4 Pharmaceuticals Inc (NASDAQ: XFOR) was released for 2024-03-31. The company reported revenue of $37.29 million for the quarter, compared to $29.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.25 percent.
