Edesa Biotech (EDSA) to Post Earnings on Monday

Edesa Biotech (NASDAQ:EDSA - Get Free Report) is expected to be posting its results after the market closes on Monday, August 10th. Analysts expect the company to announce earnings of ($0.4350) per share for the quarter.

Edesa Biotech (NASDAQ:EDSA - Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.25). On average, analysts expect Edesa Biotech to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Edesa Biotech Price Performance

NASDAQ EDSA opened at $5.27 on Friday. Edesa Biotech has a 1-year low of $0.72 and a 1-year high of $20.32. The firm has a market capitalization of $50.77 million, a P/E ratio of -3.93 and a beta of 1.08. The business's 50-day simple moving average is $6.41 and its 200-day simple moving average is $6.23.

Institutional Investors Weigh In On Edesa Biotech

Several institutional investors and hedge funds have recently modified their holdings of the stock. DRW Securities LLC acquired a new position in Edesa Biotech during the 4th quarter worth approximately $191,000. Diadema Partners LP acquired a new stake in Edesa Biotech in the fourth quarter valued at approximately $77,000. State Street Corp acquired a new stake in Edesa Biotech in the fourth quarter valued at approximately $27,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Edesa Biotech during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 5.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on EDSA shares. Wall Street Zen lowered shares of Edesa Biotech from a "sell" rating to a "strong sell" rating in a report on Saturday. Weiss Ratings reiterated a "sell (e+)" rating on shares of Edesa Biotech in a research note on Wednesday, June 24th. Finally, Brookline Capital Markets raised shares of Edesa Biotech to a "strong-buy" rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.00.

Get Our Latest Stock Analysis on Edesa Biotech

About Edesa Biotech

(Get Free Report)

Edesa Biotech, Inc is a clinical-stage biotechnology company focused on the discovery and development of next-generation vaccines and immunotherapies. The company leverages a proprietary self-amplifying RNA platform to create candidates designed for both intranasal and injectable administration. Edesa's approach aims to elicit robust mucosal and systemic immune responses, with applications spanning infectious diseases and immuno-oncology.

Among Edesa's pipeline programs is a lead intranasal vaccine candidate targeting SARS-CoV-2, currently advancing through early-stage clinical trials.

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