Abeona Therapeutics Inc. (NASDAQ:ABEO) Signals Intraday Volatility - Up by 1.44%

Abeona Therapeutics Inc. (NASDAQ:ABEO) Signals Intraday Volatility - Up by 1.44%”

Abeona Therapeutics a clinical-stage biopharmaceutical company developing novel gene therapies for life-threatening rare genetic diseases. Two analysts have issued estimates for Abeona Therapeutics' earnings, with the lowest sales estimate coming in at $200,000.00 and the highest estimate coming in at $250,000.00. Highbridge Capital Management LLC raised its position in shares of Abeona Therapeutics by 23.5% in the first quarter. Highbridge Capital Management LLC increased its position in shares of Abeona Therapeutics by 23.5% during the 1st quarter. On average, equities research analysts anticipate that Abeona Therapeutics will post ($0.68) EPS for the current year.

Abeona Therapeutics (NASDAQ:ABEO) last issued its quarterly earnings results on Friday, March 31st. In the last earnings report the EPS was $-0.61 and is projected to be $-0.68 for the current year with 40,287,000 shares presently outstanding. The firm had revenue of $0.22 million during the quarter, compared to the consensus estimate of $0.21 million.

ABEO has been the subject of a number of research reports. Jefferies maintained the shares of ABEO in report on Thursday, April 27 with "Buy" rating. One equity analyst rating the company a strong buy, three equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $12.38. Maxim Group reissued a buy rating and set a $14.00 price target on shares of Abeona Therapeutics in a research report on Wednesday, April 12th. Finally, BidaskClub downgraded Abeona Therapeutics from a "buy" rating to a "hold" rating in a research report on Wednesday, August 2nd.

The stock is trading at $17.65 a great deal higher than the 50 day moving average of $13.40 and which is impressively higher than the 200 day moving average of $8.08.

Several large investors have recently modified their holdings of ABEO. Wellington Management Group LLP grew its stake in shares of Abeona Therapeutics by 17.4% in the 1st quarter. Rhumbline Advisers purchased a new stake in shares of Abeona Therapeutics in the second quarter valued at about $190,000. Perceptive Advisors LLC bought a new position in shares of Abeona Therapeutics during the fourth quarter valued at approximately $4,085,000. Laurion Capital Management LP purchased a new stake in shares of Abeona Therapeutics in the 1st quarter worth approximately $277,000.

More notable recent Abeona Therapeutics Inc (NASDAQ:ABEO) news were published by: which released: "Abeona Therapeutics (ABEO) Surges: Stock Moves 22.9% Higher September 18, 2017" on September 18, 2017, also with their article: "Abeona Therapeutics and Brammer Bio Announce Collaboration for Commercial ..." published on September 28, 2017, published: "Premarket analyst action - healthcare" on September 15, 2017. With short interest at 2,476 and short average daily volume at 9,373, days to cover is 0.0 and the percentage of shorted shares is 0.00% as of August 31. The firm's market capitalization is $728.23 million.

TRADEMARK VIOLATION NOTICE: This article was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. "(ABEO)" was posted by TrueBlueTribune and is owned by of TrueBlueTribune. It is also developing ABO-101 (AAV-NAGLU) for Sanfilippo syndrome type B (MPS IIIB), ABO-201 (AAV-CLN3) gene therapy for juvenile Batten disease (JNCL), ABO-202 (AAV-CLN1) for treatment of infantile Batten disease (INCL), EB-201 for epidermolysis bullosa, ABO-301 (AAV-FANCC) for Fanconi anemia disorder and ABO-302 using a novel CRISPR/Cas9-based gene editing approach to gene therapy for rare blood diseases.

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