Health Care

Abeona Therapeutics Inc. (NASDAQ:ABEO) Now Covered by Citigroup Inc

Abeona Therapeutics Inc. (ABEO) has the market capitalization of $785.99 Million. BidaskClub cut shares of Abeona Therapeutics from a "strong-buy" rating to a "buy" rating in a research note on Thursday, July 27th. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Zacks Investment Research raised Abeona Therapeutics from a hold rating to a buy rating and set a $10.00 target price on the stock in a report on Tuesday, July 11th.

The stock is trading at $17.78 which is significantly above the 50 day moving average which is $15.53 and a great deal higher than the 200 day moving average of $8.77.

Abeona Therapeutics (ABEO) said Monday that it intends to offer and sell shares of its common stock in an underwritten public offering pursuant to an existing shelf registration statement. Abeona Therapeutics has a 12 month low of $4.05 and a 12 month high of $22.75. Next quarter's EPS is expected be $-0.18 and the next full year EPS is projected to be $-0.80.

Abeona Therapeutics Inc. on 6/29/2017 reported its EPS as $-0.08 with the analysts projecting the EPS of the stock as $-0.19. The Company also has a plasma-based protein therapy pipeline, including alpha-1 protease inhibitor (SDF Alpha) for inherited COPD, using its proprietary Salt Diafiltration ethanol-free process. It has a market cap of $768.43 Million. Citigroup added the stock to its research portfolio by announcing an initial rating of "Buy". The stock now has a consensus rating of Buy and a consensus price target of $22.56. Return on Equity (ROE) stands at -26.7% and Return on Investment (ROI) of 0 percent.

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Let's have a look at some of the important valuation ratios of the Abeona Therapeutics Inc.

As of the end of the quarter Hartford Financial Management Inc. had acquired a total of 1,200 shares growing its position 6.7%. The industry's and sector's high P/E for the past year is 134.3 and 31.7 respectively and low P/E ratio for the last 5 years is 5.82 for the industry and 10.05 for the Sector. Highbridge Capital Management LLC now owns 681,611 shares of the biopharmaceutical company's stock worth $3,408,000 after purchasing an additional 129,811 shares during the period. Finally, Family Management Corp acquired a new stake in shares of Abeona Therapeutics during the first quarter valued at $120,000.

Clinical-stage biopharmaceutical company Abeona Therapeutics Inc. The Company's lead programs include ABO-102 (AAV-SGSH), an adeno-associated virus (AAV) based gene therapy for Sanfilippo syndrome type A (MPS IIIA) and EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB).

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