Theriva Biologics (NYSEAMERICAN:TOVX) Releases Quarterly Earnings Results

Theriva Biologics (NYSEAMERICAN:TOVX) posted its quarterly earnings results on Tuesday. The company reported ($6.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($6.25) by ($0.56), Zacks reports.

Theriva Biologics Stock Performance

TOVX traded down $0.02 during trading on Wednesday, reaching $1.41. 161,549 shares of the stock were exchanged, compared to its average volume of 1,006,108. The company has a market cap of $3.20 million, a price-to-earnings ratio of -0.04 and a beta of 1.34. Theriva Biologics has a 1 year low of $1.24 and a 1 year high of $17.11.

Analysts Set New Price Targets

Separately, Maxim Group decreased their price target on Theriva Biologics from $25.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday.

Theriva Biologics Company Profile

Theriva Biologics, Inc, a clinical-stage company, develops therapeutics to treat cancer and related diseases in areas of high unmet need in the United States. The company’s lead product candidate is VCN-01, a clinical stage oncolytic human adenovirus that is in a Phase 2 clinical study for the treatment of pancreatic cancer; a Phase 1 clinical study for the treatment of retinalblastoma; a Phase 1 clinical study for the treatment of head and neck squamous cell carcinoma; and a Phase 1 clinical study for the treatment of solid tumors.