Analysts Offer Predictions for PHIO FY2024 Earnings

Phio Pharmaceuticals Corp. (NASDAQ:PHIO) – Research analysts at HC Wainwright issued their FY2024 earnings estimates for Phio Pharmaceuticals in a report released on Wednesday, February 19th. HC Wainwright analyst V. Bernardino forecasts that the company will earn ($8.54) per share for the year. HC Wainwright has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Phio Pharmaceuticals’ current full-year earnings is ($8.54) per share. HC Wainwright also issued estimates for Phio Pharmaceuticals’ Q4 2024 earnings at ($1.23) EPS and FY2025 earnings at $3.76 EPS.

Phio Pharmaceuticals Price Performance

Shares of NASDAQ:PHIO opened at $1.67 on Friday. The business’s 50 day moving average price is $2.21 and its 200-day moving average price is $2.67. The firm has a market capitalization of $11.51 million, a price-to-earnings ratio of -0.15 and a beta of 1.53. Phio Pharmaceuticals has a 1 year low of $1.53 and a 1 year high of $10.35.

Institutional Trading of Phio Pharmaceuticals

An institutional investor recently bought a new position in Phio Pharmaceuticals stock. Virtu Financial LLC acquired a new stake in Phio Pharmaceuticals Corp. (NASDAQ:PHIO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,910 shares of the company’s stock, valued at approximately $74,000. Virtu Financial LLC owned approximately 0.59% of Phio Pharmaceuticals at the end of the most recent quarter. Institutional investors and hedge funds own 57.31% of the company’s stock.

Phio Pharmaceuticals Company Profile

Phio Pharmaceuticals Corp. engages in the development of immuno-oncology therapeutics in the United States. The company is developing PH-762, an INTASYL compound in Phase 1b dose-escalating clinical trials to reduce the expression of cell death protein 1 (PD-1), a protein that inhibits T cells’ ability to kill cancer cells; and PH-762 treated double positive tumor infiltrating lymphocytes, which is in Phase 1 clinical trials to treat advanced melanoma and other advanced solid tumors.