Affimed (NASDAQ:AFMD – Get Rating) was the target of a large increase in short interest in December. As of December 30th, there was short interest totalling 4,010,000 shares, an increase of 7.8% from the December 15th total of 3,720,000 shares. Based on an average daily volume of 2,100,000 shares, the short-interest ratio is currently 1.9 days.
Affimed Trading Up 4.3 %
AFMD opened at $1.22 on Monday. The firm has a market cap of $150.57 million, a price-to-earnings ratio of -1.94 and a beta of 2.35. The company has a current ratio of 5.65, a quick ratio of 5.63 and a debt-to-equity ratio of 0.07. Affimed has a 12 month low of $1.03 and a 12 month high of $5.10. The stock has a fifty day moving average price of $1.54 and a 200-day moving average price of $2.13.
Affimed (NASDAQ:AFMD – Get Rating) last released its quarterly earnings results on Tuesday, November 15th. The biopharmaceutical company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.08. Affimed had a negative return on equity of 48.46% and a negative net margin of 189.04%. The firm had revenue of $15.01 million during the quarter, compared to analyst estimates of $7.66 million. As a group, equities research analysts anticipate that Affimed will post -0.61 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on AFMD. Piper Sandler decreased their target price on Affimed from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday, December 12th. Truist Financial decreased their target price on Affimed from $12.00 to $8.00 in a research report on Monday, December 12th. Stifel Nicolaus lowered Affimed from a “buy” rating to a “hold” rating and decreased their target price for the company from $9.00 to $2.00 in a research report on Monday, October 10th. Wells Fargo & Company decreased their target price on Affimed from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Monday, December 12th. Finally, StockNews.com raised Affimed from a “sell” rating to a “hold” rating in a research report on Monday, November 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Affimed presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.71.
Affimed N.V., a clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States, Germany, and rest of Europe. Its lead product candidate is AFM13, which has completed Phase II clinical study for peripheral T-cell lymphoma; in Phase IIa clinical trial for CD30-positive lymphoma; and in Phase I clinical trial for hodgkin lymphoma.
- Get a free copy of the StockNews.com research report on Affimed (AFMD)
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