Acurx Pharmaceuticals (NASDAQ:ACXP – Get Rating)‘s stock had its “buy” rating restated by HC Wainwright in a research report issued on Friday, Benzinga reports. They currently have a $14.00 target price on the stock. HC Wainwright’s price objective indicates a potential upside of 345.86% from the stock’s previous close. HC Wainwright also issued estimates for Acurx Pharmaceuticals’ FY2027 earnings at ($0.64) EPS.
Acurx Pharmaceuticals Stock Performance
Shares of Acurx Pharmaceuticals stock opened at $3.14 on Friday. The stock’s 50-day simple moving average is $3.66 and its 200-day simple moving average is $3.51. Acurx Pharmaceuticals has a 52 week low of $2.33 and a 52 week high of $4.85.
Institutional Investors Weigh In On Acurx Pharmaceuticals
Hedge funds have recently made changes to their positions in the company. Armistice Capital LLC purchased a new stake in shares of Acurx Pharmaceuticals in the third quarter worth about $3,198,000. BlackRock Inc. lifted its position in shares of Acurx Pharmaceuticals by 149.8% in the first quarter. BlackRock Inc. now owns 16,699 shares of the company’s stock worth $55,000 after buying an additional 10,014 shares in the last quarter. Finally, Semmax Financial Advisors Inc. raised its position in Acurx Pharmaceuticals by 365.5% during the second quarter. Semmax Financial Advisors Inc. now owns 5,879 shares of the company’s stock valued at $28,000 after purchasing an additional 4,616 shares during the period. 13.13% of the stock is currently owned by hedge funds and other institutional investors.
About Acurx Pharmaceuticals
Acurx Pharmaceuticals, Inc, a clinical stage biopharmaceutical company, develops antibiotics to treat bacterial infections. Its lead antibiotic candidate is ibezapolstat, a novel mechanism of action that targets the polymerase IIIC enzyme that has completed Phase IIa clinical trial to treat patients with clostridium difficile infections.
- Get a free copy of the StockNews.com research report on Acurx Pharmaceuticals (ACXP)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Acurx Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acurx Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.