BioPharmX (BPMX) Earns Buy Rating from Analysts at Roth Capital

Roth Capital began coverage on shares of BioPharmX (NASDAQ:BPMX) in a research report sent to investors on Friday. The firm issued a buy rating and a $3.00 price objective on the stock.

Separately, HC Wainwright reissued a buy rating on shares of BioPharmX in a report on Saturday, September 17th.

BioPharmX (NASDAQ:BPMX) traded up 1.8059% during trading on Friday, reaching $0.4059. The company had a trading volume of 667,298 shares. The firm’s market capitalization is $27.49 million. BioPharmX has a one year low of $0.19 and a one year high of $1.84. The firm’s 50-day moving average price is $0.38 and its 200 day moving average price is $0.52.

BioPharmX (NASDAQ:BPMX) last released its quarterly earnings results on Tuesday, December 13th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. Equities analysts forecast that BioPharmX will post ($0.59) earnings per share for the current fiscal year.

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In other news, Director Stephen Morlock purchased 428,571 shares of the stock in a transaction dated Monday, November 28th. The shares were purchased at an average cost of $0.35 per share, with a total value of $149,999.85. Following the acquisition, the director now directly owns 543,956 shares of the company’s stock, valued at $190,384.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

BioPharmX Company Profile

BioPharmX Corporation is a specialty pharmaceutical company. The Company is focused on utilizing its drug delivery technologies to develop and commercialize prescription and over-the-counter (OTC) products that address markets in women’s health and dermatology. Its portfolio of product candidates includes two clinical stage product candidates: BPX01, which is a topical antibiotic for the treatment of acne based on a formulation of minocycline, and BPX03, which is a molecular iodine (I2) tablet for the treatment of benign breast pain associated with fibrocystic breast condition (FBC) and cyclic mastalgia.

5 Day Chart for NASDAQ:BPMX

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