Xenetic Biosciences Inc (XBIO) Receives Average Recommendation of “Strong Buy” from Brokerages

Xenetic Biosciences Inc (NASDAQ:XBIO) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports.

Zacks has also given Xenetic Biosciences an industry rank of 154 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Xenetic Biosciences from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Saturday, September 16th.

Xenetic Biosciences (XBIO) opened at $2.09 on Tuesday. Xenetic Biosciences has a 12 month low of $1.75 and a 12 month high of $5.90. The stock has a market cap of $17.96, a price-to-earnings ratio of -1.69 and a beta of 2.19.

Xenetic Biosciences (NASDAQ:XBIO) last issued its quarterly earnings results on Wednesday, November 15th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.03). The company had revenue of $0.09 million during the quarter. Xenetic Biosciences had a negative return on equity of 85.94% and a negative net margin of 2,654.00%.

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About Xenetic Biosciences

Xenetic Biosciences, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the research and development of certain pharmaceutical products for use in humans that includes the use of the Company’s platform technologies that enables the creation of drug therapies primarily for orphan indications.

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