Advaxis (ADXS) Hits New 12-Month Low at $0.39

Shares of Advaxis, Inc. (NASDAQ:ADXS) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $0.39 and last traded at $0.39, with a volume of 4862 shares changing hands. The stock had previously closed at $0.41.

A number of analysts have issued reports on ADXS shares. HC Wainwright reissued a “buy” rating on shares of Advaxis in a research report on Wednesday, September 12th. ValuEngine raised Advaxis from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st.

The stock has a market capitalization of $20.82 million, a price-to-earnings ratio of -0.16 and a beta of 2.46.

Advaxis (NASDAQ:ADXS) last posted its quarterly earnings data on Monday, September 10th. The biotechnology company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). Advaxis had a negative return on equity of 165.23% and a negative net margin of 1,062.68%. The company had revenue of $1.13 million for the quarter, compared to analysts’ expectations of $1.85 million. On average, equities analysts forecast that Advaxis, Inc. will post -1.09 EPS for the current year.

In related news, Director Roni Appel acquired 33,333 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were acquired at an average price of $1.20 per share, with a total value of $39,999.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.21% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. LMR Partners LLP acquired a new position in shares of Advaxis during the second quarter worth $171,000. Paloma Partners Management Co acquired a new position in shares of Advaxis during the second quarter worth $265,000. Finally, Renaissance Technologies LLC grew its stake in shares of Advaxis by 173.0% during the third quarter. Renaissance Technologies LLC now owns 1,191,846 shares of the biotechnology company’s stock worth $1,120,000 after purchasing an additional 755,352 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

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Advaxis Company Profile (NASDAQ:ADXS)

Advaxis, Inc, a clinical stage biotechnology company, focuses on the discovery, development, and commercialization of Listeria monocytogenes (Lm) technology based immunotherapies in the United States. It is developing Axalimogene filolisbac and ADXS-Dual that are Lm-LLO immunotherapy product candidates for the treatment of human papilloma virus associated cancers, including cervical, and head and neck cancers.

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