InflaRx (NASDAQ:IFRX) Issues Quarterly Earnings Results

InflaRx (NASDAQ:IFRX) announced its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.18, Zacks reports. InflaRx had a negative return on equity of 65.98% and a negative net margin of 33,362.70%.

InflaRx Price Performance

Shares of InflaRx stock opened at $1.28 on Friday. The business has a fifty day simple moving average of $1.92 and a two-hundred day simple moving average of $1.90. InflaRx has a 1 year low of $1.13 and a 1 year high of $2.82. The company has a market capitalization of $85.93 million, a price-to-earnings ratio of -1.19 and a beta of 1.98.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $8.00 price target on shares of InflaRx in a report on Friday.

About InflaRx

InflaRx N.V., a clinical-stage biopharmaceutical company, discovers and develops inhibitors using C5a technology in Germany and the United States. The company's C5a is an inflammatory mediator that is involved in the progression of a variety of autoimmune and other inflammatory diseases. Its lead product candidate is vilobelimab, a novel intravenously delivered first-in-class anti-C5a monoclonal antibody, which completed the Phase III clinical trial for the treatment of hidradenitis suppurativa, a rare and chronic debilitating systemic inflammatory skin disease; for the treatment of anti-neutrophil cytoplasm antibody associated vasculitis, a rare and life-threatening autoimmune disease that is in Phase II trial; to treat pyoderma gangraenosum, a chronic inflammatory skin disorder that is in Phase IIa exploratory study; and for the treatment of PD-1/PD-L1 inhibitor resistant/refractory locally advanced or metastatic cutaneous squamous cell carcinoma that is in Phase II clinical development stage.