Immix Biopharma (NASDAQ:IMMX) Releases Earnings Results, Beats Expectations By $0.09 EPS

Immix Biopharma (NASDAQ:IMMX) issued its quarterly earnings results on Monday. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.09, Zacks reports.

Immix Biopharma Stock Down 1.1 %

Shares of IMMX traded down $0.02 during mid-day trading on Wednesday, reaching $1.83. The company had a trading volume of 12,323 shares, compared to its average volume of 133,311. The stock has a market capitalization of $50.34 million, a P/E ratio of -2.15 and a beta of 0.26. Immix Biopharma has a 52-week low of $1.26 and a 52-week high of $3.23. The stock has a 50 day moving average of $1.86 and a two-hundred day moving average of $1.86.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of Immix Biopharma in a report on Monday, February 10th.

Immix Biopharma Company Profile

Immix Biopharma, Inc, a clinical-stage biopharmaceutical company, engages in developing tissue-specific therapeutics in oncology and inflammation in the United States and Australia. The company is developing IMX-110 that is in Phase 1b/2a clinical trials for the treatment of soft tissue sarcoma and solid tumors; IMX-111, a tissue-specific biologic for the treatment of colorectal cancers; and IMX-120, a tissue-specific biologic for the treatment of ulcerative colitis and severe Crohn's disease.