Anixa Biosciences (NASDAQ:ANIX) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Anixa Biosciences (NASDAQ:ANIX) announced its quarterly earnings data on Wednesday. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02, Fidelity Earnings reports.

Shares of ANIX stock opened at $4.33 on Friday. Anixa Biosciences has a fifty-two week low of $1.70 and a fifty-two week high of $8.09. The business has a 50-day moving average price of $4.32. The firm has a market cap of $136.10 million, a price-to-earnings ratio of -3.83 and a beta of 1.41.

In other news, Director Emily Gottschalk bought 10,000 shares of the company’s stock in a transaction on Friday, April 23rd. The shares were bought at an average cost of $4.49 per share, with a total value of $44,900.00. Over the last ninety days, insiders acquired 30,000 shares of company stock worth $137,150. Insiders own 19.80% of the company’s stock.

ANIX has been the subject of several research analyst reports. Zacks Investment Research downgraded Anixa Biosciences from a “buy” rating to a “hold” rating in a research note on Tuesday, April 27th. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 target price on shares of Anixa Biosciences in a research report on Friday, May 21st. Finally, Aegis reaffirmed a “buy” rating on shares of Anixa Biosciences in a research report on Monday, February 15th.

Anixa Biosciences Company Profile

Anixa Biosciences, Inc, a biotechnology company, develops therapies and vaccines focusing on critical unmet needs in oncology and infectious diseases. The company's therapeutics programs include the development of a chimeric endocrine receptor T-cell technology, a novel form of chimeric antigen receptor T-cell (CAR-T) technology focusing on the treatment of ovarian cancer; and the discovery and development of anti-viral drug candidates for the treatment of COVID-19 focused on inhibiting certain viral protein functions of the virus.

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Earnings History for Anixa Biosciences (NASDAQ:ANIX)

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