Flag Ship Acquisition (NASDAQ:ETHZ) Issues Earnings Results

Flag Ship Acquisition (NASDAQ:ETHZ) released its quarterly earnings results on Friday. The company reported ($16.80) earnings per share for the quarter, Zacks reports. The business had revenue of $4.11 million during the quarter.

Flag Ship Acquisition Price Performance

NASDAQ:ETHZ traded down $1.32 during trading hours on Friday, reaching $14.86. The company’s stock had a trading volume of 790,631 shares, compared to its average volume of 1,592,990. The company has a market capitalization of $244.30 million, a price-to-earnings ratio of -0.10 and a beta of 0.39. The firm’s 50-day moving average price is $20.90. Flag Ship Acquisition has a 1 year low of $6.60 and a 1 year high of $174.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Flag Ship Acquisition to a “strong sell” rating in a research report on Saturday, August 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flag Ship Acquisition in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Flag Ship Acquisition Company Profile

1180 Life Sciences Corp., a clinical-stage biotechnology company, develops therapeutics for unmet medical needs in chronic pain, inflammation, fibrosis, and other inflammatory diseases. Its product development platforms include fibrosis and anti-tumor necrosis factor (anti-TNF) platform, which is under Phase IIb clinical trials that focuses on fibrosis and Anti-TNF; Synthetic Cannabidiol (CBD) Analogs platform, which is under preclinical trials that are man-made derivatives of CBD; and a7nAChR platform, an immune suppressive, which is under preclinical trails that focuses on alpha 7 nicotinic acetylcholine receptor.