Tonix Pharmaceuticals (TNXP) Posts Earnings Results, Beats Expectations By $0.04 EPS

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Tonix Pharmaceuticals (NASDAQ:TNXP) posted its quarterly earnings data on Friday. The company reported ($0.57) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.04, MarketWatch Earnings reports.

Shares of NASDAQ:TNXP opened at $0.58 on Friday. The firm has a market capitalization of $6.51 million, a P/E ratio of -0.20 and a beta of 1.48. Tonix Pharmaceuticals has a 12-month low of $0.52 and a 12-month high of $5.11.

A number of research firms have recently issued reports on TNXP. Roth Capital reiterated a “neutral” rating and set a $1.00 price objective (down previously from $6.00) on shares of Tonix Pharmaceuticals in a research note on Friday, July 27th. Brookline Cap M lowered shares of Tonix Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. Finally, B. Riley reiterated a “neutral” rating and set a $8.00 price objective on shares of Tonix Pharmaceuticals in a research note on Friday, July 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Tonix Pharmaceuticals currently has an average rating of “Buy” and an average target price of $4.50.

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About Tonix Pharmaceuticals

Tonix Pharmaceuticals Holding Corp., a clinical-stage biopharmaceutical company, focuses on discovering and developing pharmaceutical products to treat serious neuropsychiatric conditions and to improve biodefense. Its lead product candidate is TNX-102 SL or Tonmya that is designed as a bedtime administration for posttraumatic stress disorder (PTSD), which is in Phase 3 study in the military-related PTSD population.

Further Reading: Market Capitalization in the Stock Market

Earnings History for Tonix Pharmaceuticals (NASDAQ:TNXP)

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