Analysts at Cantor Fitzgerald began coverage on shares of Cyclerion Therapeutics (NASDAQ:CYCN) in a research note issued to investors on Friday, Analyst Price Targets reports. The firm set an “overweight” rating and a $7.00 price target on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 107.10% from the stock’s previous close.
CYCN stock opened at $3.38 on Friday. The company has a 50-day simple moving average of $3.19 and a 200 day simple moving average of $3.26. Cyclerion Therapeutics has a fifty-two week low of $2.08 and a fifty-two week high of $7.55.
Cyclerion Therapeutics (NASDAQ:CYCN) last posted its quarterly earnings data on Thursday, July 29th. The company reported ($0.45) earnings per share for the quarter. The company had revenue of $3.00 million during the quarter. Cyclerion Therapeutics had a negative return on equity of 108.85% and a negative net margin of 1,880.97%.
Cyclerion Therapeutics Company Profile
Cyclerion Therapeutics, Inc is a clinical-stage biopharmaceutical company, which engages in the discovery, development, and commercialization of treatments for serious and orphan diseases, through the use of soluble guanylate cyclase (sGC) pharmacology. Its product pipeline includes several sGC stimulators, a small molecules that act synergistically with nitric oxide on sGC to boost production of cyclic guanosine monophosphate (cGMP).
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