InflaRx (IFRX) to Release Quarterly Earnings on Thursday

InflaRx (NASDAQ:IFRX - Get Free Report) will be announcing its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.

InflaRx (NASDAQ:IFRX - Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.05. The company had revenue of $0.04 million for the quarter, compared to analysts' expectations of $1.76 million. On average, analysts expect InflaRx to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

InflaRx Price Performance

Shares of NASDAQ:IFRX traded down $0.06 during trading on Friday, reaching $1.46. 7,559 shares of the company were exchanged, compared to its average volume of 191,815. The firm has a market capitalization of $85.96 million, a PE ratio of -1.95 and a beta of 1.58. The business's fifty day simple moving average is $1.57 and its 200-day simple moving average is $1.54. InflaRx has a 12-month low of $1.14 and a 12-month high of $4.30.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a "buy" rating and set a $8.00 target price on shares of InflaRx in a research report on Monday, June 24th.

Check Out Our Latest Stock Report on IFRX

About InflaRx

InflaRx N.V., a clinical-stage biopharmaceutical company, discovers and develops inhibitors using C5a technology in Germany and the United States. The company's C5a is an inflammatory mediator that is involved in the progression of a variety of autoimmune and other inflammatory diseases. Its lead product candidate is vilobelimab, a novel intravenously delivered first-in-class anti-C5a monoclonal antibody, which completed the Phase III clinical trial for the treatment of hidradenitis suppurativa, a rare and chronic debilitating systemic inflammatory skin disease; for the treatment of anti-neutrophil cytoplasm antibody associated vasculitis, a rare and life-threatening autoimmune disease that is in Phase II trial; to treat pyoderma gangraenosum, a chronic inflammatory skin disorder that is in Phase IIa exploratory study; and for the treatment of PD-1/PD-L1 inhibitor resistant/refractory locally advanced or metastatic cutaneous squamous cell carcinoma that is in Phase II clinical development stage.

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