A share price of NRX Pharmaceuticals Inc [NRXP] is currently trading at $0.48, down -6.60%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NRXP shares have gain 9.47% over the last week, with a monthly amount glided 2.17%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, NRx Pharmaceuticals (NASDAQ:NRXP) Announces Plan to Distribute Shares of HOPE Therapeutics and Royalty Rights on Ketamine Sales to Existing NRx Shareholders. In a post published today on Yahoo Finance, NRx Pharmaceuticals Board of Directors has authorized its Chairman, CEO, and management to take all necessary steps to affect the Dividend and Royalty Rights to NRXP Shareholders and applicable warrant holders.
From an analyst’s perspective:
NRX Pharmaceuticals Inc experienced fluctuations in its stock price throughout the past year between $0.22 and $1.20. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. NRX Pharmaceuticals Inc [NASDAQ: NRXP] shares were valued at $0.48 at the most recent close of the market. An investor can expect a potential return of 316.67% based on the average NRXP price forecast.
Analyzing the NRXP fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -2.53, Equity is 69.77 and Total Capital is 5.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.62.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.4551 points at the first support level, and at 0.4291 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5235, and for the 2nd resistance point, it is at 0.5659.
NRX Pharmaceuticals Inc [NRXP] reported earnings per share of -$0.07 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.11/share, meaning a difference of $0.04 and a surprise factor of 36.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.12 per share as compared to estimates of -$0.14 per share, a difference of $0.02 representing a surprise of 14.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NRX Pharmaceuticals Inc [NASDAQ:NRXP] is 0.68. In addition, the Quick Ratio stands at 0.68 and the Cash Ratio stands at 0.46.
Transactions by insiders
Recent insider trading involved Hurvitz Chaim, Director, that happened on Aug 30 ’23 when 70000.0 shares were purchased. Director, Gorovitz Aaron completed a deal on Aug 30 ’23 to buy 35000.0 shares. Meanwhile, Chief Scientist Javitt Jonathan C bought 100000.0 shares on Aug 23 ’23.
