Xilio Therapeutics (NASDAQ:XLO – Get Free Report) had its price target reduced by analysts at Raymond James from $6.00 to $4.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 304.00% from the stock’s previous close.
Xilio Therapeutics Stock Performance
NASDAQ XLO opened at $0.99 on Friday. The company has a market cap of $43.51 million, a PE ratio of -0.47 and a beta of -0.24. The firm’s 50 day moving average price is $0.88 and its 200-day moving average price is $0.95. Xilio Therapeutics has a 52-week low of $0.49 and a 52-week high of $1.93.
Xilio Therapeutics (NASDAQ:XLO – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.01). The business had revenue of $2.36 million during the quarter, compared to analyst estimates of $30.00 million. On average, analysts forecast that Xilio Therapeutics will post -1.26 earnings per share for the current fiscal year.
Institutional Trading of Xilio Therapeutics
Xilio Therapeutics Company Profile
Xilio Therapeutics, Inc, a clinical-stage biotechnology company, engages in the discovery and development of tumor-activated immuno-oncology therapies. The company’s checkpoint inhibitor program includes XTX101, an investigational Fc-enhanced, tumor-activated anti-CTLA-4 mAb that is in Phase 2 clinical trial for patients with advanced solid tumors.
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