InflaRx (IFRX) Scheduled to Post Quarterly Earnings on Friday

InflaRx (NASDAQ:IFRX) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect InflaRx to post earnings of ($0.27) per share for the quarter.

InflaRx (NASDAQ:IFRX) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.05). The company had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.04 million. InflaRx had a negative net margin of 44,046.09% and a negative return on equity of 47.03%. On average, analysts expect InflaRx to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

InflaRx Stock Down 4.4 %

Shares of NASDAQ IFRX opened at $1.53 on Thursday. The stock has a market cap of $90.09 million, a PE ratio of -1.72 and a beta of 1.57. InflaRx has a 52-week low of $1.14 and a 52-week high of $2.10. The business has a 50-day moving average price of $1.53 and a 200 day moving average price of $1.51.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $8.00 price objective on shares of InflaRx in a report on Wednesday, September 25th.

InflaRx Company Profile

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.