H.C. Wainwright analyst Emily Bodnar maintained a Buy rating on TransCode Therapeutics (RNAZ – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $1.29.
According to TipRanks, Bodnar is a 4-star analyst with an average return of 11.7% and a 62.07% success rate. Bodnar covers the Healthcare sector, focusing on stocks such as Celsion, NovoCure, and Olema Pharmaceuticals.
Currently, the analyst consensus on TransCode Therapeutics is a Moderate Buy with an average price target of $10.00.
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Based on TransCode Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $3.47 million. In comparison, last year the company had a GAAP net loss of $4.49 million
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TransCode Therapeutics Inc is an RNA oncology company. It is created to defeat the cancer through the intelligent design and effective delivery of RNA therapeutics. The company’s lead therapeutic candidate, TTX-MC138, is focused on treating metastatic cancer, which has the potential to produce regression without recurrence in a range of cancers, including breast, pancreatic, ovarian and colon cancer, glioblastomas and others.
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