Maxim Group analyst Naz Rahman maintained a Buy rating on Quoin Pharmaceuticals (QNRX – Research Report) yesterday and set a price target of $2.00. The company’s shares opened today at $0.53.
Rahman covers the Healthcare sector, focusing on stocks such as Viking Therapeutics, Quoin Pharmaceuticals, and scPharmaceuticals. According to TipRanks, Rahman has an average return of -11.7% and a 31.13% success rate on recommended stocks.
Currently, the analyst consensus on Quoin Pharmaceuticals is a Moderate Buy with an average price target of $4.00, implying a 654.72% upside from current levels. In a report released yesterday, JMP Securities also reiterated a Buy rating on the stock with a $6.00 price target.
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QNRX market cap is currently $2.57M and has a P/E ratio of -0.02.
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Read More on QNRX:
- Quoin Pharmaceuticals Provides Corporate Update and Announces Fourth Quarter and Full Year 2022 Financial Results
- Quoin Pharmaceuticals reports Q4 earnings per ADS (41c), consensus (62c)
- Quoin Pharmaceuticals Announces 2022 Corporate Update Conference Call to be held on Thursday March 9th at 8:30am ET
- Quoin Pharmaceuticals Announces Pricing of $7.0 Million Public Offering
- Quoin Pharmaceuticals 4.95M ADS secondary priced at $1.00
