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Ascendiant Remains a Buy on NRX Pharmaceuticals (NRXP)

In a report released on April 5, Edward Woo from Ascendiant maintained a Buy rating on NRX Pharmaceuticals (NRXPResearch Report), with a price target of $4.75. The company’s shares closed yesterday at $0.58.

According to TipRanks, Woo is an analyst with an average return of -1.7% and a 41.36% success rate. Woo covers the Healthcare sector, focusing on stocks such as BioSig Technologies, Vivos Therapeutics, and Biolase.

NRX Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $3.25.

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NRXP market cap is currently $39.36M and has a P/E ratio of -0.95.

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Big Rock Partners Acquisition Corp. is a blank check company, which was formed for the purpose of entering into a merger, stock exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses or entities. It focuses on identifying a prospective target business in the senior housing and care industry in the United States. The firm’s care segments are commonly divided into four categories: Independent Living; Assisted Living; Memory Care and Nursing Care. The company was founded on September 18, 2017 and is headquartered in Delray Beach, FL.

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