H.C. Wainwright analyst Mitchell Kapoor reiterated a Buy rating on Reneo Pharmaceuticals (RPHM – Research Report) today and set a price target of $30.00. The company’s shares closed yesterday at $7.40.
According to TipRanks, Kapoor is an analyst with an average return of -5.8% and a 37.70% success rate. Kapoor covers the Healthcare sector, focusing on stocks such as Halozyme, Rallybio, and Carisma Therapeutics.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Reneo Pharmaceuticals with a $27.00 average price target.
See today’s best-performing stocks on TipRanks >>
Based on Reneo Pharmaceuticals’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $19.5 million. In comparison, last year the company had a GAAP net loss of $12.31 million
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RPHM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Reneo Pharmaceuticals Inc is a clinical stage pharmaceutical company. It is focused on the development of therapies for patients with rare genetic mitochondrial diseases, which are often associated with the inability of mitochondria to produce adenosine triphosphate (ATP). The company is developing REN001 to modulate genes critical to metabolism and generation of ATP, which is the primary source of energy for cellular processes.
Read More on RPHM:
- Reneo Pharmaceuticals to Participate in Upcoming Investor Conferences
- Reneo Pharmaceuticals initiated with a Buy at H.C. Wainwright
- Reneo Pharmaceuticals Reports Second Quarter 2023 Financial Results
- Reneo Pharmaceuticals reports Q2 EPS (65c), consensus (52c)
- Bank of America Says These 2 Stocks Could Double Your Money — Here’s Why They Could Rally
