Viracta Therapeutics (NASDAQ:VIRX) Stock Price Down 1.8%

Viracta Therapeutics, Inc. (NASDAQ:VIRX)’s stock price fell 1.8% during trading on Thursday . The company traded as low as $0.47 and last traded at $0.48. 27,401 shares changed hands during trading, a decline of 75% from the average session volume of 107,935 shares. The stock had previously closed at $0.49.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VIRX. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of Viracta Therapeutics in a report on Tuesday, April 16th. Oppenheimer lowered their price objective on shares of Viracta Therapeutics from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd.

Viracta Therapeutics Trading Down 1.8 %

The firm’s 50 day moving average is $0.69 and its two-hundred day moving average is $0.73. The firm has a market cap of $18.89 million, a P/E ratio of -0.39 and a beta of 0.73.

Viracta Therapeutics (NASDAQ:VIRX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.12. Analysts predict that Viracta Therapeutics, Inc. will post -1.24 EPS for the current fiscal year.

Viracta Therapeutics Company Profile

Viracta Therapeutics, Inc, a clinical-stage precision oncology company, focuses on the treatment and prevention of virus-associated cancers that impact patients worldwide. Its lead product candidate is Nana-val, an all-oral combination therapy of its proprietary investigational drug, nanatinostat, and the antiviral agent valganciclovir.