Synaptogenix (NASDAQ:SNPX) Shares Down 5.1% – Here’s Why

Synaptogenix, Inc. (NASDAQ:SNPXGet Free Report)’s share price traded down 5.1% during trading on Tuesday . The company traded as low as $2.97 and last traded at $2.97. 11,065 shares traded hands during trading, a decline of 70% from the average session volume of 36,893 shares. The stock had previously closed at $3.13.

Synaptogenix Stock Performance

The business has a 50-day moving average of $2.95 and a 200 day moving average of $3.63.

Synaptogenix (NASDAQ:SNPXGet Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($4.58) EPS for the quarter, missing the consensus estimate of ($1.95) by ($2.63).

Synaptogenix Company Profile

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Synaptogenix, Inc operates as a biopharmaceutical company with product candidates in pre-clinical and clinical development. The company focuses on developing a product platform based upon a drug candidate called Bryostatin-1 for the treatment of Alzheimer's disease. It also evaluates therapeutic applications of bryostatin for other neurodegenerative or cognitive diseases and dysfunctions, such as fragile X syndrome, multiple sclerosis, and Niemann-pick type C disease.

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