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Eupraxia Pharmaceuticals (EPRX) Receives a Rating Update from a Top Analyst

Tipranks - Sun Mar 22, 9:58AM CDT

In a report released today, Sam Slutsky from LifeSci Capital maintained a Buy rating on Eupraxia Pharmaceuticals, with a price target of $16.00.

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Slutsky covers the Healthcare sector, focusing on stocks such as Palvella Therapeutics, Olema Pharmaceuticals, and Oruka Therapeutics. According to TipRanks, Slutsky has an average return of 40.2% and a 51.74% success rate on recommended stocks.

In addition to LifeSci Capital, Eupraxia Pharmaceuticals also received a Buy from Bloom Burton’s David Martin PhD in a report issued on March 18. However, on March 15, TipRanks – OpenAI reiterated a Hold rating on Eupraxia Pharmaceuticals (TSX: EPRX).

Based on Eupraxia Pharmaceuticals’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$23.3 million. In comparison, last year the company had a GAAP net loss of C$10.8 million

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EPRX in relation to earlier this year.

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