IDRA - Idera Pharmaceuticals Inc.: The Losing Streak Continues (IDRA)

Shares of Idera Pharmaceuticals Inc. (NASDAQ:IDRA) traded today at $1.12, breaking its 52-week low. This new low was reached on approximately average trading volume as 6.3 million shares traded hands, while the average 30-day volume is approximately 5.5 million shares.

Idera Pharmaceuticals Inc is a clinical-stage biopharmaceutical company involved in the discovery, development, and commercialization of innovative therapeutics for oncology and rare diseases. The company has developed two distinct proprietary drug-discovery technology platforms: Toll-like receptor and third-generation antisense technology. The Toll-like receptor technology helped the company create synthetic oligonucleotide-based drug candidates.

In the past 52 weeks, shares of Idera Pharmaceuticals Inc. have traded between the current low of $1.12 and a high of $6.14 and is now at $1.15.

Potential upside of 15.8% exists for Idera Pharmaceuticals Inc., based on a current level of $1.15 and analysts' average consensus price target of $1.33.

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