CFRX - Shares of ContraFect Corporation (CFRX) Surpass 52-Week Low
Shares of ContraFect Corporation (NASDAQ:CFRX) traded today at $4.18, breaking its 52-week low. This new low was reached on above average trading volume as 3.2 million shares traded hands, while the average 30-day volume is approximately 1.8 million shares.
ContraFect Corporation (NASDAQ:CFRX) is currently priced 42.5% above its average consensus analyst price target of $2.45.
In the past 52 weeks, ContraFect Corporation share prices are bracketed by a current low of $4.18 and a high of $8.45 and is now at $4.26.
ContraFect Corp is a cinical-stage biotechnology company which focuses on discovering and developing therapeutic protein and antibody products for the treatment of life-threatening infectious diseases including those caused by drug-resistant pathogens, particularly treated in hospital settings. The company has developed advanced lysin product candidate, CF-301 for the treatment of Staph aureus bacteremia, including endocarditis. It also emphasizes on addressing drug-resistant infections using product candidates from its lysin and monoclonal antibody platforms that target conserved regions of either bacteria or viruses. The company operates through a single segment being the Development of therapeutic protein and antibody products for life-threatening, drug-resistant infectious diseases.
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