Shares of Pulmatrix Inc. (NASDAQ:PULM) traded today at $0.91, breaking its 52-week low. Approximately 2.6 million shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.
Over the past year, Pulmatrix Inc. has traded in a range of $0.91 to $3.04 and is now at $0.95.
There is potential upside of 41.5% for shares of Pulmatrix Inc. based on a current price of $0.95 and an average consensus analyst price target of $1.34.
Pulmatrix Inc is a clinical-stage biotechnology company. The company is focused on the discovery and development of novel inhaled therapeutic products intended to prevent and treat respiratory diseases and infections with significant unmet medical needs. Pulmatrix designs and develops inhaled therapeutic products based on its proprietary dry powder delivery technology, iSPERSE (inhaled Small Particles Easily Respirable and Emitted), which enables delivery of small or large molecule drugs to the lungs by inhalation for local or systemic applications. The iSPERSE powders are engineered to be small, dense particles with dispersibility and delivery to airways.
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