Foghorn Therapeutics Inc. (NASDAQ:FHTX) traded today at a new 52-week low of $12.75. So far today approximately 120,000 shares have been exchanged, as compared to an average 30-day volume of 93,000 shares.
In the past 52 weeks, Foghorn Therapeutics Inc. share prices are bracketed by a current low of $12.75 and a high of $28.27 and is now at $13.00.
Foghorn Therapeutics Inc is engaged in discovery and development of a new class of medicines targeting genetically determined dependencies within the chromatin regulatory system, an untapped opportunity for therapeutic intervention. Its proprietary Gene Traffic Control platform gives us an integrated, mechanistic understanding of how the various components of the chromatin regulatory system interact, allowing it to identify, validate and potentially drug targets within the system. The company is developing FHD-286, a selective, allosteric ATPase inhibitor, and FHD-609, a protein degrader, to treat hematologic cancers and solid tumors.
Potential upside of 18.0% exists for Foghorn Therapeutics Inc., based on a current level of $13.00 and analysts’ average consensus price target of $15.34.
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