Shares of Redhill Biopharma Ltd. (NASDAQ:RDHL) traded at a new 52-week low today of $5.90. This new low was reached on below average trading volume as 103,000 shares traded hands, while the average 30-day volume is approximately 278,000 shares.
In the past 52 weeks, Redhill Biopharma Ltd. share prices are bracketed by a current low of $5.90 and a high of $11.52 and is now at $6.13.
Potential upside of 13.1% exists for Redhill Biopharma Ltd., based on a current level of $6.13 and analysts’ average consensus price target of $6.93.
Redhill Biopharma Ltd is a specialty biopharmaceutical company focused on gastrointestinal diseases. The company promotes gastrointestinal drugs, including Movantik for opioid-induced constipation in adults, Talicia for the treatment of Helicobacter pylori infection in adults, and Aemcolo for the treatment of travelers’ diarrhea in adults. Its key clinical late-stage development programs include RHB-104 for Crohn’s disease; RHB-204, for pulmonary nontuberculous mycobacteria infections; RHB-102 (Bekinda) with positive results from a first Phase 3 study for acute gastroenteritis and gastritis; Opaganib (Yeliva); RHB-106, an encapsulated bowel preparation and RHB-107, a Phase 2-stage serine protease inhibitor targeting cancer and inflammatory gastrointestinal diseases.
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