DURECT Corporation: New 52-Week Low Set Today (DRRX)

July 15, 2021 12:44:50

Shares of DURECT Corporation (NASDAQ:DRRX) traded today at $1.30, breaking its 52-week low. This new low was reached on below average trading volume as 117,000 shares traded hands, while the average 30-day volume is approximately 609,000 shares.

In the past 52 weeks, shares of DURECT Corporation have traded between the current low of $1.30 and a high of $2.95 and is now at $1.36.

Potential upside of 24.3% exists for DURECT Corporation, based on a current level of $1.36 and analysts’ average consensus price target of $1.69.

Durect Corp is a biopharmaceutical company. It is engaged in the research, development, and manufacturing of pharmaceutical products. The company develops pharmaceutical products based on two categories which include new chemical entities and proprietary pharmaceutical programs. The company’s pipeline products consist of DUR-928, POSIMIR, and others. Geographically, the company operates in the United States, Europe, Japan, and other countries, of which key revenue is derived from the United States.

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