Shares of Foghorn Therapeutics Inc. (NASDAQ:FHTX) traded at a new 52-week low today of $9.20. So far today approximately 126,000 shares have been exchanged, as compared to an average 30-day volume of 181,000 shares.
Foghorn Therapeutics Inc. has overhead space with shares priced $9.36, or 7.4% below the average consensus analyst price target of $10.11.
Foghorn Therapeutics Inc is engaged in the discovery and development of a new class of medicines targeting genetically determined dependencies within the chromatin regulatory system. Its proprietary Gene Traffic Control platform gives 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.
In the past 52 weeks, shares of Foghorn Therapeutics Inc. have traded between the current low of $9.20 and a high of $28.27 and is now at $9.36.
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