Shares of Avenue Therapeutics Inc. (NASDAQ:ATXI) traded today at $2.20, breaking its 52-week low. This new low was reached on above average trading volume as 996,000 shares traded hands, while the average 30-day volume is approximately 499,000 shares.
Avenue Therapeutics Inc. has overhead space with shares priced $2.21, or 18.1% below the average consensus analyst price target of $2.70.
Avenue Therapeutics Inc is a specialty pharmaceutical company that develops and markets pharmaceutical products for the acute care setting. It focuses on developing its product candidate, an intravenous (IV) formulation of tramadol HCI (IV Tramadol), for post-operative acute pain.
In the past 52 weeks, shares of Avenue Therapeutics Inc. have traded between the current low of $2.20 and a high of $12.34 and is now at $2.21.
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