ABVC BioPharma’s (OTCMKTS:ABVC) lock-up interval will expire on Monday, January thirty first. ABVC BioPharma had issued 1,100,000 shares in its IPO on August third. The full measurement of the providing was $6,875,000 primarily based on an preliminary share value of $6.25. After the tip of ABVC BioPharma’s lock-up interval, restrictions stopping main shareholders and firm insiders from promoting shares within the firm might be lifted.
OTCMKTS:ABVC opened at $2.72 on Monday. The corporate has a debt-to-equity ratio of 0.01, a fast ratio of two.05 and a present ratio of two.07. The corporate has a fifty day shifting common of $3.35 and a two-hundred day shifting common of $3.30. ABVC BioPharma has a fifty-two week low of $1.95 and a fifty-two week excessive of $11.69.
ABVC BioPharma (OTCMKTS:ABVC) final introduced its quarterly earnings knowledge on Monday, November fifteenth. The corporate reported ($0.07) earnings per share (EPS) for the quarter, lacking the Zacks’ consensus estimate of ($0.04) by ($0.03). ABVC BioPharma had a unfavorable internet margin of two,145.77% and a unfavorable return on fairness of 318.25%. The agency had income of $0.10 million throughout the quarter, in comparison with analysts’ expectations of $0.14 million. As a gaggle, sell-side analysts anticipate that ABVC BioPharma will publish -0.23 earnings per share for the present yr.
A number of institutional buyers and hedge funds have lately modified their holdings of the corporate. Credit score Suisse AG acquired a brand new stake in ABVC BioPharma within the third quarter valued at roughly $27,000. Squarepoint Ops LLC bought a brand new stake in ABVC BioPharma within the third quarter valued at $44,000. Lastly, Geode Capital Administration LLC bought a brand new stake in ABVC BioPharma within the third quarter valued at $115,000. 0.79% of the inventory is at present owned by institutional buyers and hedge funds.
ABVC BioPharma Firm Profile
ABVC BioPharma, Inc is a medical stage biopharmaceutical firm, which engages within the growth of recent medication and medical units. The agency’s merchandise pipeline embrace ABV-1501, which is a mixture remedy for triple unfavorable breast most cancers (TNBC); ABV-1504 is a botanical reuptake inhibitor that targets norepinephrine; ABV-1505 for treating consideration deficit hyperactivity dysfunction (ADHD); ABV-1702 is to deal with myelodysplastic syndromes (MDS); ABV-1703 for Pancreatic Most cancers; ABV-1601 for treating melancholy in most cancers sufferers; ABV-1701 is a vitreous substitute for vitrectomy; ABV-2001; and ABV-2002.
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