Today’s Stock On Watch: What’s Ahead for Abeona Therapeutics Inc After Today’s Big Decline?

Today's Stock On Watch: What's Ahead for Abeona Therapeutics Inc After Today's Big Decline?

The stock of Abeona Therapeutics Inc (NASDAQ:ABEO) is a huge mover today! About 316,419 shares traded hands. Abeona Therapeutics Inc (NASDAQ:ABEO) has risen 138.18% since April 27, 2016 and is uptrending. It has outperformed by 132.95% the S&P500.
The move comes after 8 months negative chart setup for the $232.33 million company. It was reported on Nov, 30 by Barchart.com. We have $5.88 PT which if reached, will make NASDAQ:ABEO worth $9.29 million less.

Abeona Therapeutics Inc (NASDAQ:ABEO) Ratings Coverage

Out of 3 analysts covering Abeona Therapeutics (NASDAQ:ABEO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Abeona Therapeutics has been the topic of 4 analyst reports since December 16, 2015 according to StockzIntelligence Inc. Rodman & Renshaw reinitiated Abeona Therapeutics Inc (NASDAQ:ABEO) on Wednesday, April 20 with “Buy” rating. The company was initiated on Wednesday, December 16 by Maxim Group. The stock of Abeona Therapeutics Inc (NASDAQ:ABEO) earned “Buy” rating by Cantor Fitzgerald on Thursday, September 8. The rating was maintained by Maxim Group with “Buy” on Thursday, September 29.

According to Zacks Investment Research, “Abeona Therapeutics, Inc. is engaged in developing and delivering gene therapy and plasma-based products for rare diseases. Abeona Therapeutics Inc., formerly known as PlasmaTech Biopharmaceuticals, Inc., is based in Dallas, United States.”

More news for Abeona Therapeutics Inc (NASDAQ:ABEO) were recently published by: Fool.com, which released: “Why Abeona Therapeutics Inc. Is Surging Today” on October 18, 2016. Benzinga.com‘s article titled: “263% Upside Seen In Abeona Therapeutics” and published on September 21, 2016 is yet another important article.

ABEO Company Profile

Abeona Therapeutics, Inc. (Abeona), formerly PlasmaTech Biopharmaceuticals, Inc., incorporated on June 22, 1989, is focused on developing and delivering gene therapy and plasma products for rare diseases. The Company’s lead programs are ABO-101 (AA9 NAGLU) and ABO-102 (scAAV9 SGHG), adeno-associated virus (AAV) gene therapies for Sanfilippo syndrome (Mucopolysaccharidosis (MPS) IIIA and IIIB) in collaboration with patient advocate groups, researchers and clinicians. The Firm is also developing ABO-201 (scAAV9 CLN3) gene therapy for juvenile Batten disease (JBD), and ABO-301 (AAV LK19 FANCC) for Fanconi anemia (FA) disorder using a clustered, regularly interspaced short palindromic repeats (CRISPR)/Cas9 gene editing approach to gene therapy program for rare blood diseases. In addition, it is developing rare plasma protein therapies, including PTB-101 SDF Alpha (alpha-1 protease inhibitor) for inherited chronic obstructive pulmonary disease (COPD) using its salt diafiltration (SDF) ethanol-free process. The Company’s product pipeline also consists of MuGard and ProdiGard.

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