Genprex Inc (GNPX) Initiated with a Buy at Noble Financial

By Ryan Adsit

Noble Financial analyst Cosme Ordonez initiated coverage with a Buy rating on Genprex Inc (GNPXResearch Report) on April 26 and set a price target of $5. The company’s shares closed on Friday at $1.78, close to its 52-week low of $0.95.

The the analyst consensus on Genprex Inc is currently a Hold rating.

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Based on Genprex Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $3.43 million. In comparison, last year the company had a GAAP net loss of $694K.

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Genprex, Inc. is a clinical stage gene therapy company, which engages in the development of novel proprietary technology platform for the treatment of cancer. It develops the Oncoprex immunogene therapy which targets the non-small cell lung cancer and other solid tumors.