H.C. Wainwright Remains a Hold on CymaBay Therapeutics (CBAY)

By Carrie Williams

In a report released today, Ed Arce from H.C. Wainwright maintained a Hold rating on CymaBay Therapeutics (CBAYResearch Report). The company’s shares closed last Monday at $1.86, close to its 52-week low of $1.29.

According to TipRanks.com, Arce is a 5-star analyst with an average return of 11.4% and a 38.3% success rate. Arce covers the Healthcare sector, focusing on stocks such as Entasis Therapeutics Holdings, Madrigal Pharmaceuticals, and Collegium Pharmaceutical.

CymaBay Therapeutics has an analyst consensus of Hold, with a price target consensus of $2.17.

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Based on CymaBay Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $26.28 million. In comparison, last year the company had a GAAP net loss of $19.45 million.

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CymaBay Therapeutics, Inc. is a clinical stage biopharmaceutical company, focused on developing and providing access to therapies for patients with liver and other chronic diseases with high unmet medical need. Its products include MBX-8025 and Arhalofenate, MBX-8025 aims to treat lipid and liver diseases while Arhalofenate intends to reduce gout flares and serum uric acid. The company was founded on October 5, 1988 and is headquartered in Newark, CA.