U.S. Markets closed

Avenue Therapeutics, Inc. (ATXI)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
Add to watchlist
10.59+0.12 (+1.15%)
At close: 4:00PM EDT
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Commodity Channel Index

Commodity Channel Index

Previous Close10.47
Open10.48
Bid10.43 x 1100
Ask10.59 x 800
Day's Range10.26 - 10.59
52 Week Range4.96 - 11.83
Volume5,166
Avg. Volume55,064
Market Cap176.671M
Beta (5Y Monthly)0.15
PE Ratio (TTM)N/A
EPS (TTM)-0.97
Earnings DateMay 11, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est12.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • GlobeNewswire

    Avenue Therapeutics Reports Second Quarter 2020 Financial Results and Recent Corporate Highlights

    NEW YORK, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Avenue Therapeutics, Inc. (NASDAQ: ATXI) (“Avenue”), a company focused on the development of intravenous (“IV”) tramadol for the U.S. market, today reported financial results and recent corporate highlights for the second quarter ended June 30, 2020. “We were pleased to announce several publications pertaining to IV tramadol in peer-reviewed journals recently. These publications highlight the positive data and accomplishments from our Phase 3 program,” said Lucy Lu, M.D., Avenue’s President and CEO. “We look forward to an eventful second half of 2020 as we approach IV tramadol’s Prescription Drug User Fee Act (“PDUFA”) date of October 10, 2020.”Recent Corporate Highlights: * In April 2020, Avenue announced that two e-posters highlighting efficacy and safety results from its Phase 3 program were available for online viewing from the cancelled Annual Regional Anesthesiology and Acute Pain Medicine Meeting hosted by the American Society of Regional Anesthesia and Pain Medicine. * The e-poster (816) titled “Intravenous Tramadol is Effective in Management of Postoperative Pain Following Abdominoplasty: A 3-arm Randomized Controlled Trial” presents data from the Phase 3 abdominoplasty study and can be found here. * The e-poster (1001) titled “IV tramadol – A New Treatment Option for Management of Post-Operative Pain: A Safety Trial Including Various Types of Surgery” presents data from the Phase 3 safety study and can be found here. * In June 2020, Avenue announced the following clinical study publications in peer-reviewed journals. * The publication titled “Intravenous Tramadol is Effective in the Management of Postoperative Pain Following Abdominoplasty: A Three-Arm Randomized Placebo- and Active-Controlled Trial” was published in Drugs in R&D and can be accessed here. * The publication titled “IV Tramadol – A New Treatment Option for Management of Post-Operative Pain in the U.S: An Open-Label, Single-Arm, Safety Trial Including Various Types of Surgery” was published in Journal of Pain Research and can be accessed here. * In July 2020, Avenue announced the following publication of its Phase 3 bunionectomy study. * The publication titled “Efficacy and Safety of Intravenously Administered Tramadol in Patients with Moderate to Severe Pain Following Bunionectomy:  A Randomized, Double-Blind, Placebo-Controlled, Dose-Finding Study” was published in Pain and Therapy and can be accessed here.2020 Financial Results: * Cash Position: As of June 30, 2020, Avenue’s cash and cash equivalents totaled $5.3 million, compared to $6.6 million at March 31, 2020 and $8.7 million at December 31, 2019, a decrease of $1.3 million for the quarter and a decrease of $3.4 million year-to-date.     * R&D Expenses: Research and development expenses for the second quarter of 2020 were $1.2 million, compared to $6.4 million in the second quarter of 2019. This decrease of $5.2 million was primarily attributable to the completion of the abdominoplasty and safety studies in 2019. * G&A Expenses: General and administrative expenses for the second quarters of 2020 and 2019 were flat at approximately $0.7 million, each. * Net Loss: Net loss attributable to common stockholders for the second quarter of 2020 was $1.9 million, or $0.11 per share, compared to a net loss of $7.0 million, or $0.43 per share, in the second quarter of 2019.About Avenue Therapeutics Avenue Therapeutics is a specialty pharmaceutical company whose mission is to develop IV tramadol, a potential alternative that could reduce the use of conventional opioids, for patients suffering from acute pain in the U.S. Avenue is headquartered in New York City and was founded by Fortress Biotech, Inc. (NASDAQ: FBIO). For more information, visit www.avenuetx.com.  Forward-Looking Statements This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock value. Factors that could cause actual results to differ materially from those currently anticipated include: risks related to us obtaining regulatory approval from the FDA for our product candidate, risks relating to the COVID-19 outbreak and its potential impact on our employees’ and consultants’ ability to complete work in a timely manner, risks relating to our growth strategy; risks relating to the results of research and development activities; risks relating to the timing of starting and completing clinical trials; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to preclinical and clinical testing; our dependence on third-party suppliers; our ability to attract, integrate and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.Contacts: Jaclyn Jaffe and William Begien Avenue Therapeutics, Inc. (781) 652-4500 ir@avenuetx.com AVENUE THERAPEUTICS, INC. Condensed Balance Sheets ($ in thousands, except for share and per share amounts)                    June 30, December 31,       2020   2019       (unaudited)                ASSETS        Current Assets:        Cash and cash equivalents$5,257  $8,745      Prepaid expenses and other current assets 74   170      Total Assets$ 5,331  $ 8,915               LIABILITIES AND STOCKHOLDERS' EQUITY        Current Liabilities:        Accounts payable and accrued expenses$1,193  $1,101      Accounts payable and accrued expenses - related party 37   14      Licenses payable -   1,000      Total current liabilities 1,230   2,115               Total Liabilities 1,230   2,115               Commitments and Contingencies                  Stockholders' Equity        Preferred Stock ($0.0001 par value), 2,000,000 shares authorized        Class A Preferred Stock, 250,000 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively -   -      Common Stock ($0.0001 par value), 50,000,000 shares authorized        Common shares, 16,702,803 and 16,682,190 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 2   2      Additional paid-in capital 75,346   74,915      Accumulated deficit (71,247)  (68,117)     Total Stockholders' Equity 4,101   6,800      Total Liabilities and Stockholders' Equity$ 5,331  $ 8,915              AVENUE THERAPEUTICS, INC. Condensed Statements of Operations ($ in thousands, except for share and per share amounts) (Unaudited)              For the Three Months Ended For the Six Months Ended    June 30, June 30, June 30, June 30,     2020   2019   2020   2019    Operating expenses:          Research and development$1,219  $6,392  $1,916  $16,633    General and administrative 684   716   1,261   1,835    Loss from operations (1,903)  (7,108)  (3,177)  (18,468)              Interest income (15)  (126)  (47)  (217)   Net Loss$ (1,888) $ (6,982) $ (3,130) $ (18,251)              Net loss per common share outstanding, basic and diluted$(0.11) $(0.43) $(0.19) $(1.21)              Weighted average number of common shares outstanding, basic and diluted 16,474,655   16,314,763   16,474,655   15,035,811

  • What's in Store for Avenue Therapeutics (ATXI) in Q2 Earnings?
    Zacks

    What's in Store for Avenue Therapeutics (ATXI) in Q2 Earnings?

    Avenue Therapeutics' (ATXI) sole pipeline candidate, tramadol, is under review. With lower clinical activities, operating expenses are likely to have declined during the second quarter.

  • Avenue Therapeutics, Inc. (ATXI) Dips More Than Broader Markets: What You Should Know
    Zacks

    Avenue Therapeutics, Inc. (ATXI) Dips More Than Broader Markets: What You Should Know

    Avenue Therapeutics, Inc. (ATXI) closed the most recent trading day at $10.30, moving -1.9% from the previous trading session.