CNAT - Conatus Pharmaceuticals Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
0.3395
-0.0005 (-0.15%)
At close: 4:00PM EDT
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Previous Close0.3400
Open0.3400
Bid0.3290 x 1100
Ask0.3440 x 800
Day's Range0.3292 - 0.3490
52 Week Range0.2500 - 5.8900
Volume905,912
Avg. Volume715,946
Market Cap11.261M
Beta (3Y Monthly)2.25
PE Ratio (TTM)N/A
EPS (TTM)-0.4350
Earnings DateAug 6, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.60
Trade prices are not sourced from all markets
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  • Conatus (CNAT) Beats on Q2 Earnings, Stops Emricasan Studies
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    Conatus (CNAT) Beats on Q2 Earnings, Stops Emricasan Studies

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  • Conatus Pharmaceuticals (CNAT) Reports Q2 Loss, Tops Revenue Estimates
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    Conatus Pharmaceuticals (CNAT) Reports Q2 Loss, Tops Revenue Estimates

    Conatus (CNAT) delivered earnings and revenue surprises of 83.33% and 54.16%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Conatus Pharmaceuticals Reports Second Quarter 2019 Financial Results and Program Updates

    SAN DIEGO, Aug. 06, 2019 -- Conatus Pharmaceuticals Inc. (Nasdaq:CNAT) today announced financial results for the quarter and six months ended June 30, 2019, and provided.

  • Will Conatus Pharmaceuticals (CNAT) Report Negative Q2 Earnings? What You Should Know
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    Will Conatus Pharmaceuticals (CNAT) Report Negative Q2 Earnings? What You Should Know

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  • Investors Who Bought Conatus Pharmaceuticals (NASDAQ:CNAT) Shares Five Years Ago Are Now Down 96%
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    Investors Who Bought Conatus Pharmaceuticals (NASDAQ:CNAT) Shares Five Years Ago Are Now Down 96%

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  • Conatus (CNAT) Stock Price Could Hit Zero
    SmarterAnalyst

    Conatus (CNAT) Stock Price Could Hit Zero

    Did an iceberg just wallop into Conatus (CNAT) stock? This biotech company's shares plunged yesterday at breakneck speed of almost 70%. The reason? Conatus’ lead drug Emricasan failed a mid-stage trial in patients with nonalcoholic steatohepatitis-related decompensated cirrhosis.Emricasan – an oral pan-caspase inhibitor that targets nonalcoholic steatohepatitis – has gone through several trials over the last three years. This recent phase 2b trial was conclusive enough for Conatus to forgo any further testing, after the trial clearly proved the drug is not an effective treatment.Amidst uncertainty about Conatus’ strategic options, H.C. Wainwright analyst Ed Arce has removed his price target on CNAT stock, while maintaining a Neutral rating. (To watch Arce's track record, click here)Conatus projects its cash and equivalents at the end of 2019 to be in the range of $10M to $15M. The company also announced that 40% of their staff were laid off after the failure and suspension of the 2b trial.Arce believes that it is incredibly challenging to value the company during this period of cash preservation and strategic re-evaluation. With the termination of the development program for Emricasan, Conatus is currently focused on finding a strategic purchaser who sees value in the CTS-2090 compound used in Emricasan and the expertise of the remaining employees. With a market cap of $9.64M, it appears that the market is pricing in the possibility of bankruptcy, as the company is being valued below Conatus’ projections of end-of-year 2019 cash and equivalents.Arce believes the main concern is that if the company cannot find a strategic acquirer before their cash runs dry, they are at seriously risk of going into bankruptcy.TipRanks suggests caution roars loud on Wall Street for sell-side analysts sizing up the challenged drug maker's prospects. Out of 4 analysts polled in the last 12 months, all 4 are sidelined on CNAT stock. (See CNAT's price targets and analyst ratings on TipRanks) More recent articles from Smarter Analyst: * RBC: 3 Semiconductor Stocks Primed for Gains * 3 "Strong Buy" Energy Stocks Ready to Rally * 3 Buy-Rated Stocks with Over 6% Dividend Yield * 3 'Perfect 10' Stocks That Could Win Big

  • Biotech Stock Roundup: Vertex, AMAG Drugs Get FDA Nod, Conatus Study Fails & More
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  • Benzinga

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  • Conatus' Emricasan Lags Primary Goal in Liver Function Study
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    Conatus' Emricasan Lags Primary Goal in Liver Function Study

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  • Benzinga

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  • Reuters

    UPDATE 1-Conatus Pharma to explore options as liver disease drug fails trial

    Conatus Pharmaceuticals Inc said on Monday it plans to explore options and implement a restructuring plan after its liver disease drug failed in a mid-stage trial. The drug was being developed to treat patients with nonalcoholic steatohepatitis (NASH), a fatty liver disease where fat accumulation and inflammation can lead to scarring, or fibrosis, that impairs liver function. Novartis AG in 2017 had exercised its option with Conatus to develop emricasan.

  • GlobeNewswire

    Conatus to Explore Strategic Alternatives and Implement Restructuring Plan

    Conatus Pharmaceuticals Inc. (CNAT) today announced that the company has engaged Oppenheimer & Co., Inc., as its financial advisor to assist in the exploration and evaluation of strategic alternatives to enhance shareholder value. In order to extend its resources, Conatus is implementing a restructuring plan that includes reducing staff by approximately 40% and suspending development of its inflammasome disease candidate, CTS-2090. The company has updated its financial guidance and is projecting a year-end 2019 net balance of cash, cash equivalents and marketable securities of between $10 million and $15 million.

  • GlobeNewswire

    Conatus Announces Results from ENCORE-LF and ENCORE-PH Phase 2b Clinical Trials in NASH Cirrhosis

    Conatus Pharmaceuticals Inc. (CNAT) today announced that top-line results from the company’s ENCORE-LF clinical trial of emricasan did not meet its primary endpoint and the company is discontinuing further treatment of patients enrolled in the ENCORE-LF clinical trial.  Also, results from the 24-week extension in the company’s ENCORE-PH clinical trial of emricasan were consistent with results from the initial 24-week treatment period and did not meet predefined objectives. Conatus will continue to work with its partner Novartis on ensuring that all remaining obligations related to the emricasan program are fulfilled. The randomized, double-blind ENCORE-LF Phase 2b clinical trial, initiated in the second quarter of 2017, enrolled 217 patients with decompensated NASH cirrhosis.

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  • Conatus Down More Than 60% in the Past 90 Days: Here's Why
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  • Associated Press

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