Analysts Offer Predictions for Salarius Pharmaceuticals, Inc.’s Q2 2022 Earnings (NASDAQ:SLRX)

Salarius Pharmaceuticals, Inc. (NASDAQ:SLRXGet Rating) – Stock analysts at Diamond Equity issued their Q2 2022 EPS estimates for Salarius Pharmaceuticals in a research report issued to clients and investors on Wednesday, May 18th. Diamond Equity analyst H. Diamond expects that the company will earn ($0.11) per share for the quarter. Diamond Equity also issued estimates for Salarius Pharmaceuticals’ Q3 2022 earnings at ($0.11) EPS and Q4 2022 earnings at ($0.13) EPS.

Several other equities analysts also recently commented on SLRX. HC Wainwright cut their price target on shares of Salarius Pharmaceuticals from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, March 11th. Zacks Investment Research upgraded shares of Salarius Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Thursday, May 5th.

Shares of NASDAQ:SLRX opened at $0.19 on Monday. The company has a market capitalization of $10.62 million, a price-to-earnings ratio of -0.51 and a beta of 1.44. Salarius Pharmaceuticals has a 12 month low of $0.16 and a 12 month high of $1.49. The firm’s 50-day moving average is $0.31 and its 200 day moving average is $0.45.

Salarius Pharmaceuticals (NASDAQ:SLRXGet Rating) last announced its earnings results on Thursday, March 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. During the same quarter in the previous year, the firm earned ($0.10) EPS.

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in Salarius Pharmaceuticals by 9.5% in the 4th quarter. Geode Capital Management LLC now owns 390,115 shares of the company’s stock worth $193,000 after acquiring an additional 34,001 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Salarius Pharmaceuticals during the fourth quarter valued at approximately $89,000. Two Sigma Advisers LP bought a new position in shares of Salarius Pharmaceuticals during the third quarter valued at approximately $114,000. Millennium Management LLC boosted its stake in shares of Salarius Pharmaceuticals by 77.6% during the third quarter. Millennium Management LLC now owns 59,480 shares of the company’s stock valued at $61,000 after purchasing an additional 25,992 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Salarius Pharmaceuticals by 54.8% during the third quarter. Morgan Stanley now owns 759,772 shares of the company’s stock valued at $775,000 after purchasing an additional 268,970 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

About Salarius Pharmaceuticals (Get Rating)

Salarius Pharmaceuticals, Inc, a clinical-stage biotechnology company, focuses on developing epigenetic-based cancer treatments. Its lead candidate is Seclidemstat (SP-2577), a small molecular inhibitor which is in Phase I/II clinical trial for the treatment of advanced solid tumors, as well as Ewing sarcoma.

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