Talphera (NASDAQ:TLPH) Stock Price Up 1.7%

Talphera, Inc. (NASDAQ:TLPH)’s share price shot up 1.7% during mid-day trading on Tuesday . The company traded as high as $1.02 and last traded at $0.95. 20,477 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 119,366 shares. The stock had previously closed at $0.93.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $6.00 target price on shares of Talphera in a research report on Thursday, March 7th.

Talphera Price Performance

The stock has a market cap of $16.05 million, a P/E ratio of -0.64 and a beta of 0.51. The company has a fifty day moving average price of $1.15.

Talphera (NASDAQ:TLPH) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). The company had revenue of $0.28 million during the quarter. Sell-side analysts expect that Talphera, Inc. will post -1.12 earnings per share for the current year.

About Talphera

Talphera, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of therapies for use in medically supervised settings. Its lead product candidate is Niyad, a lyophilized formulation of nafamostat, which is under an investigational device exemption as an anticoagulant for the extracorporeal circuit.