Overview
Relmada Q3 net loss narrows to $10.1 mln from $21.7 mln in Q3 2024
Company completed $100 mln offering to support operations into 2028
Result Drivers
FINANCIAL SUPPORT - Completed $100 mln offering to support planned operations into 2028
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$10.10 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy."
Wall Street's median 12-month price target for Relmada Therapeutics Inc is $1.00, about 291% below its November 12 closing price of $3.91
Press Release: ID:nGNX1dRhS7
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)