Affimed (NASDAQ:AFMD) had its price objective reduced by equities research analysts at BMO Capital Markets from $6.00 to $4.00 in a report released on Thursday, August 9th. The brokerage currently has an “outperform” rating on the biopharmaceutical company’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 26.61% from the company’s previous close.
Several other analysts have also recently commented on the stock. ValuEngine upgraded shares of Affimed from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. Zacks Investment Research cut shares of Affimed from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $3.75.
Shares of AFMD traded up $0.15 during trading hours on Thursday, reaching $5.45. 3,403,600 shares of the stock traded hands, compared to its average volume of 1,001,986. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.33 and a current ratio of 5.36. Affimed has a 52-week low of $1.15 and a 52-week high of $7.35. The stock has a market cap of $346.27 million, a price-to-earnings ratio of -6.99 and a beta of 2.35.
Affimed Company Profile
Affimed N.V., a clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States, Europe, and Germany. Its lead candidate is AFM13, a natural killer cell (NK-cell) TandAb, which is in Phase 2a clinical study of relapsed CD30-positive lymphoma and Phase 1b clinical study of anti-PD-1 antibody Keytruda (pembrolizumab) in patients with relapsed Hodgkin lymphoma.
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