Site icon Market Globalist

Why Did ContraFect Corp. (CFRX) Stock Remain Soaring Even After-Hours?

ContraFect Corporation (Nasdaq: CFRX) stock reported an excellent day for trading yesterday as it succeeded in continuing its upward trend not only during regular market hours but also in extended trading as well. A federal agency awarded the company a cost-share contract that led to impressive gains for the company after-hours.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

What the company has won? 


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The contract biotech company developed DLAs with the aim of finding and developing new compounds. The treatments for life-threatening, antibiotic-resistant infections have included the use of lysins and amurin peptides. Antimicrobial resistance leads to the deaths of around 700,000 people in the world each year. Based on its therapeutic product candidates from its platform of DLAs, the company plans to address life-threatening infections with lysin and amurin peptides. The company recently has been awarded an important contract by a federal agency as per following details:

Read More

What Analyst Think About The Company 

According to WSJ, ContraFect Corporation (NASDAQ: CFRX) obtained an estimated Buy proposal from the 3 brokerage firms currently keeping a deep eye on the stock performance as compares to its rivals. The average price goal set by this analyst for one year is $16.33.

Financial Highlights 

The stock last released its quarterly earnings report for the quarter ended 9/29/2020, with the company’s earnings per share (EPS) of -$0.19 above consensus estimates by -$0.38. The company’s next earnings report is expected on 05/12/2021, with forecasts estimating quarterly EPS at -$0.31 and -$1.61 for a whole year. CFRX’s earnings per share are forecast to grow by 68.80% this year and 34.80% over next year.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.   

Finally,

It is difficult to visualize how fast antibiotic resistance is developing, and the devising of effective medical countermeasures could not only eliminate infections but will also help developing companies make their businesses lucrative for the stakeholders.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Exit mobile version