Home Trending Stocks Here is why Xeris Pharmaceuticals Inc (XERS) stock turnaround on Thursday

Here is why Xeris Pharmaceuticals Inc (XERS) stock turnaround on Thursday

Xeris Pharmaceuticals Inc. (XERS) shares gained 5.17% to trade at $4.07 in after-market on Thursday, April 29, 2021. Earlier, XERS’s stock lost 3.97% to close Thursday’s session at $3.87. XERS shares have risen by 46.04% over the last 12 months, and they have moved down 0.26% in the past week. Over the past three months, the stock has lost 25.72%, while over the past six months, it has shed 24.41%.

Let’s see is there any reason behind its flip on Thursday?


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


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

Speculations about its upcoming Q1 earnings

The market expects Xeris Pharmaceuticals (XERS) to deliver an increase in earnings on higher revenues when it reports results for the quarter ended March 2021.

Read More

But according to Zacks estimates. The company can post a quarterly loss of $0.31 per share in its upcoming report. Also, Revenues are expected to be $7.57 million, according to Zacks.

Ogluo approval by U.K. MHRA

On April 29, 2021, Xeris Pharmaceuticals, Inc. said that its Ogluo® (glucagon) injection has been approved by the United Kingdom’s Medicines and Healthcare Regulatory Agency (MHRA).

Ogluo® (glucagon) is used for the treatment of severe hypoglycaemia in adults, adolescents, and children aged 2 years and over with diabetes mellitus.

Glucagon injection, Gvoke is the first prescription, ready-to-use, pre-mixed, pre-measured glucagon injection was approved by the FDA in September 2019 for use in the United States.

Inducement Grants

On March 31, 2021, the Compensation Committee of Xeris granted restricted stock units for an aggregate of 15,250 shares of its common stock to 10 new employees under Xeris Inducement Equity Plan.

Recent financial result announcement

On March 8, 2021, Xeris Pharmaceuticals reported its financial results for the fourth quarter and full-year 2020.

Q4 2020 financial highlights

  • Xeris Pharmaceuticals net sales were $7.1 million for Q4 2020 compared to $1.6 million in Q4 2019
  • The cost of goods was $3.4 million in Q4 2020, compared to $1.6 million in Q4 2019.
  • R&D expenses for the fourth quarter of 2020 were 5.1 million compared to $12.4 million in Q4 2019.
  • SG&A expenses for the fourth quarter were $18.0 million compared to $20.6 million in Q4 2019.
  • Xeris suffered a net loss of $21.9 million or $0.41 per share in Q4 2020, compared to a net loss of $33.1 million, or $1.23 per share, for the same period in 2019. 

FY 2020 financial highlights

  • Xeris Pharmaceuticals net sales were $$20.2million for FY2020 compared to $1.6 million in FY 2019.
  • The cost of goods was $9.3 million in Q4 2020, compared to $1.6 million in Q4 2019.
  • R&D expenses for FY 2020 were $20.9 million compared to $60.4 million in FY 2019.
  • SG&A expenses for 2020 were $73.7 million compared to $63.1 million in 2019.
  • Xeris suffered a net loss of $91.1 million, or $2.14 per share, compared to a net loss of $125.6 million, or $4.81 per share in FY 2019.
  • Xeris reported total cash, cash equivalents, and investments of $133.8 million, as of December 31, 2020.

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

Conclusion

The approval of Ogluo in the UK is an important development forXeris Pharmaceuticals which was the reason behind its turnaround on Thursday. XERS stock can further go up in the coming days.

Get The Best Stocks To Trade Every Day!

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

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

Why did Protagenic Therapeutics Inc. (PTIX) stock commence the new week with a negative trend?

Protagenic Therapeutics Inc. (PTIX) shares declined 13.82% in the pre-market on Monday, July 26, 2021, as of this writing. In after-hours on Friday, Protagenic...

Acorda Therapeutics Inc. (ACOR) stock plunged during pre-market. Here’s what you should know.

Acorda Therapeutics Inc. (ACOR) stock rose by 24.15% at the last close whereas the ACOR stock price fell by 9.30% in the pre-market trading...

Why Socket Mobile Inc. (SCKT) stock price faced negativity in the pre-market?

Socket Mobile Inc. (SCKT) shares declined 10.18% in pre-hours to $7.50 per share. On Friday, SCKT's stock gained 43.97% to close Friday's morning session...

Related News

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

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

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam