Shares of Revelation Biosciences, Inc. (NASDAQ:REVB – Free Report) are scheduled to reverse split on the morning of Tuesday, October 20th. The 1-7 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, October 19th.
Revelation Biosciences Trading Down 36.4%
REVB stock traded down $0.28 during trading hours on Friday, hitting $0.48. 632,488 shares of the stock traded hands, compared to its average volume of 240,393. The stock has a 50-day simple moving average of $0.95 and a 200 day simple moving average of $1.03. Revelation Biosciences has a one year low of $0.47 and a one year high of $5.80. The company has a market cap of $1.93 million, a P/E ratio of -0.04 and a beta of -0.07.
Revelation Biosciences (NASDAQ:REVB – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.87) EPS for the quarter, beating the consensus estimate of ($0.88) by $0.01. Analysts forecast that Revelation Biosciences will post -5.18 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered Revelation Biosciences from a “sell (e+)” rating to a “sell (e)” rating in a report on Wednesday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Revelation Biosciences currently has a consensus rating of “Sell”.
About Revelation Biosciences
Revelation Biosciences, Inc is a clinical-stage biotechnology company focused on developing therapies that activate and regulate the body’s innate immune system. Its research is aimed primarily at addressing infectious diseases and inflammatory conditions, particularly those affecting the respiratory system.
The company’s pipeline includes intranasal product candidates designed to stimulate localized immune responses in the nose and airways. Its lead candidate, REVTx-99, has been developed as an investigational therapy for respiratory conditions, including the prevention or reduction of complications associated with severe respiratory infections.
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