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Sionna Therapeutics (NASDAQ:SION) Shares Gap Down - What's Next?

Sionna Therapeutics logo with Medical background

Sionna Therapeutics, Inc. (NASDAQ:SION - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $12.14, but opened at $11.85. Sionna Therapeutics shares last traded at $12.31, with a volume of 562 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Guggenheim initiated coverage on Sionna Therapeutics in a research report on Tuesday, March 4th. They set a "buy" rating and a $45.00 target price for the company. TD Cowen initiated coverage on shares of Sionna Therapeutics in a research note on Tuesday, March 4th. They set a "buy" rating for the company. Finally, Stifel Nicolaus began coverage on Sionna Therapeutics in a research note on Tuesday, March 4th. They issued a "buy" rating and a $32.00 price objective on the stock.

Check Out Our Latest Analysis on SION

Sionna Therapeutics Stock Performance

The firm has a 50 day moving average price of $12.99.

Sionna Therapeutics (NASDAQ:SION - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported ($3.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.68) by ($0.70).

About Sionna Therapeutics

(Get Free Report)

We are a clinical-stage biopharmaceutical company on a mission to revolutionize the current treatment paradigm for cystic fibrosis (“CF”) patients by developing novel medicines that normalize the function of the cystic fibrosis transmembrane conductance regulator (“CFTR”) protein to deliver clinically meaningful benefit to CF patients.

See Also

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