NASDAQ:EDSA Edesa Biotech (EDSA) Stock Price, News & Analysis → This unknown company solves the biggest issue with AI (From Manward Press) (Ad) Free EDSA Stock Alerts $4.15 -0.10 (-2.35%) (As of 05/29/2024 ET) Add Compare Share Share Today's Range$4.12▼$4.3350-Day Range$4.06▼$4.8952-Week Range$2.46▼$8.33Volume10,315 shsAverage Volume8,390 shsMarket Capitalization$13.37 millionP/E RatioN/ADividend YieldN/APrice Target$39.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get Edesa Biotech alerts: Email Address Edesa Biotech MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside839.3% Upside$39.00 Price TargetShort InterestHealthy0.47% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.97Based on 6 Articles This WeekInsider TradingAcquiring Shares$20,000 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($2.32) to ($1.67) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.41 out of 5 starsMedical Sector298th out of 932 stocksPharmaceutical Preparations Industry140th out of 437 stocks 3.5 Analyst's Opinion Consensus RatingEdesa Biotech has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageEdesa Biotech has received no research coverage in the past 90 days.Read more about Edesa Biotech's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.47% of the float of Edesa Biotech has been sold short.Short Interest Ratio / Days to CoverEdesa Biotech has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Edesa Biotech has recently decreased by 30.43%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldEdesa Biotech does not currently pay a dividend.Dividend GrowthEdesa Biotech does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for EDSA. Previous Next 2.8 News and Social Media Coverage News SentimentEdesa Biotech has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Edesa Biotech this week, compared to 0 articles on an average week.Search InterestOnly 1 people have searched for EDSA on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Edesa Biotech insiders have bought more of their company's stock than they have sold. Specifically, they have bought $20,000.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders25.00% of the stock of Edesa Biotech is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 5.50% of the stock of Edesa Biotech is held by institutions.Read more about Edesa Biotech's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Edesa Biotech are expected to grow in the coming year, from ($2.32) to ($1.67) per share.Price to Book Value per Share RatioEdesa Biotech has a P/B Ratio of 3.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Edesa Biotech's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceMust-See: Elon’s New Invention is Absolutely InsaneCould Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.Click here for the full story… About Edesa Biotech Stock (NASDAQ:EDSA)Edesa Biotech, Inc., a clinical-stage biopharmaceutical company, engages in the research and development, manufacture, and commercialization of pharmaceutical products for inflammatory and immune-related diseases. Its lead product candidates are EB05, a monoclonal antibody, which is in Phase 3 clinical study for the treatment of acute respiratory distress syndrome in Covid-19 patients; and EB01, a topical vanishing cream containing non-steroidal anti-inflammatory compound that has completed Phase 2b clinical study to treat chronic allergic contact dermatitis. The company also develops EB02, an extension of secretory phospholipase 2 anti-inflammatory cream for treating erythema, swelling, and exudation associated with hemorrhoids disease; and EB06, an anti- chemokine ligand 10 (CXCL10) monoclonal antibody in vitiligo. It has a collaboration agreement with NovImmune SA to develop monoclonal antibodies targeting products containing toll-like receptor 4 and CXCL10 for therapeutic, prophylactic, and diagnostic applications in humans and animals; and Yissum Research Development Company for the development of products for therapeutic, prophylactic, and diagnostic uses in topical dermal and anorectal applications, as well as for the use in dermatologic and gastrointestinal conditions. The company was founded in 2015 and is headquartered in Markham, Canada.Read More EDSA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EDSA Stock News HeadlinesMay 30 at 6:02 AM | americanbankingnews.comEdesa Biotech, Inc. (NASDAQ:EDSA) to Post FY2024 Earnings of ($1.95) Per Share, Zacks Small Cap ForecastsMay 28 at 12:50 PM | finance.yahoo.comEDSA: Preparing IND for Phase 2 Trial of EB06 in VitiligoMay 10, 2024 | investorplace.comEDSA Stock Earnings: Edesa Biotech Beats EPS for Q2 2024February 15, 2024 | finance.yahoo.comEDSA: Development of EB05 in ARDS Continues…February 14, 2024 | investing.comEdesa Biotech Inc (EDSA)February 11, 2024 | benzinga.comEdesa Biotech Stock (NASDAQ:EDSA) Earnings Dates and Earning CallsFebruary 9, 2024 | finance.yahoo.comEdesa Biotech Reports Fiscal 1st Quarter 2024 ResultsJanuary 2, 2024 | finance.yahoo.comEDSA: Updated Phase 3 Protocol for EB05 Trial Approved by Canadian Regulators…December 15, 2023 | finance.yahoo.comEdesa Biotech Reports Fiscal Year 2023 ResultsDecember 1, 2023 | benzinga.comEdesa Biotech Stock (NASDAQ:EDSA) Dividends: History, Yield and DatesNovember 12, 2023 | morningstar.comEdesa Biotech Inc EDSANovember 2, 2023 | msn.comEdesa Biotech (EDSA) Price Target Increased by 528.00% to 53.38October 26, 2023 | finance.yahoo.comEdesa Biotech to Present at Dermatology Drug Development SummitOctober 25, 2023 | finance.yahoo.comRegulators Approve Updated Phase 3 Trial Design for Edesa Biotech’s ARDS DrugOctober 19, 2023 | finance.yahoo.comEDSA: Secures up to CAD$23 Million to Fund Development of EB05…October 12, 2023 | msn.comWhy Is Infectious Disease Player Edesa Biotech Stock Soaring Today?October 12, 2023 | finance.yahoo.comEdesa Biotech to Receive Up To C$23 Million in Funding from Federal GovernmentOctober 12, 2023 | finance.yahoo.comEdesa Biotech Secures $10 Million Credit Facility with Company FounderOctober 11, 2023 | seekingalpha.comEdesa Biotech falls after 1-for-7 reverse stock split announcementOctober 10, 2023 | marketwatch.comEdesa Biotech Falls to 52-Week Low on Reverse Split NewsOctober 10, 2023 | finance.yahoo.comEdesa Biotech Announces One-for-Seven Reverse Share SplitSeptember 28, 2023 | finance.yahoo.comEdesa Biotech Publishes Phase 2 Substudy Results of ARDS Drug CandidateAugust 16, 2023 | finance.yahoo.comEDSA: EB05 Inhibits Inflammation Initiated by Multiple Pathogens In Vitro…August 15, 2023 | msn.comHC Wainwright & Co. Maintains Edesa Biotech (EDSA) Buy RecommendationAugust 9, 2023 | finance.yahoo.comEdesa Biotech Reports Fiscal Third Quarter 2023 ResultsSee More Headlines Receive EDSA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Edesa Biotech and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/09/2023Today5/29/2024Next Earnings (Estimated)8/14/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorMedical Industry Pharmaceutical preparations Sub-IndustryN/A Current SymbolNASDAQ:EDSA CUSIPN/A CIK1540159 Webwww.edesabiotech.com Phone(289) 800-9600Fax805-488-2889Employees16Year FoundedN/APrice Target and Rating Average Stock Price Target$39.00 High Stock Price Target$57.00 Low Stock Price Target$21.00 Potential Upside/Downside+839.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-8,370,000.00 Net MarginsN/A Pretax MarginN/A Return on Equity-115.59% Return on Assets-88.84% Debt Debt-to-Equity RatioN/A Current Ratio1.97 Quick Ratio1.97 Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book Value$1.34 per share Price / Book3.10Miscellaneous Outstanding Shares3,216,000Free Float2,412,000Market Cap$13.35 million OptionableNot Optionable Beta0.31 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.Get This Free Report Key ExecutivesDr. Pardeep Nijhawan FRCPC (Age 53)M.D., CEO, Company Secretary & Director Comp: $475.33kDr. Michael J. Brooks M.B.A. (Age 46)Ph.D., President Comp: $439.27kMr. Stephen L. Lemieux BA (Age 47)CPA, CA, CPA, MMPA, Chief Financial Officer Comp: $402.86kKey CompetitorsProteostasis TherapeuticsNASDAQ:PTIRockwell MedicalNASDAQ:RMTIAEON BiopharmaNASDAQ:AEONAnebulo PharmaceuticalsNASDAQ:ANEBTharimmuneNASDAQ:THARView All CompetitorsInsidersPardeep NijhawanBought 5,000 shares on 3/25/2024Total: $20,000.00 ($4.00/share)View All Insider Transactions EDSA Stock Analysis - Frequently Asked Questions Should I buy or sell Edesa Biotech stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Edesa Biotech in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EDSA shares. View EDSA analyst ratings or view top-rated stocks. What is Edesa Biotech's stock price target for 2024? 2 Wall Street analysts have issued twelve-month target prices for Edesa Biotech's stock. Their EDSA share price targets range from $21.00 to $57.00. On average, they expect the company's stock price to reach $39.00 in the next year. This suggests a possible upside of 839.3% from the stock's current price. View analysts price targets for EDSA or view top-rated stocks among Wall Street analysts. How have EDSA shares performed in 2024? Edesa Biotech's stock was trading at $4.57 at the start of the year. Since then, EDSA stock has decreased by 9.1% and is now trading at $4.1520. View the best growth stocks for 2024 here. Are investors shorting Edesa Biotech? Edesa Biotech saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 11,200 shares, a decline of 30.4% from the April 30th total of 16,100 shares. Based on an average trading volume of 8,300 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the shares of the company are sold short. View Edesa Biotech's Short Interest. When is Edesa Biotech's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024. View our EDSA earnings forecast. How were Edesa Biotech's earnings last quarter? Edesa Biotech, Inc. (NASDAQ:EDSA) released its earnings results on Wednesday, August, 9th. The company reported ($0.70) EPS for the quarter, beating the consensus estimate of ($1.19) by $0.49. When did Edesa Biotech's stock split? Shares of Edesa Biotech reverse split on Wednesday, October 11th 2023. The 1-7 reverse split was announced on Tuesday, October 10th 2023. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, October 10th 2023. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split. What other stocks do shareholders of Edesa Biotech own? Based on aggregate information from My MarketBeat watchlists, some companies that other Edesa Biotech investors own include Pfizer (PFE), AbbVie (ABBV), VBI Vaccines (VBIV), Vaxart (VXRT), Exxon Mobil (XOM), Anavex Life Sciences (AVXL), Occidental Petroleum (OXY), Sorrento Therapeutics (SRNE), AT&T (T) and Amarin (AMRN). How do I buy shares of Edesa Biotech? Shares of EDSA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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