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Rapport Therapeutics beat earnings estimates despite a loss, stock rose on strong volume.
Rapport Therapeutics (RAPP) reported second-quarter earnings with a loss of $0.71 per share, beating estimates by $0.06.
The stock rose $0.30 to $25.66 on Friday, with above-average trading volume.
The Boston-based clinical-stage biotech, focused on CNS disorders, has a market cap of $936 million and a negative P/E ratio.
Analysts maintain a "Moderate Buy" consensus with an average target of $46.50, while some firms raised targets to $80.00.
The company continues to advance its lead candidate, RAP-219, for focal epilepsy, with no current dividend.
Insider sales were reported, but institutional ownership remains strong.
Rapport Therapeutics superó las estimaciones de ganancias a pesar de una pérdida, las acciones subieron con un volumen fuerte.