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Apogee Therapeutics downgraded to "Sell" despite beating earnings, citing projected losses and market volatility.
Apogee Therapeutics (APGE) has been downgraded to "Sell" from "Hold" by Wall Street Zen despite beating earnings estimates with a quarterly loss of $1.11 per share.
The company, developing biologics for inflammatory diseases like atopic dermatitis and COPD, projects a $3.09 loss for the current fiscal year.
While analysts remain optimistic about its pipeline—including APG777 and APG808—market sentiment is mixed, with a negative P/E ratio and high volatility.
The stock trades at $76.09 with a market cap of $5.2 billion and 42.77% institutional ownership.
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Apogee Therapeutics bajó a "Vender" a pesar de superar las ganancias, citando las pérdidas proyectadas y la volatilidad del mercado.