HC Wainwright & Co. Reiterates Acurx Pharmaceuticals (ACXP) Buy Recommendation

Fintel reports that on April 11, 2023,
HC Wainwright & Co.
reiterated
coverage of Acurx Pharmaceuticals (NASDAQ:ACXP) with
a Buy recommendation.

Analyst Price Forecast Suggests 304.76% Upside

As of April 6, 2023,
the average one-year price target for Acurx Pharmaceuticals is $13.60.
The forecasts range from a low of $12.12 to a high of $14.70.
The average price target represents an increase of 304.76% from its latest reported closing price of $3.36.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Acurx Pharmaceuticals
is $0MM.

The projected annual non-GAAP EPS
is -$0.87.

What are Other Shareholders Doing?

Millennium Management
holds 29K shares
representing 0.25% ownership of the company.

In it’s prior filing, the firm reported owning 47K shares, representing
a decrease
of 62.86%.

The firm

increased

its portfolio allocation in ACXP by 16,512.13% over the last quarter.

DFEOX – U.s. Core Equity 1 Portfolio – Institutional Class
holds 1K shares
representing 0.01% ownership of the company.

Tocqueville Asset Management
holds 10K shares
representing 0.09% ownership of the company.

No change in the last quarter.

DFAC – Dimensional U.S. Core Equity 2 ETF
holds 0K shares
representing 0.00% ownership of the company.

Belpointe Asset Management
holds 3K shares
representing 0.03% ownership of the company.

No change in the last quarter.

What is the Fund Sentiment?

There are 28 funds or institutions reporting positions in Acurx Pharmaceuticals.

This is an increase
of
8
owner(s) or 40.00% in the last quarter.

Average portfolio weight of all funds dedicated to ACXP is 0.00%,
a decrease
of 93.72%.

Total shares owned by institutions decreased
in the last three months by 9.23% to 1,398K shares.

The put/call ratio of ACXP is 0.00, indicating a

bullish
outlook.

Acurx Pharmaceuticals Background Information
(This description is provided by the company.)

Acurx Pharmaceuticals is a clinical stage biopharmaceutical company focused on developing new antibiotics for difficult to treat infections. The Company’s approach is to develop antibiotic candidates that target the DNA polymerase IIIC enzyme and its R&D pipeline includes early stage antibiotic candidates that target other Gram-positive bacteria, including Methicillin-Resistant Staphylococcus aureus (MRSA), Vancomycin-Resistant Enterococcus (VRE) and Penicillin-Resistant Streptococcus pneumoniae (PRSP).

See all Acurx Pharmaceuticals regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.