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Q32 Bio Reports First Quarter 2024 Financial Results and Provides Corporate Update
PRNewswire (Thu, 9-May 6:59 AM ET)
Q32 Bio Appoints Lee Kalowski as President & Chief Financial Officer
PRNewswire (Wed, 3-Apr 7:00 AM ET)
Q32 Bio Inc is a clinical-stage biotechnology company focused on developing novel biologics to effectively and safely restore healthy immune balance in patients with autoimmune & inflammatory diseases driven by pathological immune dysfunction. Q32 is advancing antibody-based therapeutic candidates designed to target two central pathways of adaptive & innate immunity. The adaptive immune system is largely composed of T- & B-cell mediated cellular & antibody responses, while the innate immune system is the body's first line of defense employing leukocytes that are responsible for clearing pathogens and cellular debris and modulating T- & B-cell function. ADX-097, the lead product candidate from Q32's complement inhibitor platform, is a humanized anti-C3d monoclonal antibody fusion protein.
Q32 Bio trades on the NASDAQ stock market under the symbol QTTB.
As of May 20, 2024, QTTB stock price declined to $30.20 with 39,386 million shares trading.
QTTB has a market cap of $360.65 million. This is considered a Small Cap stock.
Last quarter Q32 Bio reported $0 in Revenue and -$6.33 earnings per share. This fell short of revenue expectation by $-170,000 and missed earnings estimates by -$4.01.
The top ETF exchange traded funds that QTTB belongs to (by Net Assets): VTI, VXF, FESM, AVSC.
QTTB support price is $28.44 and resistance is $32.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QTTB stock will trade within this expected range on the day.