Fennec Pharmaceuticals director Raykov Rosty sells $52,500 in shares

Published 05/04/2025, 00:32
Fennec Pharmaceuticals director Raykov Rosty sells $52,500 in shares

In a recent transaction, Raykov Rosty, a director at Fennec Pharmaceuticals Inc. (NASDAQ:FENC), sold 10,000 common shares of the company. The shares were sold at a price of $5.25 each, amounting to a total of $52,500. The transaction comes as the stock has experienced a significant decline, dropping over 19% in the past week according to InvestingPro data. This sale was conducted under a 10b5-1 trading plan, which was established on August 23, 2024. Following this transaction, Rosty retains ownership of 61,156 shares in the company. Fennec Pharmaceuticals, based in Research Triangle Park, North Carolina, is classified under the biological products industry. The company maintains strong financial health with impressive gross profit margins of 93.3% and a healthy current ratio of 6.38. InvestingPro analysis indicates the stock is currently undervalued, with analyst price targets ranging from $10 to $15. For deeper insights into FENC’s valuation and 12 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Fennec Pharmaceuticals Inc. reported its fourth-quarter financial results, showing revenue of $7.92 million, slightly exceeding analyst expectations of $7.88 million. Despite this revenue beat, the company recorded a net loss of $0.06 per share, which, while lower than the projected loss of $0.19 per share, was wider than the previous year’s loss of $0.10 per share. For the full year 2024, Fennec achieved PEDMARK net product sales of $29.6 million, marking a 40% year-over-year increase. The company ended the year with $26.6 million in cash and cash equivalents.

Additionally, H.C. Wainwright maintained its Buy rating for Fennec, reiterating a price target of $13. The firm highlighted Fennec’s lower-than-expected operating expenses as a positive aspect of the financial performance. H.C. Wainwright also adjusted its full-year 2025 revenue estimate to $46.7 million, down from $48.4 million, while projecting 2026 revenue at $87.7 million, based on anticipated growth in PEDMARK adoption. The company is focusing on expanding its market presence, including the recent commercial launch of PEDMARQSI in the UK and Germany.

Fennec’s CEO, Jeff Hackman, noted the beginning of a foundational transformation in 2024, with momentum continuing into early 2025, particularly with increased adoption by academic institutions. The company aims to capitalize on growth opportunities, although the recent wider loss has raised concerns among investors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.