HCW Biologics (NASDAQ:HCWB) Releases Quarterly Earnings Results

HCW Biologics (NASDAQ:HCWB) issued its quarterly earnings results on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. HCW Biologics had a negative net margin of 1,067.82% and a negative return on equity of 2,516.84%.

HCW Biologics Stock Down 2.1 %

Shares of HCWB stock traded down $0.01 during trading hours on Friday, hitting $0.30. 89,921 shares of the company’s stock traded hands, compared to its average volume of 3,882,112. The stock’s fifty day simple moving average is $0.37 and its two-hundred day simple moving average is $0.44. HCW Biologics has a 12-month low of $0.21 and a 12-month high of $2.52. The stock has a market cap of $13.18 million, a price-to-earnings ratio of -0.30 and a beta of 0.71.

About HCW Biologics

HCW Biologics Inc, a clinical-stage biopharmaceutical company, focuses on discovering and developing novel immunotherapies for chronic, low-grade inflammation, and age-related diseases in the United States. The company's lead products include HCW9218, which is in Phase 1 clinical chemo-refractory/chemo-resistant solid tumors with pancreatic, ovarian, breast, prostate, and colorectal cancers, as well as Phase 2 clinical trial with metastatic advanced stage ovarian cancer patients; and HCW9302 for autoimmune and proinflammatory diseases, such as alopecia areata diseases.