InflaRx (IFRX, Financial) recently disclosed that it has received notification from Nasdaq regarding non-compliance with the minimum bid price requirement. For the past 30 business days, the company's common stock has consistently closed below the $1.00 threshold, as stipulated by Nasdaq Listing Rule 5450(a)(1), jeopardizing its continued listing on the exchange.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for InflaRx NV (IFRX, Financial) is $4.24 with a high estimate of $9.90 and a low estimate of $1.98. The average target implies an upside of 382.07% from the current price of $0.88. More detailed estimate data can be found on the InflaRx NV (IFRX) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, InflaRx NV's (IFRX, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
