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The latest announcement is out from TransCode Therapeutics ( (RNAZ) ).
On May 6, 2025, TransCode Therapeutics received a notice from Nasdaq indicating that its common stock had not met the minimum closing bid price requirement of $1.00 per share for 30 consecutive business days, risking delisting. The company plans to appeal the delisting decision by requesting a hearing before a Nasdaq Hearings Panel, which will temporarily halt any delisting actions pending the hearing’s outcome. However, there is no assurance that TransCode will regain compliance and maintain its Nasdaq listing.
Spark’s Take on RNAZ Stock
According to Spark, TipRanks’ AI Analyst, RNAZ is a Underperform.
TransCode Therapeutics, as an early-stage biotech firm, presents a high-risk investment profile with significant financial challenges. The lack of revenue and increasing losses, coupled with negative equity, highlight financial instability. Technical indicators suggest continued downward pressure on the stock. The absence of a favorable valuation further impacts its attractiveness. Investors should be cautious given the speculative nature and financial health of the company.
To see Spark’s full report on RNAZ stock, click here.
More about TransCode Therapeutics
TransCode Therapeutics, Inc. operates in the biotechnology industry, focusing on developing innovative therapeutics for treating cancer and other serious diseases. The company is dedicated to advancing its pipeline of RNA-targeted therapies to address unmet medical needs.
Average Trading Volume: 9,257,954
Technical Sentiment Signal: Sell
Current Market Cap: $8.45M
See more insights into RNAZ stock on TipRanks’ Stock Analysis page.