Keep Your Eyes on This Stock: Hoth Therapeutics (NASDAQ:HOTH)

Hoth Therapeutics (NASDAQ:HOTH) stock identified change of 41.72% away from 52-week low price and recently located move of -59.62% off 52-week high price. It has market worth of $52.63M. HOTH stock has been recorded -1.43% away from 50 day moving average and -1.86% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.52% off 20-day moving average.

On Aug.21, 2019, Hoth Therapeutics (NASDAQ: HOTH) a biopharmaceutical company focused on unique targeted therapeutics for patients suffering from dermatological indications ranging from atopic dermatitis to chronic wound disorders, reported it has entered into a definitive partnership agreement with Zylö Therapeutics to develop a new treatment for patients suffering from Cutaneous Lupus Erythematosus [CLE], a chronic autoimmune disease that affects the skin.

Zylö Therapeutics, dedicated to bringing innovative topical technologies to multiple facets of medicine, has developed a patented topical delivery system using xerogel-derived nanoparticles called Z-pods™ s, Hoth has an exclusive license to develop Anandamide-loaded Z-pods™ for the treatment of CLE in North America. Anandamide, generally referred to as AEA, is one of the cannabinoids that the human body makes naturally.

Hoth also has certain rights related to geographic expansion and to follow-on indications such as psoriasis and rheumatoid arthritis.

Scientists at the Albert Einstein College of Medicine, where the platform technology was originally developed, have demonstrated that topical administration with AEA-loaded Z-pods™ inhibits the development of CLE lesions in a well-established animal model of lupus. This work reinforces and highlights the utility of targeting the endocannabinoid system for autoimmune rheumatic diseases. The Healthcare sector company, Hoth Therapeutics noticed change of -1.15% to $5.61 along volume of 5405 shares in recent session compared to an average volume of 21.23K. The stock observed return of 5.56% in 5 days trading activity. The stock was at -16.96% over one month performance. HOTH’s shares are at 8.41% for the quarter is now at -34.29% since this point in 2018.

The average volatility for the week at 10.46% and for month was at 12.79%. There are 9.39M shares outstanding and 3.88M shares are floated in market. .

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