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small-cap

One NASDAQ: Listed Biotechnology Stock at Resistance Level: NRX Pharmaceuticals Inc

Jan 03, 2025 | Team Kalkine
One NASDAQ: Listed Biotechnology Stock at Resistance Level: NRX Pharmaceuticals Inc
Image source: shutterstock

NRXP:NASDAQ
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (US$)

NRX Pharmaceuticals Inc

Company Overview: NRX Pharmaceuticals, Inc. (NASDAQ: NRXP) is a clinical-stage biopharmaceutical company. The Company is developing therapeutics based on its N-methyl-D-aspartate (NMDA) platform for the treatment of central nervous system disorders, specifically suicidal bipolar depression, chronic pain, and post-traumatic stress disorder (PTSD). 

As per our previous US Daily Report published on ‘NRXP’ on 24th December 2024, Kalkine provided a ‘Speculative Buy’ stance on the stock at USD 1.55 based on decent fundamentals, other key financial highlights, the upside indicated by valuation and key risks and the stock price has now moved by ~139.35% since then and attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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