Thomas Chen Buys 12,757 Shares of Neonc Technologies (NASDAQ:NTHI) Stock

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI – Get Free Report) CEO Thomas Chen bought 12,757 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average price of $5.49 per share, with a total value of $70,035.93. Following the transaction, the chief executive officer owned 13,705 shares of the company’s stock, valued at $75,240.45. The trade was a 1,345.68% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Neonc Technologies Trading Up 2.6%

Shares of NASDAQ NTHI opened at $4.68 on Friday. Neonc Technologies Holdings, Inc. has a 52-week low of $3.01 and a 52-week high of $12.99. The firm’s fifty day moving average is $4.14 and its two-hundred day moving average is $5.95.

Get Neonc Technologies alerts:

Neonc Technologies (NASDAQ:NTHI – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.46).

Analyst Ratings Changes

A number of analysts have issued reports on NTHI shares. BTIG Research reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Neonc Technologies in a research note on Tuesday, May 26th. Wall Street Zen lowered shares of Neonc Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Alliance Global Partners started coverage on shares of Neonc Technologies in a research report on Tuesday, May 19th. They issued a “buy” rating and a $13.00 price target on the stock. Weiss Ratings downgraded shares of Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, June 24th. Finally, Maxim Group started coverage on shares of Neonc Technologies in a research report on Monday, May 18th. They set a “buy” rating and a $20.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Neonc Technologies presently has a consensus rating of “Hold” and a consensus target price of $16.00.

View Our Latest Analysis on Neonc Technologies

Institutional Investors Weigh In On Neonc Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTHI. HighPoint Advisor Group LLC boosted its holdings in shares of Neonc Technologies by 20.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,144,640 shares of the company’s stock worth $9,466,000 after purchasing an additional 194,408 shares during the period. Bank of America Corp DE raised its holdings in Neonc Technologies by 5.0% during the 1st quarter. Bank of America Corp DE now owns 235,396 shares of the company’s stock valued at $1,650,000 after buying an additional 11,108 shares during the period. Westmount Partners LLC raised its holdings in Neonc Technologies by 355.2% during the 2nd quarter. Westmount Partners LLC now owns 197,178 shares of the company’s stock valued at $893,000 after buying an additional 153,858 shares during the period. BlackRock Inc. bought a new stake in Neonc Technologies in the second quarter worth $815,000. Finally, Vanguard Group Inc. bought a new stake in Neonc Technologies in the third quarter worth $1,279,000.

Neonc Technologies Company Profile

(Get Free Report)

Neonc Technologies Holdings, Inc develops novel molecular technology that provides enhanced targeted delivery of technologies for treating central nervous system diseases. Its lead products in development include NEO100, which is in Phase 2a clinical trials for treating glioblastoma; and NEO212, a covalently conjugated molecule combining the chemotherapeutic drug temozolomide with perillyl alcohol that is completed preclinical testing. The company was incorporated in 2023 and is based in Los Angeles, California.

Featured Articles

• Five stocks we like better than Neonc Technologies
• Blueprint for a Boom: SEC Clears the Crypto Runway
• Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
• Advance Auto Parts Plunged, But Its Turnaround Is Still Working
• Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

Receive News & Ratings for Neonc Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neonc Technologies and related companies with MarketBeat.com's FREE daily email newsletter.