Neonc Technologies Holdings, Inc. (NASDAQ:NTHI – Get Free Report) CEO Amir Heshmatpour bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was purchased at an average price of $3.96 per share, for a total transaction of $59,400.00. Following the acquisition, the chief executive officer owned 3,148,000 shares of the company’s stock, valued at $12,466,080. This trade represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Neonc Technologies Stock Performance
NTHI traded down $0.47 during trading on Tuesday, reaching $3.31. 285,988 shares of the stock traded hands, compared to its average volume of 104,731. The stock’s 50-day moving average is $4.04 and its 200 day moving average is $5.27. Neonc Technologies Holdings, Inc. has a 12 month low of $3.01 and a 12 month high of $12.99.
Neonc Technologies (NASDAQ:NTHI – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.46).
Wall Street Analyst Weigh In
Read Our Latest Report on NTHI
Institutional Trading of Neonc Technologies
Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in Neonc Technologies by 5.0% in the first quarter. Bank of America Corp DE now owns 235,396 shares of the company’s stock worth $1,650,000 after purchasing an additional 11,108 shares during the last quarter. Westmount Partners LLC grew its stake in Neonc Technologies by 355.2% in the 2nd quarter. Westmount Partners LLC now owns 197,178 shares of the company’s stock valued at $893,000 after purchasing an additional 153,858 shares during the period. BlackRock Inc. purchased a new stake in shares of Neonc Technologies during the 2nd quarter valued at $815,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Neonc Technologies during the 2nd quarter worth $126,000.
Key Headlines Impacting Neonc Technologies
Here are the key news stories impacting Neonc Technologies this week:
- Positive Sentiment: Company executives continued buying shares. CEO Amir F. Heshmatpour purchased a combined 87,000 shares across transactions dated September 11, 14 and 15, while CEO Thomas C. Chen bought 10,798 shares and CFO Keithly Garnett purchased 257 shares. The purchases signal that management believes the shares may be undervalued and provide a potential confidence boost for investors. SEC insider purchase filing
- Positive Sentiment: NeOnc is advancing NEO100 toward another regulatory review, while its targeted-delivery platform and oncology programs remain central to the investment story. The company’s lead program is in Phase 2a development for glioblastoma, creating potential upside if clinical and regulatory milestones are achieved. NeOnc regulatory update
- Neutral Sentiment: Analyst opinions remain mixed. Several firms maintain Buy ratings and high price targets, but other services have issued Sell ratings; the reported consensus is Hold. These targets may be especially speculative given NeOnc’s early-stage clinical profile.
- Negative Sentiment: The company recently reported a quarterly loss of $0.58 per share, substantially worse than the consensus loss estimate of $0.12. The earnings miss reinforces concerns about cash usage and the time required to commercialize its therapies.
- Negative Sentiment: Recent financing involving healthcare-focused institutions may provide capital to advance NEO100, but issuing or selling additional shares can dilute existing shareholders. Investors are also likely cautious because NTHI remains well below its longer-term moving averages and has experienced elevated trading volume.
About Neonc Technologies
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.
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