Shares of Adlai Nortye Ltd. Sponsored ADR (NASDAQ:ANL – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $29.50.
A number of analysts have recently weighed in on ANL shares. Wall Street Zen upgraded Adlai Nortye from a “hold” rating to a “buy” rating in a research report on Saturday. Loop Capital set a $49.00 price objective on Adlai Nortye in a research report on Tuesday, September 8th. Jefferies Financial Group upgraded Adlai Nortye to a “strong-buy” rating in a research note on Monday. HC Wainwright reaffirmed a “buy” rating and issued a $20.00 target price on shares of Adlai Nortye in a research report on Tuesday, September 8th. Finally, Cantor Fitzgerald initiated coverage on Adlai Nortye in a research note on Monday, June 22nd. They issued an “overweight” rating on the stock.
Check Out Our Latest Research Report on ANL
Insider Transactions at Adlai Nortye
Hedge Funds Weigh In On Adlai Nortye
Hedge funds and other institutional investors have recently made changes to their positions in the business. SmartHarvest Portfolios LLC increased its position in Adlai Nortye by 8.5% in the 1st quarter. SmartHarvest Portfolios LLC now owns 16,367 shares of the company’s stock valued at $113,000 after acquiring an additional 1,279 shares during the period. Renaissance Technologies LLC acquired a new position in Adlai Nortye during the 1st quarter worth $457,000. Seven Fleet Capital Management LP bought a new position in shares of Adlai Nortye in the second quarter worth $1,302,000. ADAR1 Capital Management LLC bought a new position in shares of Adlai Nortye in the first quarter worth $816,000. Finally, Affinity Asset Advisors LLC acquired a new position in shares of Adlai Nortye during the first quarter valued at $1,140,000. 35.21% of the stock is currently owned by institutional investors and hedge funds.
Adlai Nortye Price Performance
Shares of NASDAQ ANL opened at $14.46 on Wednesday. The firm’s 50-day moving average price is $14.43 and its two-hundred day moving average price is $12.40. Adlai Nortye has a 52-week low of $0.88 and a 52-week high of $17.25.
About Adlai Nortye
Adlai Nortye Ltd. (NASDAQ: ANL) is a clinical-stage biopharmaceutical company focused on developing and commercializing therapies for cancer and other serious diseases. The company’s research and development programs are centered on immuno-oncology and targeted therapies intended to address unmet medical needs.
Adlai Nortye’s pipeline has included buparlisib, an oral pan-PI3K inhibitor being studied in oncology, as well as AN0025, an investigational EP4 antagonist designed to affect pathways involved in tumor growth and immune response.
Further Reading
- Five stocks we like better than Adlai Nortye
- Constellation Energy’s Google Deal Shows Why Nuclear Uprates Matter for AI
- Lamb Weston’s Turnaround Is Starting to Look Real
- These 3 Stocks Got the Most Love From Analysts in September
- Record French Debt Could Create Opportunities for U.S. Market Operators
Receive News & Ratings for Adlai Nortye Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adlai Nortye and related companies with MarketBeat.com's FREE daily email newsletter.
