NeuroSense Therapeutics (NASDAQ:NRSN) Cut to Hold at HC Wainwright

HC Wainwright lowered shares of NeuroSense Therapeutics (NASDAQ:NRSN – Free Report) from a buy rating to a hold rating in a research report released on Monday, MarketBeat reports.

NRSN has been the topic of a number of other reports. Weiss Ratings restated a “sell (e+)” rating on shares of NeuroSense Therapeutics in a research note on Wednesday, October 28th. Roth Capital lowered shares of NeuroSense Therapeutics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NeuroSense Therapeutics presently has a consensus rating of “Hold” and a consensus price target of $170.00.

Read Our Latest Research Report on NRSN

NeuroSense Therapeutics Price Performance

NASDAQ NRSN opened at $1.42 on Monday. The company has a fifty day moving average price of $5.07 and a 200-day moving average price of $12.61. NeuroSense Therapeutics has a 1 year low of $1.10 and a 1 year high of $25.40. The firm has a market cap of $2.70 million, a price-to-earnings ratio of -0.13 and a beta of 1.74.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in NeuroSense Therapeutics stock. Yorkville Advisors Global LP acquired a new stake in NeuroSense Therapeutics Ltd. (NASDAQ:NRSN – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 78,000 shares of the company’s stock, valued at approximately $56,160. Yorkville Advisors Global LP owned 0.21% of NeuroSense Therapeutics at the end of the most recent quarter. 1.04% of the stock is owned by institutional investors and hedge funds.

NeuroSense Therapeutics Company Profile

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NeuroSense Therapeutics Ltd. is an Israel-based clinical-stage biotechnology company focused on developing treatments for neurodegenerative diseases. The company’s research is aimed at addressing multiple biological mechanisms associated with conditions such as amyotrophic lateral sclerosis (ALS), Alzheimer’s disease and Parkinson’s disease.

Its lead investigational product, PrimeC, is a proprietary oral combination formulation of ciprofloxacin and celecoxib designed to target pathways implicated in ALS, including neuroinflammation and RNA regulation.

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