Alpha Tau Medical Ltd. (NASDAQ:DRTS – Get Free Report) CFO Raphi Levy sold 32,500 shares of Alpha Tau Medical stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $10.83, for a total transaction of $351,975.00. Following the transaction, the chief financial officer directly owned 147,680 shares in the company, valued at $1,599,374.40. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Alpha Tau Medical Price Performance
Shares of Alpha Tau Medical stock traded down $0.32 during trading hours on Thursday, hitting $10.26. The company’s stock had a trading volume of 1,152,083 shares, compared to its average volume of 537,906. The company has a market cap of $926.79 million, a PE ratio of -15.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.79 and a current ratio of 7.79. The business has a 50 day moving average price of $8.48 and a two-hundred day moving average price of $6.92. Alpha Tau Medical Ltd. has a 12-month low of $2.81 and a 12-month high of $11.62.
Alpha Tau Medical (NASDAQ:DRTS – Get Free Report) last issued its earnings results on Monday, May 18th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.13). Analysts expect that Alpha Tau Medical Ltd. will post -0.6 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Alpha Tau Medical
Analyst Upgrades and Downgrades
DRTS has been the subject of several research reports. HC Wainwright reissued a “buy” rating and set a $15.00 price objective on shares of Alpha Tau Medical in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha Tau Medical in a research report on Monday, April 20th. LADENBURG THALM/SH SH increased their price target on Alpha Tau Medical from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Piper Sandler lifted their price objective on Alpha Tau Medical from $5.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 19th. Finally, Citigroup upped their price objective on Alpha Tau Medical from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.60.
Check Out Our Latest Report on DRTS
About Alpha Tau Medical
Alpha Tau Medical Ltd. is a medical technology company headquartered in Ness Ziona, Israel, focused on developing targeted alpha-radiation therapies for the treatment of solid tumors. The company’s core innovation, known as Diffusing Alpha-emitters Radiation Therapy (DaRT), employs short-lived radioactive isotopes to deliver high-energy alpha particles directly within or adjacent to tumor tissues. By harnessing the potent cytotoxic effects of alpha radiation, Alpha Tau Medical aims to offer a novel approach to brachytherapy that can potentially overcome radioresistance and spare surrounding healthy tissue.
The company’s lead product, Alpha DaRT, is currently being evaluated in clinical studies for a range of indications including recurrent or metastatic head and neck cancers, skin cancers, and other solid tumors.
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