Shares of Alpha Tau Medical Ltd. (NASDAQ:DRTS – Get Free Report) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $15.40.
Several research firms have issued reports on DRTS. HC Wainwright boosted their price objective on shares of Alpha Tau Medical from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Barclays increased their price objective on shares of Alpha Tau Medical from $17.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Benchmark reissued a “buy” rating on shares of Alpha Tau Medical in a research note on Thursday, July 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha Tau Medical in a research note on Friday, July 17th. Finally, Zacks Research lowered shares of Alpha Tau Medical from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 1st.
Read Our Latest Stock Report on Alpha Tau Medical
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of DRTS. Everhart Financial Group Inc. acquired a new position in shares of Alpha Tau Medical during the second quarter worth about $126,000. Renaissance Technologies LLC purchased a new stake in shares of Alpha Tau Medical in the first quarter worth about $286,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Alpha Tau Medical in the first quarter valued at about $132,000. Institutional investors and hedge funds own 2.65% of the company’s stock.
Alpha Tau Medical Stock Down 1.7%
Shares of NASDAQ:DRTS opened at $13.50 on Thursday. The stock has a 50-day simple moving average of $14.50 and a 200-day simple moving average of $11.60. The stock has a market capitalization of $1.22 billion, a P/E ratio of -12.98 and a beta of 1.22. Alpha Tau Medical has a 1 year low of $3.43 and a 1 year high of $15.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.79 and a current ratio of 11.09.
Alpha Tau Medical (NASDAQ:DRTS – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.36). Equities analysts forecast that Alpha Tau Medical will post -1.05 earnings per share for the current year.
About Alpha Tau Medical
Alpha Tau Medical Ltd. is an Israel-based medical technology company focused on developing localized radiation treatments for solid tumors. Its lead technology, Alpha DaRT (Diffusing Alpha-emitters Radiation Therapy), is designed to deliver high-energy alpha radiation directly within a tumor while limiting exposure to surrounding healthy tissue.
Alpha DaRT uses implanted radium-224 sources that generate short-lived alpha-emitting atoms. These atoms diffuse through the treated tumor and can damage cancer cells over a localized area.
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