Wall Street Zen upgraded shares of Neonc Technologies (NASDAQ:NTHI – Free Report) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.
A number of other analysts have also recently issued reports on NTHI. Roth Capital began coverage on Neonc Technologies in a research report on Thursday, September 24th. They issued a “buy” rating for the company. BTIG Research restated a “buy” rating and set a $15.00 price objective on shares of Neonc Technologies in a research report on Tuesday, September 8th. Weiss Ratings downgraded Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. Finally, Zacks Research lowered Neonc Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Neonc Technologies currently has an average rating of “Moderate Buy” and an average target price of $16.00.
Neonc Technologies Trading Up 7.2%
Shares of NTHI stock opened at $3.74 on Friday. The company has a fifty day moving average price of $3.31 and a two-hundred day moving average price of $5.36. Neonc Technologies has a one year low of $2.50 and a one year high of $12.00.
Neonc Technologies (NASDAQ:NTHI – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.03).
Insider Activity at Neonc Technologies
In other Neonc Technologies news, CEO Amir Heshmatpour purchased 40,000 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was bought at an average cost of $3.39 per share, for a total transaction of $135,600.00. Following the completion of the transaction, the chief executive officer owned 3,253,000 shares in the company, valued at approximately $11,027,670. This represents a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas Chen purchased 12,757 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average price of $5.49 per share, with a total value of $70,035.93. Following the completion of the transaction, the chief executive officer owned 13,705 shares of the company’s stock, valued at $75,240.45. This represents a 1,345.68% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 214,812 shares of company stock worth $799,449 over the last ninety days.
Hedge Funds Weigh In On Neonc Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of Neonc Technologies by 5.0% during the 1st quarter. Bank of America Corp DE now owns 235,396 shares of the company’s stock valued at $1,650,000 after acquiring an additional 11,108 shares during the period. Westmount Partners LLC increased its position in shares of Neonc Technologies by 355.2% in the second quarter. Westmount Partners LLC now owns 197,178 shares of the company’s stock worth $893,000 after purchasing an additional 153,858 shares during the period. BlackRock Inc. bought a new position in shares of Neonc Technologies in the second quarter worth $815,000. Finally, Global Retirement Partners LLC acquired a new position in Neonc Technologies in the second quarter valued at about $126,000.
About Neonc Technologies
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