Neonc Technologies (NASDAQ:NTHI) Releases Earnings Results, Misses Estimates By $0.03 EPS

Neonc Technologies (NASDAQ:NTHI) announced its quarterly earnings data on Thursday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03), FiscalAI reports.

Neonc Technologies Trading Up 9.1%

Shares of NTHI stock traded up $0.29 on Friday, reaching $3.49. 227,875 shares of the stock were exchanged, compared to its average volume of 114,124. The firm has a 50 day moving average of $3.33 and a two-hundred day moving average of $5.38. Neonc Technologies has a 1-year low of $2.50 and a 1-year high of $12.00.

Insiders Place Their Bets

In related news, CEO Thomas C. Chen acquired 12,757 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $5.49 per share, with a total value of $70,035.93. Following the completion of the transaction, the chief executive officer directly owned 13,705 shares of the company’s stock, valued at $75,240.45. This trade represents a 1,345.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amir F. Heshmatpour acquired 37,000 shares of the business’s stock in a transaction on Friday, September 11th. The stock was bought at an average cost of $3.67 per share, for a total transaction of $135,790.00. Following the completion of the transaction, the chief executive officer directly owned 3,133,000 shares of the company’s stock, valued at $11,498,110. This trade represents a 1.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 134,812 shares of company stock worth $530,149.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded Neonc Technologies from a “sell” rating to a “hold” rating in a report on Saturday. Roth Capital started coverage on Neonc Technologies in a research note on Thursday, September 24th. They issued a “buy” rating for the company. Zacks Research upgraded Neonc Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday. BTIG Research reissued a “buy” rating and issued a $15.00 price target on shares of Neonc Technologies in a research note on Tuesday, September 8th. Finally, Weiss Ratings cut Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 21st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.00.

About Neonc Technologies