Key Points
- CEO Amir Heshmatpour bought 40,000 shares for $135,600 at an average price of $3.39, increasing his stake by 1.24% to 3.253 million shares.
- Neonc reported a quarterly loss of $0.28 per share, missing analyst expectations of a $0.25 loss.
- Analyst opinions were mixed, but MarketBeat reported a consensus “Moderate Buy” rating and an average price target of $16.00.
Neonc Technologies Holdings, Inc. (NASDAQ:NTHI - Get Free Report) CEO Amir Heshmatpour purchased 40,000 shares of the business's stock in a transaction dated Friday, November 6th. The shares were purchased at an average price of $3.39 per share, for a total transaction of $135,600.00. Following the acquisition, the chief executive officer owned 3,253,000 shares of the company's stock, valued at approximately $11,027,670. The trade was a 1.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Neonc Technologies Price Performance
Shares of NTHI opened at $3.74 on Tuesday. The firm has a 50 day moving average of $3.31 and a 200 day moving average of $5.36. Neonc Technologies Holdings, Inc. has a twelve month low of $2.50 and a twelve month 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 (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03).
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Weiss Ratings downgraded Neonc Technologies from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, October 21st. BTIG Research reaffirmed a "buy" rating and set a $15.00 price objective on shares of Neonc Technologies in a research report on Tuesday, September 8th. Roth Capital assumed coverage on Neonc Technologies in a report on Thursday, September 24th. They issued a "buy" rating for the company. Wall Street Zen raised Neonc Technologies from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Zacks Research upgraded shares of Neonc Technologies from a "strong sell" rating to a "hold" rating in a research note on Thursday, November 5th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.00.
Get Our Latest Stock Report on Neonc Technologies
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of NTHI. Bank of America Corp DE boosted its stake 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 worth $1,650,000 after acquiring an additional 11,108 shares during the last quarter. Westmount Partners LLC grew its position in shares of Neonc Technologies by 355.2% during the 2nd quarter. Westmount Partners LLC now owns 197,178 shares of the company's stock valued at $893,000 after acquiring an additional 153,858 shares during the period. BlackRock Inc. purchased a new stake in shares of Neonc Technologies in the 2nd quarter worth $815,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Neonc Technologies in the 2nd quarter worth $126,000.
Neonc Technologies Company Profile
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