Neonc Technologies (NASDAQ:NTHI) Announces Earnings Results, Misses Expectations By $0.03 EPS

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

Neonc Technologies Stock Performance

Neonc Technologies stock traded up $0.29 during trading hours on Friday, reaching $3.49. 227,875 shares of the company’s stock were exchanged, compared to its average volume of 114,124. The firm’s 50 day simple moving average is $3.33 and its 200 day simple moving average is $5.38. Neonc Technologies has a twelve month low of $2.50 and a twelve month high of $12.00.

Insider Transactions at Neonc Technologies

In other Neonc Technologies news, CEO Amir F. Heshmatpour bought 37,000 shares of the stock in a transaction on Friday, September 11th. The stock was acquired at an average cost of $3.67 per share, for a total transaction of $135,790.00. Following the completion of the acquisition, the chief executive officer owned 3,133,000 shares in the company, valued at $11,498,110. This trade represents a 1.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas C. Chen bought 12,757 shares of the stock in a transaction on 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 acquisition, 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 bought a total of 134,812 shares of company stock worth $530,149 over the last three months.

Analysts Set New Price Targets

Several brokerages have commented on NTHI. BTIG Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Neonc Technologies in a report on Tuesday, September 8th. Wall Street Zen raised Neonc Technologies from a “sell” rating to a “hold” rating in a research note on Saturday. Roth Capital initiated coverage on Neonc Technologies in a report on Thursday, September 24th. They issued a “buy” rating on the stock. Zacks Research raised shares of Neonc Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, Weiss Ratings lowered shares of 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Neonc Technologies currently has an average rating of “Moderate Buy” and an average target price of $16.00.

About Neonc Technologies