Analysts expect ProNAi Therapeutics, Inc. (NASDAQ:SRRA) to announce earnings of ($0.20) per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for ProNAi Therapeutics’ earnings, with the highest EPS estimate coming in at ($0.18) and the lowest estimate coming in at ($0.21). ProNAi Therapeutics posted earnings of ($0.43) per share during the same quarter last year, which would suggest a positive year over year growth rate of 53.5%. The business is expected to issue its next quarterly earnings results on Friday, August 11th.
On average, analysts expect that ProNAi Therapeutics will report full-year earnings of ($0.84) per share for the current year, with EPS estimates ranging from ($0.90) to ($0.80). For the next fiscal year, analysts expect that the firm will report earnings of ($0.76) per share, with EPS estimates ranging from ($0.80) to ($0.68). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for ProNAi Therapeutics.
ProNAi Therapeutics (NASDAQ:SRRA) last released its earnings results on Tuesday, May 9th. The biotechnology company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.07.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded ProNAi Therapeutics from a “hold” rating to a “strong-buy” rating and set a $1.75 price target for the company in a report on Saturday, February 25th. Wedbush restated an “outperform” rating and issued a $4.00 price target on shares of ProNAi Therapeutics in a report on Monday, March 6th. Finally, SunTrust Banks, Inc. upgraded ProNAi Therapeutics from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Friday, March 10th.
Several hedge funds and other institutional investors have recently bought and sold shares of SRRA. VHCP Management II LLC purchased a new position in ProNAi Therapeutics during the first quarter worth about $200,000. FMR LLC purchased a new position in ProNAi Therapeutics during the first quarter worth about $302,000. Greenleaf Trust purchased a new position in ProNAi Therapeutics during the first quarter worth about $328,000. Nexthera Capital LP purchased a new position in ProNAi Therapeutics during the first quarter worth about $612,000. Finally, PNC Financial Services Group Inc. purchased a new position in ProNAi Therapeutics during the first quarter worth about $1,142,000. Institutional investors and hedge funds own 60.29% of the company’s stock.
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ProNAi Therapeutics (NASDAQ:SRRA) traded up 1.75% during trading on Friday, reaching $1.16. The company’s stock had a trading volume of 196,621 shares. ProNAi Therapeutics has a 52 week low of $1.10 and a 52 week high of $2.25. The firm’s market cap is $60.63 million. The stock’s 50 day moving average is $1.23 and its 200-day moving average is $1.40.
ProNAi Therapeutics Company Profile
Sierra Oncology, Inc, formerly ProNAi Therapeutics, Inc, is a clinical-stage drug development company. The Company’s lead drug candidate, SRA737, is orally bioavailable small molecule inhibitor of Checkpoint kinase 1 (Chk1), a key cell cycle checkpoint and central regulator of the deoxyribonucleic acid (DNA) Damage Response (DDR) network.
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