Neonc Technologies (NASDAQ:NTHI) Announces Quarterly Earnings Results

Neonc Technologies (NASDAQ:NTHI) issued 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 Price Performance

Shares of NTHI traded up $0.29 during midday trading on Friday, hitting $3.49. The company had a trading volume of 227,875 shares, compared to its average volume of 114,124. The company’s 50 day moving average price is $3.33 and its 200 day moving average price is $5.38. Neonc Technologies has a 52 week low of $2.50 and a 52 week high of $12.00.

Insider Transactions at Neonc Technologies

In other news, CEO Amir F. Heshmatpour purchased 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average cost of $3.30 per share, for a total transaction of $115,500.00. Following the completion of the purchase, the chief executive officer owned 3,183,000 shares of the company’s stock, valued at approximately $10,503,900. This trade represents a 1.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas C. Chen acquired 12,757 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average cost 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. The trade was a 1,345.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 134,812 shares of company stock worth $530,149.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Roth Capital started coverage on shares of Neonc Technologies in a research report on Thursday, September 24th. They set a “buy” rating on the stock. BTIG Research reiterated a “buy” rating and issued a $15.00 price target on shares of Neonc Technologies in a research note on Tuesday, September 8th. Wall Street Zen raised Neonc Technologies from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded Neonc Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday. Finally, Weiss Ratings lowered Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 21st. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Neonc Technologies has an average rating of “Moderate Buy” and an average price target of $16.00.

Neonc Technologies Company Profile