Neonc Technologies (NASDAQ:NTHI) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Neonc Technologies (NASDAQ:NTHI) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Several other analysts have also issued reports on the company. Zacks Research lowered Neonc Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th. Roth Capital started coverage on Neonc Technologies in a research report on Thursday, September 24th. They set a “buy” rating for the company. BTIG Research restated a “buy” rating and issued a $15.00 target price on shares of Neonc Technologies in a research note on Tuesday, September 8th. Finally, Weiss Ratings lowered Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research 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.com, Neonc Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Neonc Technologies Trading Up 9.1%

NTHI stock opened at $3.49 on Friday. Neonc Technologies has a 12-month low of $2.50 and a 12-month high of $12.00. The company has a 50 day moving average of $3.33 and a two-hundred day moving average of $5.38.

Neonc Technologies (NASDAQ:NTHI) last issued its earnings results on Thursday, November 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03).

Insider Buying and Selling

In other Neonc Technologies news, CEO Thomas Chen bought 12,757 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was 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 approximately $75,240.45. The trade was a 1,345.68% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amir Heshmatpour bought 35,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was acquired at an average cost of $3.30 per share, with a total value of $115,500.00. Following the completion of the transaction, the chief executive officer directly owned 3,183,000 shares of the company’s stock, valued at approximately $10,503,900. This represents a 1.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 134,812 shares of company stock valued at $530,149 over the last quarter.

Hedge Funds Weigh In On Neonc Technologies

Several hedge funds have recently bought and sold shares of NTHI. Global Retirement Partners LLC bought a new position in Neonc Technologies during the second quarter valued at about $126,000. BlackRock Inc. bought a new stake in shares of Neonc Technologies during the 2nd quarter worth about $815,000. Westmount Partners LLC boosted its stake 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 worth $893,000 after acquiring an additional 153,858 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Neonc Technologies during the 2nd quarter worth about $1,017,000.

Neonc Technologies Company Profile