Onconova Therapeutics Hits New 12-Month Low at $4.72 (ONTX)
Shares of Onconova Therapeutics (NASDAQ:ONTX) reached a new 52-week low during mid-day trading on Monday , Analyst Ratings.Net reports. The company traded as low as $4.72 and last traded at $4.95, with a volume of 54,521 shares traded. The stock had previously closed at $5.00.
ONTX has been the subject of a number of recent research reports. Analysts at Leerink Swann cut their price target on shares of Onconova Therapeutics from $37.00 to $14.00 in a research note on Thursday, February 20th. Separately, analysts at Janney Montgomery Scott downgraded shares of Onconova Therapeutics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 20th. They now have a $10.00 price target on the stock, down previously from $40.00. Finally, analysts at Piper Jaffray downgraded shares of Onconova Therapeutics from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 20th. They now have a $9.00 price target on the stock, down previously from $38.00.
The stock’s 50-day moving average is $5.69 and its 200-day moving average is $10.5. The company’s market cap is $104.8 million.
Onconova Therapeutics (NASDAQ:ONTX) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.87) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.78) by $0.09. On average, analysts predict that Onconova Therapeutics will post $-2.49 earnings per share for the current fiscal year.
Onconova Therapeutics, Inc (NASDAQ:ONTX) is a clinical-stage biopharmaceutical company focused on discovering and developing small molecule drug candidates to treat cancer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.