Onconova Therapeutics Inc. (ONTX) Given $6.00 Consensus Price Target by Brokerages
Shares of Onconova Therapeutics Inc. (NASDAQ:ONTX) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus target price of $6.00 for the company, according to Zacks. Zacks has also given Onconova Therapeutics an industry rank of 108 out of 265 based on the ratings given to related companies.
Separately, Maxim Group restated a “buy” rating and issued a $6.00 price target on shares of Onconova Therapeutics in a research report on Monday, September 26th.
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An institutional investor recently raised its position in Onconova Therapeutics stock. Renaissance Technologies LLC boosted its position in shares of Onconova Therapeutics Inc. (NASDAQ:ONTX) by 86.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 280,704 shares of the biopharmaceutical company’s stock after buying an additional 130,404 shares during the period. Renaissance Technologies LLC owned about 1.13% of Onconova Therapeutics worth $163,000 at the end of the most recent reporting period. 2.36% of the stock is owned by institutional investors and hedge funds.
Shares of Onconova Therapeutics (NASDAQ:ONTX) traded up 0.7396% on Tuesday, reaching $2.6696. 14,801 shares of the company were exchanged. Onconova Therapeutics has a 52 week low of $2.50 and a 52 week high of $18.90. The company’s market capitalization is $16.93 million. The company’s 50-day moving average is $2.88 and its 200-day moving average is $4.19.
Onconova Therapeutics (NASDAQ:ONTX) last announced its quarterly earnings results on Monday, August 15th. The biopharmaceutical company reported ($1.96) earnings per share for the quarter. Onconova Therapeutics had a negative return on equity of 256.32% and a negative net margin of 102.42%. The business earned $2.25 million during the quarter. On average, equities analysts expect that Onconova Therapeutics will post ($2.15) EPS for the current fiscal year.
Onconova Therapeutics Company Profile
Onconova Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company operates through the identification and development of oncology therapeutics segment. It is focused on discovering and developing small molecule drug candidates to treat cancer. The Company has created a targeted anti-cancer agents designed to work against specific cellular pathways that are important to cancer cells.
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