Alcobra Ltd. (NASDAQ:ADHD) Releases Earnings Results, Beats Expectations By $0.02 EPS
Alcobra Ltd. (NASDAQ:ADHD) issued its earnings results on Friday. The biotechnology company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02, MarketWatch Earnings reports.
Alcobra (ADHD) traded up 0.97% on Friday, reaching $1.04. 32,002 shares of the company’s stock traded hands. The stock’s market cap is $28.66 million. The stock has a 50 day moving average price of $1.11 and a 200 day moving average price of $1.16. Alcobra has a 12-month low of $0.83 and a 12-month high of $5.36.
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A number of research analysts have recently commented on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $1.25 price target on shares of Alcobra in a research note on Monday, June 12th. ValuEngine downgraded shares of Alcobra from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Alcobra from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research note on Friday, June 2nd. Finally, Roth Capital set a $4.00 price objective on shares of Alcobra and gave the company a “buy” rating in a research note on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Alcobra has a consensus rating of “Hold” and an average target price of $1.93.
Alcobra Company Profile
Alcobra Ltd is an Israel-based Biopharmaceutical company. It focuses on the development and commercialization of a proprietary drug, MG01CI, to treat Attention Deficit Hyperactivity Disorder (ADHD), a common and morbid neuropsychiatric condition in children and adults. Adult ADHD is associated with increased health risks and healthcare costs, higher divorce rates, lower levels of socioeconomic attainment, lower academic achievement, unemployment and work place deficits, increased risks for motor vehicle accidents, greater likelihood of additional psychiatric disorders, increased criminal activity and incarceration, and higher rates of substance use and abuse.
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