Zacks: Analysts Expect Bio-Path Holdings, Inc. (BPTH) Will Post Earnings of -$0.02 Per Share
Brokerages expect Bio-Path Holdings, Inc. (NASDAQ:BPTH) to announce earnings of ($0.02) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Bio-Path Holdings’ earnings. Bio-Path Holdings also reported earnings of ($0.02) per share in the same quarter last year. The firm is expected to issue its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Bio-Path Holdings will report full year earnings of ($0.08) per share for the current financial year. For the next fiscal year, analysts forecast that the firm will report earnings of ($0.11) per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Bio-Path Holdings.
Bio-Path Holdings (NASDAQ:BPTH) last posted its earnings results on Thursday, August 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01.
Several equities analysts have weighed in on BPTH shares. HC Wainwright restated a “buy” rating and set a $5.00 target price on shares of Bio-Path Holdings in a report on Tuesday, July 4th. Zacks Investment Research lowered Bio-Path Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.
Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in Bio-Path Holdings during the first quarter worth approximately $105,000. Sabby Management LLC raised its position in Bio-Path Holdings by 3.5% in the first quarter. Sabby Management LLC now owns 687,398 shares of the company’s stock worth $569,000 after buying an additional 23,352 shares during the last quarter. Bank of New York Mellon Corp raised its position in Bio-Path Holdings by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 311,645 shares of the company’s stock worth $257,000 after buying an additional 5,172 shares during the last quarter. HighTower Advisors LLC raised its position in Bio-Path Holdings by 9.1% in the first quarter. HighTower Advisors LLC now owns 1,263,070 shares of the company’s stock worth $1,043,000 after buying an additional 105,000 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Bio-Path Holdings by 5,474.3% in the second quarter. Legal & General Group Plc now owns 1,773,799 shares of the company’s stock worth $681,000 after buying an additional 1,741,978 shares during the last quarter. Institutional investors and hedge funds own 21.38% of the company’s stock.
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Shares of Bio-Path Holdings (BPTH) traded down 1.75% on Wednesday, reaching $0.28. The company had a trading volume of 126,649 shares. The company has a 50-day moving average price of $0.37 and a 200-day moving average price of $0.59. Bio-Path Holdings has a 52-week low of $0.26 and a 52-week high of $1.71. The firm’s market capitalization is $28.02 million.
About Bio-Path Holdings
Bio-Path Holdings, Inc is a clinical and preclinical stage oncology focused antisense drug development company. The Company utilizes a technology that achieves systemic delivery for target specific protein inhibition for any gene product that is over-expressed in disease. Its drug delivery and antisense technology, DNAbilize, is a platform that uses P-ethoxy, a deoxyribonucleic acid backbone modification.
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