Tyme Technologies Inc (TYME) Expected to Post Earnings of -$0.06 Per Share

Wall Street analysts expect Tyme Technologies Inc (NASDAQ:TYME) to post earnings of ($0.06) per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Tyme Technologies’ earnings. Tyme Technologies reported earnings of ($0.04) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The business is expected to issue its next quarterly earnings results on Tuesday, February 13th.

On average, analysts expect that Tyme Technologies will report full-year earnings of ($0.23) per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of ($0.39) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Tyme Technologies.

Several research firms have weighed in on TYME. HC Wainwright reaffirmed a “buy” rating and issued a $9.50 target price (up from $8.00) on shares of Tyme Technologies in a research report on Thursday. BidaskClub downgraded Tyme Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 3rd. Canaccord Genuity assumed coverage on Tyme Technologies in a research report on Wednesday, January 3rd. They set a “buy” rating for the company. Finally, Evercore ISI assumed coverage on Tyme Technologies in a research report on Friday, November 17th. They set an “outperform” rating and a $7.00 price objective for the company.

In other news, COO Michael Demurjian sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $3.34, for a total transaction of $167,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional investors have recently made changes to their positions in the company. Monashee Investment Management LLC acquired a new position in shares of Tyme Technologies during the fourth quarter worth about $128,000. Wells Fargo & Company MN grew its position in shares of Tyme Technologies by 923.9% during the fourth quarter. Wells Fargo & Company MN now owns 29,180 shares of the company’s stock worth $186,000 after buying an additional 26,330 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC acquired a new position in shares of Tyme Technologies during the fourth quarter worth about $198,000. 2.45% of the stock is owned by institutional investors and hedge funds.

Tyme Technologies (NASDAQ TYME) traded down $0.10 during midday trading on Friday, reaching $3.99. The company’s stock had a trading volume of 88,321 shares, compared to its average volume of 188,424. The firm has a market cap of $362.70, a P/E ratio of -23.47 and a beta of -0.59. Tyme Technologies has a 52 week low of $2.14 and a 52 week high of $9.50.

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Tyme Technologies Company Profile

Tyme Technologies, Inc is a clinical-stage biotechnology company. The Company is focused on developing cancer therapeutics that is intended to be broadly effective across tumor types and have low toxicity profiles. The Company’s therapeutic approach is designed to take advantage of a cancer cell’s innate metabolic weaknesses to compromise its defenses, leading to cell death through oxidative stress and exposure to the body’s natural immune system.

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