Ready to Jump After Recent Trade: NeuBase Therapeutics Inc. (NBSE)

NeuBase Therapeutics Inc. (NASDAQ: NBSE) stock fell -5.31% on Monday to $0.27 against a previous-day closing price of $0.29. With 0.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.26 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $0.2868 whereas the lowest price it dropped to was $0.2590. The 52-week range on NBSE shows that it touched its highest point at $2.08 and its lowest point at $0.17 during that stretch. It currently has a 1-year price target of $8.50. Beta for the stock currently stands at 1.09.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NBSE was up-trending over the past week, with a rise of 4.39%, but this was up by 42.68% over a month. Three-month performance dropped to -9.55% while six-month performance fell -72.36%. The stock lost -83.49% in the past year, while it has gained 42.38% so far this year. A look at the trailing 12-month EPS for NBSE yields -1.04 with Next year EPS estimates of -0.33. For the next quarter, that number is -0.15. This implies an EPS growth rate of -11.70% for this year and 26.70% for next year. EPS is expected to grow by 4.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 37.20%.

Float and Shares Shorts:

At present, 32.28 million NBSE shares are outstanding with a float of 30.02 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.35 million, which was 1.09% higher than short shares on Sep 14, 2022. In addition to Dr. Dietrich A. Stephan Ph.D. as the firm’s Founder, CEO & Director, Dr. William Roland Mann MBA, Ph.D. serves as its Pres & COO.


Institutional Ownership:

Through their ownership of 39.66% of NBSE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.80% of NBSE, in contrast to 4.88% held by mutual funds. Shares owned by individuals account for 28.46%. As the largest shareholder in NBSE with 8.26% of the stake, Greenlight Capital, Inc. holds 2,727,027 shares worth 2,727,027. A second-largest stockholder of NBSE, Point72 Asset Management LP, holds 1,250,000 shares, controlling over 3.79% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in NBSE, holding 1,045,124 shares or 3.17% stake. With a 1.65% stake in NBSE, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 543,821 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.10% of NBSE stock, is the second-largest Mutual Fund holder. It holds 362,828 shares valued at 68937.0. Jacob Discovery Fund holds 0.95% of the stake in NBSE, owning 313,100 shares worth 59489.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NBSE since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NBSE analysts setting a high price target of $10.00 and a low target of $10.00, the average target price over the next 12 months is $10.00. Based on these targets, NBSE could surge 3603.7% to reach the target high and rise by 3603.7% to reach the target low. Reaching the average price target will result in a growth of 3603.7% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NBSE will report FY 2023 earnings on 12/20/2023. Analysts have provided yearly estimates in a range of -$0.32 being high and -$0.58 being low. For NBSE, this leads to a yearly average estimate of -$0.45. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. NeuBase Therapeutics Inc. surprised analysts by $0.04 when it reported -$0.24 EPS against a consensus estimate of -$0.28. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.20. The average estimate for the next quarter is thus -$0.15.

Summary of Insider Activity:

Insiders traded NBSE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 790,080 while 0 shares were sold.

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