Neonc Technologies (NASDAQ:NTHI) Stock: Insider Amir Heshmatpour Acquires 10,000 Shares

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) CEO Amir Heshmatpour purchased 10,000 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was purchased at an average price of $3.86 per share, for a total transaction of $38,600.00. Following the completion of the acquisition, the chief executive officer owned 3,263,000 shares of the company’s stock, valued at approximately $12,595,180. This represents a 0.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Neonc Technologies Stock Up 7.2%

Shares of NTHI stock traded up $0.25 on Monday, hitting $3.74. 316,382 shares of the stock were exchanged, compared to its average volume of 115,140. The business has a 50-day moving average of $3.31 and a 200 day moving average of $5.36. Neonc Technologies Holdings, Inc. has a fifty-two week low of $2.50 and a fifty-two week high of $12.00.

Neonc Technologies (NASDAQ:NTHI) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03).

Analysts Set New Price Targets

NTHI has been the topic of a number of recent research reports. BTIG Research reiterated a “buy” rating and issued a $15.00 price objective on shares of Neonc Technologies in a report on Tuesday, September 8th. Weiss Ratings cut shares of Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 21st. Wall Street Zen upgraded shares of Neonc Technologies from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research raised shares of Neonc Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, Roth Capital began coverage on shares of Neonc Technologies in a research note on Thursday, September 24th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in shares of Neonc Technologies during the 2nd quarter worth approximately $1,017,000. BlackRock Inc. bought a new stake in shares of Neonc Technologies during the 2nd quarter worth approximately $815,000. Global Retirement Partners LLC acquired a new stake in shares of Neonc Technologies in the 2nd quarter valued at approximately $126,000. Finally, Westmount Partners LLC boosted its holdings in shares of Neonc Technologies by 355.2% in the 2nd quarter. Westmount Partners LLC now owns 197,178 shares of the company’s stock valued at $893,000 after buying an additional 153,858 shares during the last quarter.

Neonc Technologies Company Profile