Nanobiotix (NASDAQ:NBTX – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.08, FiscalAI reports. The firm had revenue of $3.17 million during the quarter, compared to the consensus estimate of $1.73 million.
Nanobiotix Stock Performance
Shares of Nanobiotix stock traded down $1.78 during trading on Thursday, hitting $33.46. The company’s stock had a trading volume of 203,061 shares, compared to its average volume of 88,895. The stock has a 50-day moving average price of $38.90 and a two-hundred day moving average price of $37.40. Nanobiotix has a 52 week low of $14.46 and a 52 week high of $57.14.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on NBTX. Leerink Partners upped their price objective on shares of Nanobiotix from $37.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Guggenheim began coverage on shares of Nanobiotix in a research note on Tuesday, September 15th. They issued a “buy” rating and a $64.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Nanobiotix in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.67.
About Nanobiotix
Nanobiotix is a clinical-stage biotechnology company focused on developing nanomedicine-based therapies for cancer. The company’s technology is designed to improve the effectiveness of radiotherapy by using nanoparticles that interact with radiation inside tumors, with the goal of enhancing tumor-cell destruction while limiting damage to surrounding healthy tissue.
Its lead product candidate, NBTXR3, is an investigational radioenhancer consisting of functionalized hafnium oxide nanoparticles.
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