Insider Buying: Neonc Technologies (NASDAQ:NTHI) CEO Acquires $38,600.00 in Stock

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) CEO Amir Heshmatpour purchased 10,000 shares of the business’s stock in a transaction on Monday, November 9th. The stock was purchased at an average price of $3.86 per share, with a total value of $38,600.00. Following the purchase, the chief executive officer owned 3,263,000 shares of the company’s stock, valued at approximately $12,595,180. The trade was a 0.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Neonc Technologies Stock Performance

Shares of NTHI traded up $0.25 during midday trading on Monday, reaching $3.74. The stock had a trading volume of 316,382 shares, compared to its average volume of 115,140. The firm has a 50 day simple moving average of $3.31 and a 200-day simple moving average of $5.36. Neonc Technologies Holdings, Inc. has a one year low of $2.50 and a one year high of $12.00.

Neonc Technologies (NASDAQ:NTHI) last issued its earnings results 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).

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Neonc Technologies

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

About Neonc Technologies