BeyondSpring (BYSI) Given a $52.00 Price Target at Maxim Group

Maxim Group set a $52.00 target price on BeyondSpring (NASDAQ:BYSI) in a report published on Tuesday. The brokerage currently has a buy rating on the stock.

“BeyondSpring reported 4Q17 with a net loss of $16.5M and ended the period with $30.6M in cash. Operating expenses for the year were $98M but included $42.3M for the remaining interest in Plinabulin and $18M in stock-based compensation. We estimate the company has runway into late 2018 and through the next catalysts.”,” Maxim Group’s analyst wrote.

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A number of other brokerages have also issued reports on BYSI. Seaport Global Securities began coverage on BeyondSpring in a research note on Tuesday, December 5th. They issued a buy rating and a $56.00 price target on the stock. HC Wainwright set a $60.00 price target on BeyondSpring and gave the stock a buy rating in a research note on Monday, December 4th. Finally, Zacks Investment Research raised BeyondSpring from a sell rating to a hold rating in a research note on Tuesday, January 9th. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus price target of $49.60.

Shares of NASDAQ:BYSI opened at $27.00 on Tuesday. BeyondSpring has a 12-month low of $19.55 and a 12-month high of $48.49. The stock has a market capitalization of $601.15 and a price-to-earnings ratio of -6.14.

BeyondSpring (NASDAQ:BYSI) last issued its quarterly earnings results on Tuesday, April 3rd. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.06). equities analysts predict that BeyondSpring will post -2.91 earnings per share for the current year.

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BeyondSpring Company Profile

BeyondSpring Inc, a clinical stage biopharmaceutical company, focuses on the development of cancer therapies. The company is advancing its lead asset, Plinabulin, into a Phase 2/3 clinical trial for the reduction of docetaxel chemotherapy-induced severe, grade 4 neutropenia; a Phase 2/3 clinical trial for the prevention of non-docetaxel chemotherapy-induced severe, grade 4 neutropenia; a Phase 3 clinical trial as an anticancer agent in combination with docetaxel in advanced NSCLC; and Phase 1/2 clinical trials with the immuno-oncology agent nivolumab.

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