Friday Morning Insights: Neuralstem, Inc. (CUR), Micron Technology, Inc. (MU), Real Goods Solar, Inc (RGSE)
Neuralstem, Inc. (NYSEMKT:CUR) shares jumped over 8% in pre market trading to $2.25 after the company presented encouraging clinical data at the International Society for Stem Cell Research (ISSCR) Annual Meeting, showing that the company’s HK532-IGF-1 transplantation can impact learning and memory deficits, as well as Alzheimer’s pathology. The researchers found the results to be encouraging and recommend further study.
Out of the 4 analysts polled by TipRanks, two rate Neuralstem stock a Buy, one rates the stock a Hold and one recommends to Sell. With a return potential of 294%, the stock’s 12-month consensus target price stands at $8.00.
Micron Technology, Inc. (NASDAQ:MU) shares are falling 14.65% in pre market trading to $20,50, after the company reported disappointing fiscal third-quarter earnings results and provided weak guidance. Subsequently, Needham analyst Rajvindra S. Gill noted “While we are disappointed with the guidance and as a consequence expect the shares to sell off, we contend that the August qrt represents the bottom.”
Out of the 26 analysts polled by TipRanks, 19 rate Micron stock a Buy, 3 rate the stock a Hold, while 4 recommend to Sell. With a return potential of 37%, the stock’s 12-month consensus target price stands at $32.98.
Real Goods Solar, Inc. (NASDAQ:RGSE) shares are down 18.35% in pre market trading to $3.56 after the company announced that it has priced a public offering of units consisting of shares of common stock and warrants at $3.65 per Unit, or 16 percent discount to Thursday closing price.
Out of the 3 analysts polled by TipRanks, one rates Real Goods Solar stock a Buy, while 2 rate the stock a Hold.