Maxim Group analyst Jason McCarthy maintained a Buy rating on Onconova Therapeutics (ONTX) on July 18 and set a price target of $8. The company’s shares closed on Friday at $2.30, close to its 52-week low of $1.69.
According to TipRanks.com, McCarthy ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -20.5% and a 24.4% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Teva Pharmaceutical Industries Limited, Aridis Pharmaceuticals Inc, and Achieve Life Sciences Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Onconova Therapeutics with a $16.50 average price target.
See today’s analyst top recommended stocks >>
Based on Onconova Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $7.6 million. In comparison, last year the company had a GAAP net loss of $4.48 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Onconova Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the identification and development of oncology therapeutics. It focuses on discovering and developing small molecule drug candidates to treat cancer.
