After Chardan Capital and Oppenheimer gave NeuBase Therapeutics (NASDAQ: NBSE) a Buy rating last month, the company received another Buy, this time from H.C. Wainwright. Analyst Ram Selvaraju reiterated a Buy rating on NeuBase Therapeutics today and set a price target of $15.00. The company’s shares closed last Monday at $7.94.
According to TipRanks.com, Selvaraju is a top 100 analyst with an average return of 30.2% and a 57.2% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Black Diamond Therapeutics, Biospecifics Technologies, and Springworks Therapeutics.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for NeuBase Therapeutics with a $16.67 average price target, implying a 108.6% upside from current levels. In a report issued on May 15, Chardan Capital also reiterated a Buy rating on the stock with a $18.00 price target.
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Based on NeuBase Therapeutics’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $4.51 million. In comparison, last year the company had a GAAP net loss of $2.03 million.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NBSE in relation to earlier this year.
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NeuBase Therapeutics, Inc. engages in the development of drugs for patients with genetic neurological disorder. Its pipelines include Huntington’s Disease, NT0100 Program – PATrOL Enabled gamma-PNA for Huntington’s Disease, and NT0200 Program- PATrOL Enabled gamma-PNA for Myotonic Dystophy. The company was founded by Dietrich A. Stephan on August 28, 2018 and is headquartered in Pittsburgh, PA.
