NextCure, Inc. (NASDAQ:NXTC – Get Free Report) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 84,100 shares, a decline of 15.0% from the June 30th total of 98,900 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 94,300 shares, the short-interest ratio is presently 0.9 days.
Analyst Ratings Changes
Several equities analysts have issued reports on NXTC shares. HC Wainwright reiterated a “buy” rating and issued a $8.00 target price on shares of NextCure in a research note on Friday, May 31st. Needham & Company LLC reiterated a “buy” rating and issued a $4.00 target price on shares of NextCure in a research note on Friday, May 3rd.
Check Out Our Latest Report on NextCure
Institutional Investors Weigh In On NextCure
NextCure Price Performance
NXTC opened at $1.57 on Tuesday. The business’s 50-day moving average is $1.55 and its two-hundred day moving average is $1.56. NextCure has a 1 year low of $0.98 and a 1 year high of $2.57. The firm has a market capitalization of $43.91 million, a PE ratio of -0.69 and a beta of 0.68.
NextCure (NASDAQ:NXTC – Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.16). As a group, sell-side analysts expect that NextCure will post -1.71 EPS for the current year.
About NextCure
NextCure, Inc, a clinical-stage biopharmaceutical company, engages in discovering and developing novel immunomedicines to treat cancer and other immune-related diseases by restoring normal immune function. The company is developing NC410, an immunomedicine designed to block immune suppression mediated by LAIR-1; NC762, a monoclonal antibody that binds specifically to B7-H4, a protein expressed on multiple tumor types; and NC525, a monoclonal antibody that binds to LAIR-1 to functionally kill AML blast cells and leukemic stem cells while preserving normal blood cells, including hematopoietic stem cells.
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