Analysts expect MediciNova, Inc. (NASDAQ:MNOV) to post earnings per share of ($0.09) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for MediciNova’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.09). MediciNova reported earnings per share of ($0.10) during the same quarter last year, which would indicate a positive year over year growth rate of 10%. The company is expected to announce its next earnings report on Tuesday, July 27th.
According to Zacks, analysts expect that MediciNova will report full-year earnings of ($0.31) per share for the current financial year, with EPS estimates ranging from ($0.34) to ($0.27). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.41) to $0.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover MediciNova.
MediciNova stock traded down $0.06 during midday trading on Thursday, reaching $3.92. 2,974 shares of the stock traded hands, compared to its average volume of 756,124. The stock has a fifty day moving average price of $4.05. The firm has a market cap of $191.18 million, a price-to-earnings ratio of -15.56 and a beta of 1.40. MediciNova has a fifty-two week low of $3.48 and a fifty-two week high of $13.25.
MediciNova, Inc, a biopharmaceutical company, focuses on developing novel and small molecule therapeutics for the treatment of serious diseases with unmet medical needs in the United States. The company is developing MN-166 (ibudilast), an oral anti-inflammatory and neuroprotective agent for treating neurological disorders, such as primary and secondary progressive multiple sclerosis, amyotrophic lateral sclerosis, chemotherapy-induced peripheral neuropathy, degenerative cervical myelopathy, glioblastoma, and substance dependence and addiction.
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