NuCana (NASDAQ:NCNA) Price Target Lowered to $9.00 at HC Wainwright

NuCana (NASDAQ:NCNA) had its price objective lowered by HC Wainwright from $10.00 to $9.00 in a research report released on Wednesday, PriceTargets.com reports. The brokerage currently has a buy rating on the stock.

Separately, Zacks Investment Research lowered NuCana from a hold rating to a sell rating in a report on Wednesday.

Shares of NASDAQ NCNA opened at $2.84 on Wednesday. The firm has a market cap of $148.14 million, a price-to-earnings ratio of -2.51 and a beta of 0.72. The firm’s 50-day moving average is $2.51. NuCana has a 52 week low of $1.88 and a 52 week high of $7.83.

NuCana (NASDAQ:NCNA) last released its earnings results on Wednesday, November 17th. The company reported ($15.00) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($18.50) by $3.50. On average, sell-side analysts forecast that NuCana will post -0.97 EPS for the current year.

Several hedge funds have recently made changes to their positions in NCNA. Geode Capital Management LLC bought a new stake in shares of NuCana in the 1st quarter worth approximately $72,000. HRT Financial LP bought a new stake in shares of NuCana in the 1st quarter worth approximately $109,000. Traynor Capital Management Inc. bought a new stake in shares of NuCana in the 2nd quarter worth approximately $30,000. Monashee Investment Management LLC bought a new stake in shares of NuCana in the 2nd quarter worth approximately $554,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of NuCana in the 2nd quarter worth approximately $59,000. Institutional investors own 40.67% of the company’s stock.

About NuCana

NuCana Plc engages in the development of technology platform for the treatment of patients with cancer. Its Protide technology consists of acelarin, NUC-3373 and NUC-7738. The company was founded by Hugh Stephen Griffith and Christopher Barry Wood on January 28, 1997 and is headquartered in Edinburgh, the United Kingdom.

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