Aadi Bioscience (NASDAQ:AADI – Get Rating) released its earnings results on Thursday. The company reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.02, MarketWatch Earnings reports. During the same quarter last year, the firm posted ($0.90) EPS.
Shares of Aadi Bioscience stock traded up $1.37 during trading on Friday, hitting $14.02. The stock had a trading volume of 134,672 shares, compared to its average volume of 102,946. The stock has a 50 day simple moving average of $16.63 and a 200 day simple moving average of $20.15. Aadi Bioscience has a 1 year low of $11.00 and a 1 year high of $49.80.
In other Aadi Bioscience news, insider Neil Desai sold 3,550 shares of the company’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $20.07, for a total transaction of $71,248.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.10% of the company’s stock.
Several equities analysts have commented on AADI shares. HC Wainwright lowered their target price on shares of Aadi Bioscience from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 11th. Piper Sandler lowered their price objective on shares of Aadi Bioscience from $50.00 to $30.00 in a research note on Thursday. Finally, Zacks Investment Research cut shares of Aadi Bioscience from a “buy” rating to a “hold” rating in a research note on Tuesday, January 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $40.20.
About Aadi Bioscience (Get Rating)
Aadi Bioscience, Inc, a clinical-stage biopharmaceutical company, engages in developing and commercializing precision therapies for genetically defined cancers with alterations in mTOR pathway genes. Its lead drug candidate, FYARRO is a form of sirolimus bound to albumin. Aadi is evaluating FYARRO in cancers with known mTOR pathway activation, including tumor agnostic indications targeting specific genomic alterations that activate the mTOR pathway.
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