Equities research analysts predict that Bio-Path Holdings, Inc. (NASDAQ:BPTH) will announce earnings of ($0.02) per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Bio-Path Holdings’ earnings. Bio-Path Holdings also posted earnings per share of ($0.02) during the same quarter last year. The business is expected to report its next quarterly earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Bio-Path Holdings will report full year earnings of ($0.08) per share for the current fiscal year. For the next financial year, analysts expect that the company will report earnings of ($0.11) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Bio-Path Holdings.
Bio-Path Holdings (NASDAQ:BPTH) last announced its earnings results on Thursday, August 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01).
Several research firms have recently weighed in on BPTH. ValuEngine downgraded Bio-Path Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. HC Wainwright set a $5.00 price target on Bio-Path Holdings and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research downgraded Bio-Path Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.
Several hedge funds have recently bought and sold shares of the company. Sabby Management LLC grew its stake in shares of Bio-Path Holdings by 73.2% during the 2nd quarter. Sabby Management LLC now owns 1,190,886 shares of the company’s stock worth $462,000 after acquiring an additional 503,488 shares during the period. HighTower Advisors LLC grew its stake in shares of Bio-Path Holdings by 0.3% during the 2nd quarter. HighTower Advisors LLC now owns 1,267,070 shares of the company’s stock worth $492,000 after acquiring an additional 4,000 shares during the period. Legal & General Group Plc grew its stake in shares of Bio-Path Holdings by 5,474.3% during the 2nd quarter. Legal & General Group Plc now owns 1,773,799 shares of the company’s stock worth $681,000 after acquiring an additional 1,741,978 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of Bio-Path Holdings during the 1st quarter worth $105,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Bio-Path Holdings by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 311,645 shares of the company’s stock worth $257,000 after acquiring an additional 5,172 shares during the period. Institutional investors own 15.16% of the company’s stock.
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Shares of Bio-Path Holdings (BPTH) traded down 12.4602% during midday trading on Wednesday, hitting $0.4946. 1,053,643 shares of the stock were exchanged. The firm’s market capitalization is $49.49 million. The stock’s 50-day moving average price is $0.34 and its 200-day moving average price is $0.45. Bio-Path Holdings has a 1-year low of $0.25 and a 1-year high of $1.50.
Bio-Path Holdings Company Profile
Bio-Path Holdings, Inc is a clinical and preclinical stage oncology focused antisense drug development company. The Company utilizes a technology that achieves systemic delivery for target specific protein inhibition for any gene product that is over-expressed in disease. Its drug delivery and antisense technology, DNAbilize, is a platform that uses P-ethoxy, a deoxyribonucleic acid backbone modification.
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