CytoDyn Inc (CYDY) Posts Earnings Results, Misses Expectations By $0.03 EPS

CytoDyn Inc (NASDAQ:CYDY) posted its earnings results on Tuesday. The biotechnology company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03), Bloomberg Earnings reports.

Shares of CytoDyn (NASDAQ CYDY) opened at 0.673 on Wednesday. The firm’s market cap is $102.81 million. CytoDyn has a 12-month low of $0.46 and a 12-month high of $0.84. The company has a 50 day moving average of $0.65 and a 200-day moving average of $0.65.

CYDY has been the topic of a number of analyst reports. HC Wainwright set a $2.00 target price on shares of CytoDyn and gave the stock a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of CytoDyn from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, ValuEngine upgraded shares of CytoDyn from a “strong sell” rating to a “sell” rating in a report on Thursday, September 7th.

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About CytoDyn

CytoDyn Inc is a clinical-stage biotechnology company. The Company is focused on the clinical development and commercialization of humanized monoclonal antibodies to treat Human Immunodeficiency Virus (HIV) infection. The Company’s lead product candidate, PRO 140, belongs to a class of HIV therapies known as entry inhibitors that block HIV from entering into and infecting certain cells.

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