MediciNova, Inc. (NASDAQ:MNOV - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.50 and traded as high as $1.62. MediciNova shares last traded at $1.56, with a volume of 16,286 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on MediciNova in a research note on Thursday. They issued a "hold" rating for the company.
Get Our Latest Stock Report on MNOV
MediciNova Stock Up 0.6 %
The stock has a market capitalization of $77.01 million, a PE ratio of -9.81 and a beta of 0.77. The firm has a 50 day moving average price of $1.81 and a 200-day moving average price of $1.50.
MediciNova (NASDAQ:MNOV - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The biopharmaceutical company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Equities analysts expect that MediciNova, Inc. will post -0.23 earnings per share for the current fiscal year.
About MediciNova
(
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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. It is developing MN-166 (ibudilast), an oral anti-inflammatory and neuroprotective agent for treating neurological and other 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, as well as prevention of acute respiratory distress syndrome, and long COVID.
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