MediciNova, Inc. (NASDAQ:MNOV - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.49 and traded as high as $1.76. MediciNova shares last traded at $1.75, with a volume of 59,526 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of MediciNova in a report on Wednesday. They issued a "hold" rating on the stock.
Check Out Our Latest Stock Report on MediciNova
MediciNova Stock Performance
The firm's 50 day simple moving average is $1.76 and its 200-day simple moving average is $1.49. The company has a market capitalization of $85.83 million, a price-to-earnings ratio of -10.29 and a beta of 0.75.
MediciNova (NASDAQ:MNOV - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The biopharmaceutical company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.01. As a group, sell-side analysts forecast that MediciNova, Inc. will post -0.23 EPS for the current fiscal year.
About MediciNova
(
Get Free Report)
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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