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Monopar Therapeutics (NASDAQ:MNPR) Hits New 52-Week High - Still a Buy?

Monopar Therapeutics logo with Medical background

Monopar Therapeutics Inc. (NASDAQ:MNPR - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $36.35 and last traded at $30.24, with a volume of 16241600 shares traded. The stock had previously closed at $4.63.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Rodman & Renshaw assumed coverage on shares of Monopar Therapeutics in a research report on Friday, October 11th. They set a "buy" rating and a $50.00 target price for the company. HC Wainwright boosted their price objective on shares of Monopar Therapeutics from $2.00 to $6.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th.

Get Our Latest Report on MNPR

Monopar Therapeutics Trading Up 605.4 %

The firm's fifty day moving average price is $3.97 and its 200-day moving average price is $3.62. The company has a market cap of $571.03 million, a P/E ratio of -74.04 and a beta of 1.26.

Monopar Therapeutics (NASDAQ:MNPR - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). As a group, research analysts forecast that Monopar Therapeutics Inc. will post -1.93 earnings per share for the current fiscal year.

Monopar Therapeutics Company Profile

(Get Free Report)

Monopar Therapeutics Inc, a clinical-stage biopharmaceutical company, engages in developing therapeutics for the treatment of cancer in the United States. Its lead product candidate in development is Validive, a clonidine hydrochloride mucobuccal tablet that is in Phase 2b/3 clinical trial for the prevention of chemoradiotherapy induced severe oral mucositis in patients with oropharyngeal cancer.

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