Beyondspring (BYSI) Given a $52.00 Price Target by Maxim Group Analysts

Maxim Group set a $52.00 price target on Beyondspring (NASDAQ:BYSI) in a research report report published on Thursday. The firm currently has a buy rating on the stock.

“BeyondSpring announced that Pliabulin has met its primary endpoint in the P2 portion of its global Phase 2/3 clinical trial (Study 105) for the prevention of CIN with docetaxel. In addition, the company announced that a p value of < 0.0001 from its ongoing Phase 3 NSCLC clinical trial (Study 103) was achieved from 138 patients on a secondary endpoint of grade 4 neutropenia, which demonstrates Plinabulin’s ability to reduce docetaxel CIN. Interim anti-cancer efficacy data from Study 103 is expected in mid-2018.",” the firm’s analyst commented.

Other equities research analysts have also recently issued research reports about the stock. HC Wainwright restated a buy rating and set a $50.00 target price on shares of Beyondspring in a research note on Monday, August 21st. Seaport Global Securities started coverage on shares of Beyondspring in a research note on Tuesday, December 5th. They set a buy rating and a $56.00 target price on the stock. Finally, Zacks Investment Research cut shares of Beyondspring from a hold rating to a sell rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $54.50.

Beyondspring (NASDAQ BYSI) traded up $3.31 during midday trading on Thursday, reaching $32.42. 3,919 shares of the company’s stock were exchanged, compared to its average volume of 5,414. Beyondspring has a 12 month low of $16.55 and a 12 month high of $48.49.

Beyondspring (NASDAQ:BYSI) last released its earnings results on Thursday, November 9th. The company reported ($0.68) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.01. equities analysts forecast that Beyondspring will post -4.43 earnings per share for the current year.

A hedge fund recently bought a new stake in Beyondspring stock. Tanaka Capital Management Inc. bought a new stake in Beyondspring Inc (NASDAQ:BYSI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,322 shares of the company’s stock, valued at approximately $914,000. Beyondspring makes up about 2.1% of Tanaka Capital Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Tanaka Capital Management Inc. owned 0.10% of Beyondspring at the end of the most recent quarter. Institutional investors and hedge funds own 1.22% of the company’s stock.

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About Beyondspring

BeyondSpring Inc is a global clinical-stage biopharmaceutical company. The Company is focused on the development of cancer therapies. The Company is engaged in advancing its lead product, Plinabulin, into a Phase II/III clinical trial for the reduction of docetaxel chemotherapy-induced severe, grade 4 neutropenia; a Phase II/III clinical trial for the prevention of non-docetaxel chemotherapy-induced severe, grade 4 neutropenia, and a Phase III clinical trial as an anticancer agent in combination with docetaxel in advanced non-small cell lung cancer (NSCLC).

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