GT Biopharma (NASDAQ:GTBP – Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.04), FiscalAI reports.
GT Biopharma Stock Down 0.5%
NASDAQ:GTBP traded down $0.00 during midday trading on Friday, hitting $0.30. The company had a trading volume of 794,431 shares, compared to its average volume of 1,184,221. The company has a market capitalization of $13.12 million, a PE ratio of -0.05 and a beta of 0.90. GT Biopharma has a 52-week low of $0.26 and a 52-week high of $1.53. The stock’s fifty day moving average price is $0.39 and its 200-day moving average price is $0.42.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on GTBP shares. Wall Street Zen raised shares of GT Biopharma to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings restated a “sell (e+)” rating on shares of GT Biopharma in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, GT Biopharma currently has a consensus rating of “Sell”.
About GT Biopharma
GT Biopharma, Inc is a clinical-stage biopharmaceutical company dedicated to developing novel immuno-oncology therapies utilizing its proprietary Tri-specific NK cell engager (TriKE) platform. This technology is designed to harness and enhance the body’s natural killer (NK) cells by simultaneously binding tumor antigens and interleukin-15 (IL-15), stimulating NK cell proliferation and targeted cytotoxicity. By focusing on NK cell engagement rather than T-cell activation, the company aims to offer therapies with potentially improved safety profiles and reduced immune-related adverse events.
The company’s lead candidate, GTB-3550, is currently in clinical trials for hematologic malignancies such as acute myeloid leukemia (AML), chronic lymphocytic leukemia (CLL) and myelodysplastic syndromes (MDS).
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