In a report released today, John Newman from Canaccord Genuity maintained a Buy rating on Aptose Biosciences (APTO – Research Report), with a price target of $13.00. The company’s shares closed last Tuesday at $0.71, close to its 52-week low of $0.71.
According to TipRanks.com, Newman is a 1-star analyst with an average return of -1.9% and a 34.6% success rate. Newman covers the Healthcare sector, focusing on stocks such as Atara Biotherapeutics, Seres Therapeutics, and Arcellx Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aptose Biosciences with a $8.58 average price target, a 1074.5% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $12.00 price target.
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Aptose Biosciences’ market cap is currently $66.71M and has a P/E ratio of -1.06.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APTO in relation to earlier this year.
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Aptose Biosciences, Inc. is a clinical-stage oncology company, which engages in the discovery, research, and development of anti-cancer therapies. Its product pipeline includes APTO-253, a small molecule that induces expression of the Kruppel-Like Factor 4 genes; and CG-806 a non-covalent small molecule therapeutic agent. The company was founded on September 5, 1986 and is headquartered in Toronto, Canada.
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