Equities analysts expect NuCana (NASDAQ:NCNA) to announce earnings of ($0.22) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for NuCana’s earnings, with the lowest EPS estimate coming in at ($0.24) and the highest estimate coming in at ($0.20). The business is expected to issue its next quarterly earnings results on Monday, January 1st.

Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for NuCana.

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Separately, Zacks Investment Research cut shares of NuCana from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $21.00.

NCNA stock traded down $1.03 during mid-day trading on Monday, hitting $24.20. The company had a trading volume of 22,469 shares, compared to its average volume of 154,991. The stock has a market cap of $802.59 and a P/E ratio of -22.13. NuCana has a 12-month low of $9.32 and a 12-month high of $30.41.

Hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. purchased a new stake in NuCana in the 4th quarter worth $357,000. UBS Asset Management Americas Inc. lifted its stake in NuCana by 4.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 464,600 shares of the company’s stock worth $4,697,000 after purchasing an additional 19,800 shares in the last quarter. Sofinnova Management VIII L.L.C. lifted its stake in NuCana by 600.0% in the 4th quarter. Sofinnova Management VIII L.L.C. now owns 4,666,666 shares of the company’s stock worth $47,180,000 after purchasing an additional 4,000,000 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in NuCana by 40.1% in the 4th quarter. Alliancebernstein L.P. now owns 910,358 shares of the company’s stock worth $9,204,000 after purchasing an additional 260,358 shares in the last quarter. Institutional investors and hedge funds own 30.70% of the company’s stock.

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About NuCana

NuCana plc, a biopharmaceutical company, engages in the development of products for the treatment of cancer. The company is developing Acelarin that is in Phase I clinical trials for the treatment of advanced metastatic solid tumors; that is in Phase Ib clinical trials for the treatment of recurrent ovarian cancer; in Phase II clinical trials for the treatment of patients with platinum-resistant ovarian cancer; and in Phase Ib clinical trials for the treatment of patients with biliary cancer.

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