CytoDyn Inc (NASDAQ:CYDY) Issues Earnings Results

CytoDyn Inc (NASDAQ:CYDY) released its quarterly earnings data on Tuesday, October 10th. The biotechnology company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03), Bloomberg Earnings reports.

CytoDyn (NASDAQ:CYDY) traded down 4.62% during trading on Friday, reaching $0.62. 20,650 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $0.65 and its 200-day moving average price is $0.65. The stock’s market cap is $96.78 million. CytoDyn has a one year low of $0.46 and a one year high of $0.84.

A number of analysts have recently weighed in on CYDY shares. Zacks Investment Research upgraded shares of CytoDyn from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine upgraded shares of CytoDyn from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 7th. Finally, HC Wainwright set a $2.00 price target on shares of CytoDyn and gave the company a “buy” rating in a research report on Thursday, August 10th.

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CytoDyn Company Profile

CytoDyn Inc is a clinical-stage biotechnology company. The Company is focused on the clinical development and commercialization of humanized monoclonal antibodies to treat Human Immunodeficiency Virus (HIV) infection. The Company’s lead product candidate, PRO 140, belongs to a class of HIV therapies known as entry inhibitors that block HIV from entering into and infecting certain cells.

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