Do investors have a safe investment in Cns Pharmaceuticals Inc (NASDAQ:CNSP)?

The price of Cns Pharmaceuticals Inc (NASDAQ:CNSP) shares last traded on Wall Street fell -4.31% to $0.12.

CNSP stock price is now -3.37% away from the 50-day moving average and -97.88% away from the 200-day moving average. The market capitalization of the company currently stands at $6.84M.

On August 24, 2020, Ladenburg Thalmann recently initiated its ‘Buy’ rating on the stock quoting a target price of $11

In other news, Gumulka Jerzy, Director bought 33,333 shares of the company’s stock on Feb 01 ’24. The stock was bought for $10,000 at an average price of $0.30. Upon completion of the transaction, the Director now directly owns 43,006 shares in the company, valued at $5160.72. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01 ’24, Director Evans Carl Anthony bought 33,333 shares of the business’s stock. A total of $10,000 was incurred on buying the stock at an average price of $0.30. This leaves the insider owning 33,458 shares of the company worth $4014.96. A total of 1.61% of the company’s stock is owned by insiders.

During the past 12 months, Cns Pharmaceuticals Inc has had a low of $0.10 and a high of $135.00. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 1.81, and a quick ratio of 1.81. The fifty day moving average price for CNSP is $0.12884 and a two-hundred day moving average price translates $5.86228 for the stock.

The latest earnings results from Cns Pharmaceuticals Inc (NASDAQ: CNSP) was released for 2024-06-30. The company reported revenue of $5.63 million for the quarter, compared to $4.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.15 percent.

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