B. Riley Comments on MiNK Therapeutics, Inc.’s Q2 2022 Earnings (NASDAQ:INKT)

MiNK Therapeutics, Inc. (NASDAQ:INKT – Get Rating) – Equities researchers at B. Riley upped their Q2 2022 EPS estimates for MiNK Therapeutics in a research report issued on Wednesday, May 11th. B. Riley analyst K. Patel now anticipates that the company will post earnings per share of ($0.25) for the quarter, up from their previous forecast of ($0.27). B. Riley also issued estimates for MiNK Therapeutics’ Q3 2022 earnings at ($0.27) EPS, Q4 2022 earnings at ($0.24) EPS, FY2022 earnings at ($0.99) EPS, FY2023 earnings at ($1.16) EPS, FY2024 earnings at ($1.45) EPS, FY2025 earnings at ($1.51) EPS and FY2026 earnings at ($1.28) EPS.

MiNK Therapeutics (NASDAQ:INKT – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02).

Separately, Zacks Investment Research raised shares of MiNK Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, February 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $21.00.

Shares of INKT stock opened at $1.29 on Monday. MiNK Therapeutics has a one year low of $1.25 and a one year high of $22.16. The company has a 50 day moving average price of $2.42 and a 200 day moving average price of $5.68.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in MiNK Therapeutics during the 4th quarter valued at $46,000. State Street Corp acquired a new stake in shares of MiNK Therapeutics during the fourth quarter worth $53,000. Invesco Ltd. acquired a new stake in shares of MiNK Therapeutics in the 4th quarter worth about $94,000. Geode Capital Management LLC acquired a new stake in shares of MiNK Therapeutics in the 4th quarter worth about $105,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of MiNK Therapeutics in the 4th quarter worth about $157,000. Hedge funds and other institutional investors own 3.99% of the company’s stock.

About MiNK Therapeutics (Get Rating)

MiNK Therapeutics, Inc, a clinical stage biopharmaceutical company, engages in the discovery, development, and commercialization of allogeneic, off-the-shelf, invariant natural killer T (iNKT) cell therapies to treat cancer and other immune-mediated diseases. Its product candidate is AGENT-797, an off-the-shelf, allogeneic for iNKT cell therapy and treatment of various myeloma diseases which is in Phase 1 clinical trials.

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