GT Biopharma (NASDAQ:GTBP) Stock Rating Upgraded by Roth Capital

Roth Capital upgraded shares of GT Biopharma (NASDAQ:GTBP) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports. Roth Capital also issued estimates for GT Biopharma’s Q4 2024 earnings at ($1.55) EPS, Q1 2025 earnings at ($0.59) EPS, Q2 2025 earnings at ($0.55) EPS, Q3 2025 earnings at ($0.51) EPS, Q4 2025 earnings at ($0.47) EPS, FY2027 earnings at ($1.42) EPS and FY2028 earnings at ($1.21) EPS.

Separately, Roth Mkm started coverage on shares of GT Biopharma in a report on Monday. They issued a “buy” rating and a $11.00 target price for the company.

GT Biopharma Stock Performance

Shares of GTBP traded down $0.01 during trading hours on Monday, hitting $2.79. 47,161 shares of the company were exchanged, compared to its average volume of 21,214. GT Biopharma has a one year low of $1.92 and a one year high of $10.66. The firm has a fifty day simple moving average of $2.66 and a 200-day simple moving average of $2.74.

GT Biopharma Company Profile

GT Biopharma, Inc, a clinical stage biopharmaceutical company, focuses on the development and commercialization of immuno-oncology products based on its proprietary Tri-specific Killer Engager (TriKE) fusion protein immune cell engager technology platform. It develops GTB-3550, a single-chain tri-specific recombinant fusion protein conjugate that is in Phase I clinical trial for the treatment of myelodysplastic syndromes, refractory/relapsed acute myeloid leukemia or advanced systemic mastocytosis, and CD33+ malignancies.