HC Wainwright Weighs in on Yield10 Bioscience, Inc.’s Q1 2023 Earnings (NASDAQ:YTEN)

Yield10 Bioscience, Inc. (NASDAQ:YTEN – Get Rating) – Research analysts at HC Wainwright issued their Q1 2023 earnings per share (EPS) estimates for Yield10 Bioscience in a report issued on Wednesday, March 15th. HC Wainwright analyst A. Dayal anticipates that the specialty chemicals company will post earnings of ($0.45) per share for the quarter. HC Wainwright also issued estimates for Yield10 Bioscience’s Q2 2023 earnings at ($0.50) EPS, Q3 2023 earnings at ($0.33) EPS, Q4 2023 earnings at ($0.36) EPS and FY2027 earnings at $0.12 EPS.

Yield10 Bioscience Trading Up 11.7 %

Shares of Yield10 Bioscience stock opened at $2.58 on Thursday. The stock has a market capitalization of $12.80 million, a price-to-earnings ratio of -0.96 and a beta of 1.75. Yield10 Bioscience has a twelve month low of $1.63 and a twelve month high of $6.12. The business’s 50 day simple moving average is $3.18 and its 200-day simple moving average is $2.82.

Hedge Funds Weigh In On Yield10 Bioscience

Several institutional investors have recently modified their holdings of the company. Cannell & Co. boosted its stake in Yield10 Bioscience by 60.5% during the 4th quarter. Cannell & Co. now owns 258,838 shares of the specialty chemicals company’s stock valued at $427,000 after purchasing an additional 97,600 shares during the period. Millennium Management LLC bought a new position in Yield10 Bioscience in the 2nd quarter worth approximately $132,000. Virtu Financial LLC acquired a new stake in Yield10 Bioscience in the 3rd quarter valued at approximately $47,000. Finally, Jane Street Group LLC bought a new stake in Yield10 Bioscience during the 1st quarter valued at $72,000. Institutional investors own 7.69% of the company’s stock.

About Yield10 Bioscience

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Yield10 Bioscience, Inc operates as an agricultural bioscience company. It focuses on the development of technologies to produce step-change improvements in crop yield for food and feed crops to enhance global food security. The company was founded by Anthony J. Sinskey, Simon F. Williams and Oliver P.