Novus Therapeutics, Inc. (NVUS) Receives a Buy from Ladenburg

By Carrie Williams

In a report released today, Michael Higgins from Ladenburg reiterated a Buy rating on Novus Therapeutics, Inc. (NVUSResearch Report), with a price target of $10. The company’s shares closed yesterday at $2.22, close to its 52-week low of $1.52.

According to TipRanks.com, Higgins has 0 stars on 0-5 star ranking scale with an average return of -5.0% and a 32.2% success rate. Higgins covers the Healthcare sector, focusing on stocks such as Rhythm Pharmaceuticals Inc, Melinta Therapeutics Inc, and Eiger Biopharmaceuticals.

The the analyst consensus on Novus Therapeutics, Inc. is currently a Hold rating.

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The company has a one-year high of $8.61 and a one-year low of $1.52. Currently, Novus Therapeutics, Inc. has an average volume of 42.19K.

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Novus Therapeutics Inc. is a pharmaceutical company, which engages in the acquisition, development, and commercialization of products for disorders of the ear, nose, and throat. Its product pipelines include OPO201; OP0101; and OP0102. The company was founded on March 26, 2004 and is headquartered in Irvine, CA.