Shares of MediciNova Inc. (NASDAQ:MNOV) traded at a new 52-week low today of $3.68. Approximately 3.3 million shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.
Over the past year, MediciNova Inc. has traded in a range of $3.68 to $13.25 and is now at $3.78.
Potential upside of 39.7% exists for MediciNova Inc., based on a current level of $3.78 and analysts’ average consensus price target of $5.28.
MediciNova Inc is a biopharmaceutical company. It acquires and develops small-molecule therapeutics for the treatment of diseases with unmet medical needs with a specific focus on U.S. market. Its products portfolio includes therapeutics such as MN-001, MN-166, MN-221 etc. The firm’s current strategy is to focus its development activities on therapeutics for neurological disorders and fibrotic diseases. It has the acquisition and development of small molecule therapeutics segment.
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