Brokers upgrading their price targets bodes well for the share price. Hard to value biotechs because they usually trade on high PEs. Also have to factor in their potential and their pipeline. It usually take years and years to commercialise a drug and also worth noting if other bios are targeting the same disease in the space. But regardless, the need for funding is mostly mitigated from the royalties from Arcadia. They can move faster with more money.
Updated Broker/Analyst targets, first one at $18.29, page-37
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$15.59 |
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Mkt cap ! $1.992B | |||
| Open | High | Low | Value | Volume |
| $15.51 | $15.82 | $15.46 | $11.26M | 722.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 696 | $15.59 |
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| Price($) | Vol. | No. |
|---|---|---|
| $15.67 | 6942 | 8 |
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