Here is a part summery or the price outlook for PIQ by Morgans in Sept last year. Nice to note the predicted share price of $2.42 is only for sales in the
US only.
I believe the sales will commence Texas, with a population of 30 million, lets hope Sonic will be flat out meeting orders.
Forecast and valuation update:
▪ We have increased our US test pricing assumptions to US$390 (from US$150)
and applied a fairly hefty market uptake handbrake until we get a strong feel for
coverage uptake. Our DCF valuation increases to A$2.42 (from A$1.66).
Investment view:
▪ We view PIQ as a highly promising opportunity in FY24 driven by several major
catalysts. These encompass the initial steps towards commercialisation, which
will not only establish a foundation for FY25 onwards, but also multiple
advancements in the clinical and regulatory spheres, enhancing the company's
pipeline. We value PIQ using a DCF methodology and we set our price target at
the same level of A$1.66 p/s. We maintain a Speculative Buy recommendation,
supported by a blend of exciting growth prospects and strategic developments.
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Last
72.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $94.97M |
Open | High | Low | Value | Volume |
72.0¢ | 72.5¢ | 71.5¢ | $37.53K | 51.97K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 47380 | 71.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
73.0¢ | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 47380 | 0.715 |
1 | 14084 | 0.710 |
2 | 4097 | 0.705 |
12 | 92286 | 0.700 |
3 | 24991 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.730 | 2500 | 1 |
0.750 | 29350 | 2 |
0.795 | 34245 | 3 |
0.800 | 18900 | 2 |
0.820 | 986 | 1 |
Last trade - 15.58pm 01/11/2024 (20 minute delay) ? |
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