Seems like a few healthcare stocks going on a move of late and the market finally waking up to how undervalued PIQ is compared to peers.
RHY - mkt cap ~$140m, large potential market but still a few years away (1-2 years?) from test hitting the mkt, no pipeline mentioned in AGM Preso.
RENX/RNLX - mkt cap ~A$700m, smaller target market than PIQ (going after late stage DKD), no commercial sales, no CE Mark, no pipeline mentioned in company presos.
PIQ - mkt cap $58m - large target market, test is CE Mark approved, initial licence deals executed, first sales in in CY21, broad/deep pipeline of other diagnostic tests.
Plus other mkt caps in peer group table below:
If PIQ has a market cap of $140m, like RHY, share price will be $1.33
If PIQ has a market cap of the ave of some of its peers below, say $250m, share price will be $2.38
I'll leave everyone to do their own calcs for what the SP would be if they get to RENX's mkt cap....
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This is a quoted post from@Tulip2000
This is spot on, this was before the announcement of an FDA application. IMO it's not unreasonable for a fair valuation of $250-300M ($2.5-$3) market cap right now. And if the FDA approval comes through, this is a willy wonka golden ticket and should come with a re-rating, it's not unreasonable to expect a $500-600M market cap, or about $6-7 per share. Then, it would be a matter of the up take and commercial rollout/update, in which there is infinite upside. And this is just for PromarkerD. We still have so much other R & D in the pipeline. My favorite is the endo test. A endometriosis test would be a game changer, currently there is no known test other than invasive surgery. All IMO. GLTAH.
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Last
$1.05 |
Change
-0.015(1.41%) |
Mkt cap ! $137.4M |
Open | High | Low | Value | Volume |
$1.05 | $1.06 | $1.02 | $136.4K | 131.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2000 | $1.04 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.07 | 443 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 1.040 |
1 | 7000 | 1.035 |
1 | 2857 | 1.030 |
3 | 12480 | 1.020 |
1 | 3500 | 1.015 |
Price($) | Vol. | No. |
---|---|---|
1.070 | 443 | 1 |
1.075 | 6000 | 2 |
1.090 | 5496 | 1 |
1.100 | 5000 | 1 |
1.105 | 944 | 1 |
Last trade - 15.52pm 03/05/2024 (20 minute delay) ? |
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Last
$1.05 |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.52pm 03/05/2024 ? |
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