This comparative analysis is not intended as financial advice. You are encouraged to do your own research and make your own investment decisions. Disclosures - held, sentiment bullish/long. This is my own analysis and I have not received compensation for it.If RACE pulls off a strong partnership in my opinion I think a share price at least $17 is justified.
This would be a market cap around AUD $3B ( RACE's market cap is currently $478M ).
For another (non-partnership) scenario look at the recent buyout of Synthorx which was 16 months before the trial reported any results. Equivalent value around $20 per share and a drug category with a fraction of the revenue potential of Bisantrene as an FTO inhibitor.
Ann: Quarterly Activity Report & Appendix 4C, page-79
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |