There is clearly a bunch of people that 'believe' the share price is being manipulated, but do we have to have 20 people post their vibe on this every day? Not sure it adds anything to the discourse (and not directed at you specifically prodigy, appreciate your posts). Happy to hear why it is manipulated rather than price down = must be manipulated.
Possible reasons I can see for share price weakness include
- likely big reduction in revenue for 2025 vs 2024 because of missing the next major milestone tier for NA
- likely massive increase in costs running a Ph3 from mid-year (this and above makes forward PE look a tad high without any other context)
- until FDA agreement there is uncertainty around endpoint agreement for 2591 trial in PMS
- likely 3-4 years before possibility of any 2591 revenue, a long time away before any money, insto or otherwise, needs to 'get set'
All of these reasons could mean people sell now or hold off on buying now with intention to possibly buy back later when risk is lower or revenue and profit increases are nearer....
NEU Price at posting:
$11.35 Sentiment: Buy Disclosure: Held
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