I think the current share price is ridiculous for the following reasons .
1. Current capitalisation of the company is $233 million
2. The company would have about $35 million in the bank .
3. So the other assets are valued by the market $198 million ,that is for 6 indications with nnz2566 and nnz2591 .
4. The trial results for trofinetide should be due in less than 8 weeks .
5. If trofinetide is successful the share price should be between $4 and $5 dollars.
6. The results only need to mirror Phase 2 results to be successful .
Share Price
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Last
$18.65 |
Change
-0.540(2.81%) |
Mkt cap ! $2.383B | |||
| Open | High | Low | Value | Volume |
| $18.98 | $19.15 | $18.50 | $10.51M | 560.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $18.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.65 | 1127 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NEU (ASX) Chart |