The over enthusiastic share price estimates seem to be spiraling out of control. While I would like nothing better than to see a $75 share price I think that is just a ridiculous estimate. While Trofinetide was in P3 the NEU SP was on average about $2. If we have 2-3 indications going through P3 then I think we would be lucky to see $2/share for each. Add that to the current SP of $12, plus say another $5 for good Daybue sales revenue and growing confidence in NNZ2591 then you get a share price around $22-25 in say 12-18months time. I hope I’m wildly conservative on this but I’d much rather be conservative than disappointed. Our reward happens when we get a T/O offer of mid $30’s to mid $40’s.
The share price performance to date unfortunately doesn’t support overly optimistic future prices. Very happy to hold until T/O .
The over enthusiastic share price estimates seem to be spiraling...
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Last
$18.65 |
Change
-0.200(1.06%) |
Mkt cap ! $2.381B | |||
| Open | High | Low | Value | Volume |
| $18.85 | $18.92 | $18.35 | $10.53M | 566.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45 | $18.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.73 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$18.73 |
Change
-0.200 ( 0.73 %) |
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| Open | High | Low | Volume | ||
| $18.89 | $18.89 | $18.36 | 91292 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| NEU (ASX) Chart |