H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on CytoDyn Inc (CYDY) today and set a price target of $1.50. The company’s shares closed on Friday at $0.50.
Selvaraju said:
“Our 12-month price target is derived from an estimated market value of the firm at $560M. It includes a discounted cash flow-based asset value of $566M for leronlimab in the HIV indication alone, with a 15% discount rate, 2% terminal growth rate, 80% probability of success, and excluding $6M debt.”
According to TipRanks.com, Selvaraju ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.6% and a 38.7% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies Corp, EyePoint Pharmaceuticals Inc, and Bausch Health Companies Inc.
CytoDyn Inc has an analyst consensus of Moderate Buy, with a price target consensus of $1.50.
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The company has a one-year high of $0.71 and a one-year low of $0.06. Currently, CytoDyn Inc has an average volume of 440.2K.
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CytoDyn, Inc. is a clinical-stage biotechnology company, which engages in the clinical development and potential commercialization of humanized monoclonal antibodies for the treatment and prevention of human immunodeficiency virus infection. Its product pipeline includes PRO 140, CytoFeline, and Cytolin.
