In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on CytoDyn Inc (CYDY), with a price target of $1.50. The company’s shares closed yesterday at $0.53.
Selvaraju wrote:
“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 -7.3% and a 37.6% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies Corp, EyePoint Pharmaceuticals Inc, and Bausch Health Companies Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CytoDyn Inc with a $1.50 average price target.
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Based on CytoDyn Inc’s latest earnings release for the quarter ending November 30, the company reported a quarterly GAAP net loss of $14.31 million. In comparison, last year the company had a GAAP net loss of $17.95 million.
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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.
