H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Foamix Pharma (NASDAQ: FOMX) today and set a price target of $12. The company’s shares closed yesterday at $5.06.
According to TipRanks.com, Selvaraju is ranked 0 out of 5 stars with an average return of -5.8% and a 37.5% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, Biospecifics Technologies Corp, and EyePoint Pharmaceuticals Inc.
Foamix Pharma has an analyst consensus of Moderate Buy, with a price target consensus of $12.
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The company has a one-year high of $7.45 and a one-year low of $4.15. Currently, Foamix Pharma has an average volume of 132.1K.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.
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Foamix Pharmaceuticals Ltd. engages in the development and commercialization of proprietary minocycline foam for the treatment of acne, impetigo, and other skin conditions. Its product portfolios include minocycline foam, minocycline gel, mometasone foam, calcipotriene foam, triamcinolone acetonide foam, betamethasone valerate foam, and betamethasone dipropionate. The company was founded by Dov Tamarkin and Meir Eini on January 19, 2003 and is headquartered in Rehovot, Israel.
