In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Chromadex Corp (CDXC), with a price target of $7. The company’s shares closed yesterday at $4.40.
Selvaraju wrote:
“Valuation methodology, risks and uncertainties. We apply a 26.6x EV-to-EBITDA multiple applied to our 2020 EBITDA per share estimate of $0.35, discounted back at a 12% rate, which yields a price objective of approximately $7.00 per share.”
According to TipRanks.com, Selvaraju is a 1-star analyst with an average return of -0.2% and a 33.9% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Taro Pharmaceutical Industries Ltd., Biospecifics Technologies Corp, and EyePoint Pharmaceuticals Inc.
Chromadex Corp has an analyst consensus of Moderate Buy, with a price target consensus of $7.
See today’s analyst top recommended stocks >>
The company has a one-year high of $5 and a one-year low of $2.79. Currently, Chromadex Corp has an average volume of 187.8K.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CDXC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Chromadex Corp. is a nutraceutical company, which engages in acquiring, developing, and commercializing proprietary-based ingredient technologies. It operates through the following segments: Ingredients, Consumer Products, and Analytical Reference Standards and Services. The Ingredients segment offers NIAGEN in an ingredient form to partners.
