H.C. Wainwright Thinks Chimerix’s Stock is Going to Recover

In a report released today, Edward White from H.C. Wainwright maintained a Buy rating on Chimerix (NASDAQ: CMRX), with a price target of $10. The company’s shares closed yesterday at $3.88, close to its 52-week low of $3.57.

White commented:

“We base our $10 price target on probability-adjusted revenue forecasts for brincidofovir in AdV, smallpox and multi-viral prevention. We use the net present value of our revenue forecast through 2026, apply a 15% POS for brincidofovir in AdV and other viruses, a 35% POS for brincidofovir in smallpox, a 4x price/sales multiple, value the early stage pipeline at $1.56/share and 2Q18 fully diluted net cash of $4.08/share to arrive at our $10 price target. Our P/S multiple of 4x is in line with Chimerix’s peers that range between 2-5x.”

According to, White is a 5-star analyst with an average return of 19.2% and a 48.3% success rate. White covers the Healthcare sector, focusing on stocks such as Syndax Pharmaceuticals Inc, Spectrum Pharmaceuticals, and Synthetic Biologics Inc.

Currently, the analyst consensus on Chimerix is a Moderate Buy with an average price target of $8.

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The company has a one-year high of $5.94 and a one-year low of $3.57. Currently, Chimerix has an average volume of 164.3K.

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Chimerix, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of pharmaceutical products. Its portfolio includes Brincidofovir for the treatment of adenovirus, cytomegalovirus, and smallpox.

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