In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on OpGen Inc (OPGN), with a price target of $6. The company’s shares closed yesterday at $1.09, close to its 52-week low of $1.06.
Selvaraju noted:
“Our price target is derived from a market value of the firm at $79M excluding debt. This includes a discounted cash flow analysis based enterprise value of $80M for the QuickFISH and AMR products, with a 15% discount rate and 2% terminal growth rate.”
According to TipRanks.com, Selvaraju has 0 stars on 0-5 star ranking scale with an average return of -13.3% and a 24.1% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies Corp, Bausch Health Companies Inc, and Aerpio Pharmaceuticals Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for OpGen Inc with a $6 average price target.
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Based on OpGen Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $3.26 million. In comparison, last year the company had a GAAP net loss of $3.27 million.
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OpGen, Inc. operates as a precision medicine company using molecular diagnostics and informatics to help combat infectious disease. It is developing molecular information products and services for global healthcare settings, helping to guide clinicians with more rapid and actionable information about life threatening infections, improve patient outcomes, and decrease the spread of infections caused by multidrug-resistant microorganisms, or MDROs. The company was founded on January 22, 2001 and is headquartered in Gaithersburg, MD.
