In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Provention Bio Inc (PRVB), with a price target of $8. The company’s shares closed on Friday at $3.80.
According to TipRanks.com, Selvaraju has 0 stars on 0-5 star ranking scale with an average return of -3.0% and a 29.9% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies Corp, EyePoint Pharmaceuticals Inc, and Bausch Health Companies Inc.
Currently, the analyst consensus on Provention Bio Inc is a Moderate Buy with an average price target of $8.
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The company has a one-year high of $8 and a one-year low of $1.52. Currently, Provention Bio Inc has an average volume of 59.73K.
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Provention Bio, Inc. is a clinical-stage biopharmaceutical company, which engages in the development and commercialization of novel therapeutics and solutions. Its products include PRV-031 for the interception of type 1 diabetes (T1D); PRV-015 for the treatment of gluten-free diet non-responding celiac disease; PRV-6527 for Crohn’s disease; PRV-300 for ulcerative colitis; PRV-3279 for the treatment of lupus; and PRV-101 for the prevention of acute coxsackie virus B (CVB), and the prevention of T1D onset. The company was founded by Francisco Leon and Ashleigh Palmer on October 4, 2016 and is headquartered in Lebanon, NJ.
