H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Oramed Pharmaceuticals (ORMP) today and set a price target of $17.00. The company’s shares closed last Tuesday at $2.78, close to its 52-week low of $2.40.
According to TipRanks.com, Selvaraju is a 5-star analyst with an average return of 17.2% and a 54.8% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Taro Pharmaceutical Industries, Biospecifics Technologies, and Springworks Therapeutics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oramed Pharmaceuticals with a $17.00 average price target.
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Oramed Pharmaceuticals’ market cap is currently $65.4M and has a P/E ratio of -4.30. The company has a Price to Book ratio of 1.76.
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Oramed Pharmaceuticals, Inc. engages in the provision of oral delivery solutions for drugs delivered via injection. It focuses in the research and development of pharmaceutical solutions, including an oral insulin capsule to be used for the treatment of individuals with diabetes, and the use of orally ingestible capsules or pills for delivery of other polypeptides. The company was founded by Nadav Kidron and Miriam Kidron on April 12, 2002 and is headquartered in Jerusalem, Israel.
