Inovio Pharmaceuticals (INO) Gets a Hold Rating from H.C. Wainwright
In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Hold rating on Inovio Pharmaceuticals (INO). The company’s shares closed last Thursday at $10.28.
According to TipRanks.com, Selvaraju is a 5-star analyst with an average return of 28.1% and a 64.4% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Taro Pharmaceutical Industries, Protalix Biotherapeutics, and NeuroBo Pharmaceuticals.
The word on The Street in general, suggests a Hold analyst consensus rating for Inovio Pharmaceuticals with a $14.60 average price target, representing a 33.3% upside. In a report issued on December 24, Piper Sandler also maintained a Hold rating on the stock with a $8.00 price target.
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Inovio Pharmaceuticals’ market cap is currently $1.71B and has a P/E ratio of -7.50. The company has a Price to Book ratio of 5.60.
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Inovio Pharmaceuticals, Inc. is a late-stage biotechnology company, which engages in the discovery, development, and commercialization of DNA-based immunotherapies and vaccines. Its drug candidates include SynCon immunotherapies which helps break the immune system’s tolerance of cancerous cells; and CELLECTRA delivery system which facilitates optimized cellular uptake of the SynCon immunotherapies. The company was founded by David B. Weiner on June 29, 1983 and is headquartered in Plymouth Meeting, PA.