Northland Securities analyst Carl Byrnes maintained a Buy rating on Opiant Pharmaceuticals (OPNT) today and set a price target of $42.00. The company’s shares closed last Monday at $11.14.
According to TipRanks.com, Byrnes ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.4% and a 37.2% success rate. Byrnes covers the Healthcare sector, focusing on stocks such as Oncternal Therapeutics, Aridis Pharmaceuticals, and Adamas Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Opiant Pharmaceuticals with a $42.00 average price target.
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Opiant Pharmaceuticals’ market cap is currently $47.81M and has a P/E ratio of -23.70. The company has a Price to Book ratio of 1.32.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OPNT in relation to earlier this year.
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Opiant Pharmaceuticals, Inc. engages in the development of pharmaceutical solutions for common addictions and related disorders. It focuses on developing treatment to reverse opioid overdoses, treatment for overweight and obese patients with binge eating disorder and treatment for patients with Bulimia Nervosa. Its principal product Naloxone is a medicine which is available through injection can reverse the overdose of prescription and illicit opioids. Opiant Pharmaceuticals was founded on June 21, 2005 and is headquartered in Santa Monica, CA.
