Oramed Pharmaceuticals (ORMP) Receives a Buy from H.C. Wainwright


In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Oramed Pharmaceuticals (ORMP), with a price target of $17.00. The company’s shares closed last Thursday at $4.58.

According to TipRanks.com, Selvaraju is a top 100 analyst with an average return of 36.9% and a 74.0% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Protalix Biotherapeutics, NeuroBo Pharmaceuticals, and Inovio Pharmaceuticals.

Oramed Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $9.67.

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Oramed Pharmaceuticals’ market cap is currently $122.1M and has a P/E ratio of -6.50. The company has a Price to Book ratio of 4.07.

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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.

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