I think the current share price is ridiculous for the following reasons .
1. Current capitalisation of the company is $233 million
2. The company would have about $35 million in the bank .
3. So the other assets are valued by the market $198 million ,that is for 6 indications with nnz2566 and nnz2591 .
4. The trial results for trofinetide should be due in less than 8 weeks .
5. If trofinetide is successful the share price should be between $4 and $5 dollars.
6. The results only need to mirror Phase 2 results to be successful .
I think the current share price is ridiculous for the following...
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Last
$20.86 |
Change
-0.235(1.11%) |
Mkt cap ! $2.621B | |||
| Open | High | Low | Value | Volume |
| $21.10 | $21.11 | $20.45 | $2.687M | 129.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 145 | $20.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.86 | 134 | 13 |
View Market Depth
| Last trade - 13.16pm 20/05/2024 (20 minute delay) ? |
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Last
$20.94 |
Change
-0.235 ( 0.98 %) |
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| Open | High | Low | Volume | ||
| $21.11 | $21.11 | $20.45 | 58559 | ||
| Last updated 13.34pm 20/05/2024 ? | |||||
| NEU (ASX) Chart |