A Price Target for a stock is traditionally a 1 Year Estimate. If the stock advanced one cent or two cents a day and slowly increased in price just like watching paint dry it would easily double from here and meet that target. The stock is up 6% today currently and for a down day for 95% of biotechnology stocks that is impressive.
Assuming you have not done your due diligence, take a look at the 10Q. There is an ATM on the books. That is an At-The-Market offering. There is upwards of $22 million left on the ATM. Since management said it wanted the option of going it alone they are obviously selling in the 3s, at least for now. The selling may be over. We will know on Monday when management gives a CC earnings update. GLTY.
I thought we told you to go away? This isn't an overnight get rich stock...settle in and stop your crying! Bunch of cry babies..."Oh, I bought this stock yesterday and it's not up 50% yet"...boo-freaking-hoo!!!