Whisper number is $1,28 vs. 0.99 consensus estimate. It will be interesting what they report and if the number is sufficient to ease concern about higher administrative and R&D cost (building the pipeline).
I agree with you, but I'm looking at EMA 20 & 50. It hit the 20 today and most likely will bounce off and take off from here. One concern however is the overall weakness in the bio-tech sector.
Will hit 90 and 100 real quick!!!!
Deutsche raised price target a few days ago to 132
Today Baird raised their target to 102
Sentiment: Strong Buy
If we are talking numbers we should go the whole nine yards
Skin infections, the market for Brilacidin is roughly a $17 bill./year market in U.S.
Capturing just 6% of that market would translate into 1 bill of sales. Price to Sales ratio could range from 4 - 14, which would translate to a market cap of 4 - 14 bill, which would roughly translate into a stock price of $ 20 - % 70.
Similar calculations for the other areas support the above listed stock prices.
The market for cancer drugs is roughly $77.4bn. CTIX just need to capture a fraction of that.
Prurisol could generate anything from 100 - 500 mill, if the drug is shows modest activities; if exceptional it could easily generate of a bill.
I don't think CTIX will trade much longer in the 1.5 - 2 range (150 - 200 market cap). Modest good news could easily push the stock into the $5 (500 mill market cap) range this year, into the $ 20 (2 bill market cap) range next year. And that still looks cheap.
Of course there are risks along the way otherwise would could just wait and harvest our money tree as I mentioned before.
Of course that's all my 2 cents and nobody should make investment decisions based on my numbers.
I've established a position a while back. It's not large in Dollar amounts, but large enough that it could amount to a significant gain if CTIX really advances like some of the above companies.
Of course there is a lot of risks, otherwise everybody would just buy and wait to harvest from the money tree.
However it seems the drug pipeline is getting really rich and if one compound does not succeed another may does.
Of course another possibility could be a buy-out. That would happen once it's clear a compound is succeeding as the larger companies reduce their risks that way.
Stock is trading badly with strong distribution over the last two days. It is right at support (267), if that does not hold it will go down to 254. I'm afraid that some deep pockets are betting their option on 254 for OE next week so be prepared to see that level. Support at 254 is strong and should hold. With good earnings we could be back over 300 by earning announcement.
Earnings release in three week. I would expect OE next week to be somewhat a hurdle, but after that run up for the earnings should start. I would expect REGN to beat the .99 consensus earning forecast easily.
There are so many good developments for CTIX that I strongly believe that CTIX could easily double in 2014. Of course there are risks, no doubt, but the company actually manages very carefully and thoughtfully. As many investor stated on Seeking Alpha and other sites there is great potential for CTIX and I have been adding to my position during the last dip, and will in future. glta.
Sentiment: Strong Buy
You made a bunch if you've really added 16 k shares. But the ride is not over yet. What is your price target?
Down trend reversal occurred and a buy signal has been issued with 400 as the new target. 400 may not be achieved in a straight line however.
The trend reversal is confirmed by looking at other bio tech sector and other bio tech stocks, e.g. other leaders such as CELG, GILD also show reversal and buy signals.
See you at 400!
I've established a new position yesterday with a cost base around 55, and a target price of 80.
The stock is extremely oversold, and the odds are definitely in favor of recovery from here on
There has been an extreme bullish money flow into the stock supporting the above.
The stock is right at support level, but there is also strong resistance at 59.5 and 73.5
The company is adjusting its strategy.
As a consumer I do like the Cree lights over the china products from costco. I just believe the quality shows and will succeed,
I believe we'll be back at 80 in a quarter or two.
Made the mistake of buying close to 300, even so I intended to buy around the 50 day average, but got impatient and bought despite I know better. However I took the opportunity today to get some more at these great prices. I truly believe this stock will go much higher than 300; we'll see in a year or two if it had doubled or tripled again.
Best regards from Cape Lookout