Or those who have margin calls, which hopefully they can can hang on and reap the tremendous benefits coming. News can come with this company at any time which will catapult us back into the $20's...believe it.
In terms of valuation, we think Advaxis is still undervalued at current market price. Currently, the Company shares are trading at about $22 per share which values the Company at about $600 million in market cap based on 27 million outstanding shares. This is still a discount compared to its peers.
We predict ADXS-HPV for cervical cancer to be approved in the US in late 2017 or early 2018 with 75% probability. Sales will reach $100 million in 2020 with earnings per share of $1.36. Using a relative valuation model, we come up with the value for HPV cervical cancer of $19.00 per share by using 45 x P/E multiple and discounted at 20% for 5 years. Adding the value of $11 for other indications of HPV and other clinical programs, we reach our price target of $30 per share for the company.
Our price target of $30.00 per share values the Company at $810 million in market cap, which is still conservative in our view.
and I have to chuckle because nothing but even better, stronger, more convincing evidence of efficacy continues to pour in from peer reviewed forums and will continue to do so at ASCO. So just to restate the obvious ADXS is a high beta stock and will be particularly prone to swing trading, especially when we are at the feeding trough, raising money. Wall St. likes to buy great companies on the cheap and we are no exception to that rule. Hence the big boys may choose to play it both ways around offerings. Short and manipulate to get the best price on the offering, and then turn around and take their hedges off and go long after their the offering closes. Most of you have experienced this a hundred times-use it to your advantage. The play is too take advantage of the lower prices if you can, do not get shaken out, and look forward to the $30's, which are surely coming fast. IMHO
Sentiment: Strong Buy
No dog in the fight... yet...if market continues to sell off and dilution comes (I agree with this 100%) I think there will plenty of opps to buy around $5.
I am DEFINITELY NOT selling any shares down here. This is my 2 year retirement plan! LOL
Put a lock on ALL your shares until at least $25, which I expect to hit soon. Get ready for an explosion....
FOTD, no comments about the run at ADXS?? Are you still in it? I shifted some HALO money into ADXS 2 weeks ago. Got lucky.
You want to own this before Aduro goes public in the next couple of weeks !!
Did you have a chance to look at ADXS ? Think you should and soon my friend, if you haven't. When Aduro goes public this month it is worth 5-10 points imo.
I think the next 10 points upward are going to be amazingly quick as we are not even on 95% of bio investors radar yet, let alone funds. Yesterday was just a teaser preview of what's coming....volume and all. Watch for some 5 -7 million share days coming soon. Then you'll know were getting noticed!
Buying ADXs now is like buying Celgene 20 years ago. Last week I put two friends and my brother in this bad boy. Others are on the fence, but highly interested and watching. I say to the fence sitters-- this is STILL so far off investors radar accumulate as much as you possibly can before it gets popular...which...as we all know is coming soon.