"Rights" are something made up by governments to make you feel like you're buying something with your taxes.” ― Stefan Molyneux
Biotech was down for the second day in a row Tuesday opening this trading week. Better than expected Q1 results from the likes of Apple (AAPL) and CVS Health (CVS) have pre-market futures up decently as we await the opening bell this Wednesday.
Hopefully we can get back on track today. In the meantime, here are four biotech stocks being touted by analysts this Wednesday.
Buy-rated Zynex, Inc. reported 1Q results that continued its impressive turnaround story as the company posted its 11th consecutive quarter of positive net income. New orders for the company’s NexWave electrotherapy pain management device were up 30% and revenues of $9.2M easily topped management’s $8.3M-$8.8M guide despite a seasonally weaker 1Q in which healthcare deductibles generally remain unmet. The opioid epidemic plaguing the US has kept demand strong and reimbursement rates high for ZYXI’s NexWave, which according to management has no discernible side effects. Management appears to be boring full steam ahead with expansion of its sales force in order to fill the void left by the two largest players exiting the market at the end of 2015/early 2016."
Jefferies adds Haemonetics (HAE) to its 'Franchise' list and has a Buy rating and $125 price target on the firm. Jefferies' analyst 'cites the recent pullback in the shares and his view that the company is still well positioned to see "substantial" earnings upside as the NexSys cycle plays out and believes a stock price of $150-plus is likely over time'
10 Simple Rules To Trade Options Like A Pro' from our friends at Investors Alley is a good quick overview on using option strategies to mitigate risk and enhance returns in your portfolio. These strategies are well suited to high beta sectors like biotech where option premiums tend to be large. The report is now available free via download HERE
We don’t believe consensus includes much, if any, potential revenues in RSE. Given the spotlight on RSE from this open-label trial, we encourage investors to consider the near-term catalyst as its impact on Marinus’ revenue/earnings potential is possibly greater than its current epilepsy programs. The RSE luncheon included MD, its CFO, Ed Smith, its MD/PhD, who discussed the clinical and therapeutic aspects of RSE, the rationale for developing ganaxolone in RSE and the design of the ongoing Phase 2. Marinus’ VP, Corporate & Thomas J. “TJ” Lyons, presented findings from ongoing market assessment analyses.”
2019 ASGCT meeting, Synlogic showcased recent progress with reformulating its synthetic biotics into dry, orally-available powders. New data focused on SYNB1618, the company’s lead product for phenylketonuria (PKU). We believe the availability of a shelf-stable, powdered formulation that can be packaged into capsules would substantially improve SYNB1618’s commercial viability. In non-clinical studies measuring phenylalanine turnover, powdered SYNB1618 performed similarly to the frozen liquid cell suspensions currently being utilized in the company’s ongoing Phase 1/2a trial. We believe Synlogic could transition to powdered formulations for future trials of both SYNB1618 and SYNB1020. Important clinical updates from both programs are expected in mid-2019 which could deliver clinical proof-of-concept."
And those are four small cap concerns garnering some analyst praise this morning.
Thank You & Happy Hunting,
Thanks to a recent surge in numerous holdings, The Busted IPO Forum's model portfolio has been 'en fuego' lately. As of the market close Monday, its model portfolio has generated an overall return nearly quadruple that of the Russell 2000 since its launch (21.60% vs. 5.73%). To celebrate we are offering two week free trials AND 20% off your first year of membership. To get started and initiate your risk free 14 day trial into The Busted IPO Forum, just click HERE before this offer expires Friday.
Every honorable man is forced to yield to blackmail once or twice in his life, just for the sake of keeping peace in the community.” ― Don Marquis