H.C. Wainwright Thinks Cellect Biotechnology Ltd’s Stock is Going to Recover

In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Cellect Biotechnology Ltd (NASDAQ: APOP), with a price target of $14. The company’s shares closed yesterday at $7.20, close to its 52-week low of $6.12.

Selvaraju said:

“Valuation methodology, risks and uncertainties. We value Cellect based on a discounted cash flow (DCF) approach that assigns a total value of $120M to Cellect’s platform. Our valuation translates into a price per ADS of $14.00, taking into account roughly 8.4M fully-diluted ADSs outstanding as of mid-2019.”

According to TipRanks.com, Selvaraju is a 1-star analyst with an average return of -0.8% and a 40.2% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, Biospecifics Technologies Corp, and EyePoint Pharmaceuticals Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cellect Biotechnology Ltd with a $14 average price target.

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Based on Cellect Biotechnology Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.03 million. In comparison, last year the company had a GAAP net loss of $1.3 million.

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Cellect Biotechnology Ltd. engages in the provision of regenerative medicine. Its activities include development of regenerative medicine through the development of products facilitating immune stem cell selection.