H.C. Wainwright Thinks Oramed Pharmaceuticals’ Stock is Going to Recover

In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Oramed Pharmaceuticals (ORMPResearch Report), with a price target of $25. The company’s shares closed on Friday at $3.40, close to its 52-week low of $2.97.

Selvaraju observed:

“Valuation methodology, risks and uncertainties. 15% discount rate, a 75% probability of success for ORMD-0801, and peak annual sales of roughly $2.1B (on which we project double- digit percentage royalties), we derive a total rNPV of $200M within the diabetes indication.”

According to TipRanks.com, Selvaraju is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -15.7% and a 25.6% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies Corp, EyePoint Pharmaceuticals Inc, and Bausch Health Companies Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oramed Pharmaceuticals with a $15 average price target.

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The company has a one-year high of $8.98 and a one-year low of $2.97. Currently, Oramed Pharmaceuticals has an average volume of 30.16K.

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Oramed Pharmaceuticals, Inc. engages in the provision of oral delivery solutions for drugs delivered via injection. It focuses in the research and development of pharmaceutical solutions, including an oral insulin capsule to be used for the treatment of individuals with diabetes, and the use of orally ingestible capsules or pills for delivery of other polypeptides. The company was founded by Nadav Kidron and Miriam Kidron on April 12, 2002 and is headquartered in Jerusalem, Israel.

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