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The PDS Biotechnology Corporation (PDSB) shares are trading at lower $3.00 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $6.48.

To add more color to this target, the companys high over the last year is $6.51 and the low is $0.62. Over the last 52 weeks, PDSB is down -53.92% while the S&P 500 is down -0.83%. The catalyst for this interesting swing was the companys recent earnings report.

A Notable Earnings Report

PDSB Return on Equity (ROE) is -105.10%, and its Return on Assets is -85.20%. All told, it is clear that, PDSB needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PDSB has a short ratio of 0.37 and outstanding shares of 10.32M.

Company Outlook

PDSB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.39 million and more growth is possible in the weeks ahead. Traders will also note the companys earnings per share came in at -3.02. PDS Biotechnology Corporation PDSB also noted assets of $23.93 million at the end of the last quarter. Investors should also keep an eye on sector updates as PDSB has historically followed its peers on positive news.

All told, PDS Biotechnology Corporation PDSB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PDSB represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

PDS Biotechnology Corporation PDSB is now commanding a market cap of 45.33M and a float of 9.77M. PDSB is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PDSB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in PDSB, either long or short, and we have not been compensated for this article.

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The Rejuvenation of PDS Biotechnology Corporation (NASDAQ:PDSB) - The Oracle Dispatch

This entry was posted on August 12, 2020 at 8:48 pm and is filed under Biotechnology. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed. |