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Home โบ Stocks โบ Nanoviricides Inc. (NNVC) Stock Forecast & Price Prediction United States | NYSE | Healthcare | Biotechnology
$1.26
-0.02 (-1.56%)Did NNVC Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if NanoViricides is one of their latest high-conviction picks.
Based on our analysis of 2 Wall Street analysts, NNVC has a bullish consensus with a median price target of $6.50 (ranging from $6.00 to $7.00). The overall analyst rating is Strong Buy (10.0/10). Currently trading at $1.26, the median forecast implies a 415.9% upside. This outlook is supported by 1 Buy, 0 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for NNVC.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| May 7, 2024 | EF Hutton | Tim Moore | Buy | Reiterates | $6.50 |
| Feb 16, 2024 | EF Hutton | Tim Moore | Buy | Reiterates | $6.50 |
| Jun 1, 2023 | EF Hutton | Constantine Davides | Buy | Assumes | $5.25 |
| Apr 18, 2023 | EF Hutton | Constantine Davides | Buy | Reiterates | $5.25 |
| Feb 28, 2023 | EF Hutton | Constantine Davides | Buy | Maintains | $5.25 |
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Nanoviricides Inc. has a market capitalization of $27.10M with a P/E ratio of -2.0x. The company generates $0 in trailing twelve-month revenue with a 0.0% profit margin.
Revenue growth is N/A quarter-over-quarter, while maintaining an operating margin of 0.0% and return on equity of -77.5%.
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Develops antiviral therapeutics using nanotechnology.
Nanoviricides Inc. focuses on creating novel antiviral nanomedicines called 'nanoviricides' that specifically target and neutralize virus particles. The company generates revenue by developing these innovative therapeutics for viral infections, particularly where existing treatments are lacking.
With its pioneering approach, Nanoviricides Inc. aims to tackle unmet medical needs in the healthcare sector, aligning with trends in precision medicine. The company's products have the potential to significantly impact public health and contribute to managing future viral outbreaks.
Healthcare
Biotechnology
7
Dr. Anil R. Diwan Ph.D.
United States
2005
NanoViricides has applied for rare pediatric disease designation from the FDA for its antiviral candidate NV-387, as stated by CEO Dr. Anil Diwan, emphasizing its potential scientific and commercial benefits.
The FDA application for NV-387 could lead to faster approval and potential market exclusivity, enhancing NanoViricides' growth prospects and investor confidence.
NanoViricides has applied for Rare Pediatric Disease Drug designation from the FDA for its antiviral candidate NV-387 to treat measles, alongside an earlier orphan drug request.
NanoViricides' FDA application for NV-387 could enhance its market position and attract investment by addressing a significant unmet need in pediatric healthcare, potentially boosting stock value.
NanoViricides, Inc. (NYSE American: NNVC) has filed for "Rare Pediatric Disease Drug" Designation for NV-387 as a treatment for measles, complementing a prior Orphan Drug Designation application.
The RPDD application for NV-387 could lead to potential market exclusivity and financial incentives if approved, enhancing NanoViricides' valuation and growth prospects in the antiviral sector.
NanoViricides plans to start a Phase II clinical trial for its antiviral candidate NV-387 targeting mpox in the DRC soon, with site preparations in progress.
NanoViricides' Phase II trial of NV-387 for mpox could drive stock value and investor interest, indicating potential market opportunities and advancements in antiviral treatments.
NanoViricides, Inc. (NNVC) will soon begin a Phase II Clinical Trial for its Monkeypox treatment, NV-387, in the Democratic Republic of Congo, with preparations being handled by Om Sai Clinical Research Pvt.
The initiation of a Phase II trial for NV-387 targeting Monkeypox could enhance NanoViricides' market position and potential revenues, influencing investor sentiment and stock performance.
NanoViricides has completed manufacturing its NV-387 oral drug, an antiviral for mpox, and is ready for clinical trials pending site preparations.
NanoViricides' completion of NV-387 oral drug manufacturing signals progress in its mpox clinical trial, potentially boosting investor confidence and impacting stock performance.
Based on our analysis of 2 Wall Street analysts, Nanoviricides Inc. (NNVC) has a median price target of $6.50. The highest price target is $7.00 and the lowest is $6.00.
According to current analyst ratings, NNVC has 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $1.26. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict NNVC stock could reach $6.50 in the next 12 months. This represents a 415.9% increase from the current price of $1.26. Please note that this is a projection by Wall Street analysts and not a guarantee.
Nanoviricides Inc. focuses on creating novel antiviral nanomedicines called 'nanoviricides' that specifically target and neutralize virus particles. The company generates revenue by developing these innovative therapeutics for viral infections, particularly where existing treatments are lacking.
The highest price target for NNVC is $7.00 from at , which represents a 455.6% increase from the current price of $1.26.
The lowest price target for NNVC is $6.00 from at , which represents a 376.2% increase from the current price of $1.26.
The overall analyst consensus for NNVC is bullish. Out of 2 Wall Street analysts, 1 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $6.50.
Stock price projections, including those for Nanoviricides Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.