GREY:ATBPF - Post by User
Comment by
davgroon Oct 12, 2022 10:44am
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Post# 35019494
RE:RE:NGL loving buying at these prices
RE:RE:NGL loving buying at these prices Banana1234 wrote: What's your prediction for EOY price?
I think EOY stock price for ATE will depend on several factors:
- General market conditions. If market continues to drift lower it is envitable that ATE will follow suit with weak hands and low volume.
- Year-end tax loss selling could also push the stock price lower.
- Will results of any animal studies on the drug new formulation be released before year-end, and if so, will they actually move the needle ? Unlikely.
- Unlikely that new formulation patent application will be approved prior to year-end.
Based on today's muted market response to ATE's news release I would anticipate a lower EOY price for the stock, quite possibly in the low $.50s. I see no significant price movement in the stock until 2023 now. As Mugsy said, investors will likely wait for analyst comments and any revised target prices, based on today's news release, before making concrete decisions on their ATE holdings.
JMO