Could Inovio Pharmaceuticals (INO) be worth $32 in the next year?
What’s up with Inovio Pharmaceuticals?
Inovio Pharmaceuticals (INO) opened at $11.22, which means the stock is up 7.05% from yesterday’s closing price of 10.86. Today, the company has a high of $11.83 and a low of $11.03. The company has a market cap of $1.69 billion with a 52-week high of $19.00 and a 52-week low of $8.00.
What about the future for Inovio Pharmaceuticals?
The high forecast for Inovio Pharmaceuticals is $32.00 while the low is $5.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Inovio Pharmaceuticals has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information INO seems to be a safe buy.
About Inovio Pharmaceuticals
Inovio Pharmaceuticals, Inc. is a late-stage biotechnology company. It engages in the discovery, development, and commercialization of DNA-based immunotherapies and vaccines. The firm’s drug candidates include SynCon immunotherapies which helps break the immune system’s tolerance of cancerous cells; and CELLECTRA delivery system which facilitates optimized cellular uptake of the SynCon immunotherapies. The company was founded by David B. Weiner on June 29, 1983 and is headquartered in Plymouth Meeting, PA.