Adamis Pharmaceuticals (ADMP) PT Set at $10.00 by Maxim Group
Adamis Pharmaceuticals (NASDAQ:ADMP) has been assigned a $10.00 price target by stock analysts at Maxim Group in a note issued to investors on Friday. The firm currently has a “buy” rating on the specialty pharmaceutical company’s stock. Maxim Group’s price objective would indicate a potential upside of 258.42% from the stock’s previous close.
A number of other research firms have also weighed in on ADMP. HC Wainwright set a $7.00 price target on Adamis Pharmaceuticals and gave the company a “buy” rating in a research report on Friday, September 28th. Zacks Investment Research upgraded Adamis Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, B. Riley downgraded Adamis Pharmaceuticals from a “buy” rating to a “neutral” rating and dropped their price target for the company from $7.50 to $2.50 in a research report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.20.
ADMP stock opened at $2.79 on Friday. The stock has a market cap of $133.83 million, a price-to-earnings ratio of -3.10 and a beta of 0.71. Adamis Pharmaceuticals has a twelve month low of $2.20 and a twelve month high of $5.10.
About Adamis Pharmaceuticals
Adamis Pharmaceuticals Corporation, a specialty biopharmaceutical company, develops and commercializes products in the therapeutic areas of allergy and respiratory disease in the United States. The company's specialty pharmaceutical product candidates comprise Symjepi (epinephrine) Injection pre-filled syringe (PFS) for use in the emergency treatment of acute allergic reactions, including anaphylaxis.
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