Brokerages Set Adamis Pharmaceuticals Corp (ADMP) Target Price at $7.38
Shares of Adamis Pharmaceuticals Corp (NASDAQ:ADMP) have been given a consensus rating of “Hold” by the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $6.63.
Several research firms recently commented on ADMP. HC Wainwright set a $7.00 target price on Adamis Pharmaceuticals and gave the company a “buy” rating in a research report on Friday, September 28th. Maxim Group restated a “buy” rating and issued a $13.00 target price on shares of Adamis Pharmaceuticals in a research report on Wednesday, September 12th. 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 cut Adamis Pharmaceuticals from a “buy” rating to a “neutral” rating and lowered their target price for the company from $7.50 to $2.50 in a research report on Monday, November 12th.
Shares of NASDAQ ADMP opened at $2.79 on Tuesday. The company has a market capitalization of $133.83 million, a P/E ratio of -3.10 and a beta of 0.71. Adamis Pharmaceuticals has a 12-month low of $2.20 and a 12-month high of $5.10.
Adamis Pharmaceuticals Company Profile
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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