|From: msgreenacres (Rep: 519)||Date: 08/02/2018 17:10|
|Forum: OPGEN INC - Msg #1077||Thread #674025734 (Rec: 0) |
|OPGN Let me post some DD old and new, based on today's conference call. E's were a beat|
This is analysis from earlier this year from Wainright: Analyst Raghuram Selvaraju commented, " In January 2018, OpGen implemented a 1-for-25 reverse stock split of its common shares to qualify the shares for continued listing on the Nasdaq Capital Market. The split effectively reduces the number of shares outstanding from approximately 56.5M to 2.3M shares. OPGN shares started trading on a split-adjusted basis from January 19, 2018. We maintain our valuation of the company with a market value at $75M. However, our projected shares outstanding in 12 months are now roughly 8M as of the end of 2018. This translates to a per share value of approximately $9. Therefore, we reiterate our Buy rating and are adjusting the 12-month price target to $9 per share post-split from $1 per share pre-split."
These are my opinions. Please do your own DD :) Happy Trading
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