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Should Investors Exit From This NASDAQ-Listed Pharmaceutical Stock – ACRX
AcelRx Pharmaceuticals, Inc.
AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX) is a specialty pharmaceutical company that develops and commercializes medications in medically supervised settings. Two of the company's medicines for moderate-to-severe acute pain are DSUVIA and Zalviso. ARX-02 and ARX-03 are two forthcoming products from the firm.
Why should Investors make an Exit?
Valuation Methodology: Price/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
ACRX's share price has remained on a bearish trend, fallen 82.41% in the past twelve months and is currently leaning close to the lower end of its 52-week range of USD 0.27 to USD 1.72. We have valued the stock using the Price/ Sales multiple based on relative valuation methodology and arrived at a target price of USD 0.23.
Based on the continuous losses, decline in topline, macro headwinds, current valuation, and bearish technical indicators, we recommend a "Sell" rating on the stock at the current price of USD 0.2832, up 1.36%, as of March 30, 2022.
Three-Year Technical Price Chart (as of March 30, 2022). Source: REFINITIV, Analysis by Kalkine Group
*All forecasted figures and Industry Information have been taken from REFINITIV.
*The reference data in this report has been partly sourced from REFINITIV.