3 Beaten-Up Biotech Stocks: Are They Bargains?
The iShares Nasdaq Biotechnology Index has tacked on a healthy gain of around 15% so far this year, without any help from Celldex Therapeutics, Inc. (NASDAQ: CLDX), Agenus Inc. (NASDAQ: AGEN), or Progenics Pharmaceuticals, Inc. (NASDAQ: PGNX). All three of these relatively small biotechs have slipped by double-digit percentages in 2017.
Is the pessimism justified, or has the market underestimated the potential value drivers within these companies' drug development pipelines? Let's take a cool-headed look at each to see if there's something for long-term value investors to get excited about.
Beaten-down prices for these biotech stocks suggest value opportunities ahead. Image source: Getty Images.
Source: Fool.com
Celldex Therapeutics Stock
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-5.270%
Currently there is a rather positive sentiment for Celldex Therapeutics with 18 Buy predictions and 3 Sell predictions.
As a result the target price of 40 € shows a slightly positive potential of 10.13% compared to the current price of 36.32 € for Celldex Therapeutics.
