Is Inovio Pharmaceuticals a Buy?
Poring through the many small-cap biotechs out there, investors might have picked up on a company called Inovio Pharmaceuticals (NASDAQ: INO). With a market cap of just $260.5 million, this little biotech stock has lost around three-quarters of its market value over the past five years. However, out of the seven or so Wall Street analysts covering the stock right now, all of them have buy ratings on Inovio, with an average price target of $8.71. This would suggest an impressive 335% upside, but is this really justified?
Despite the stock's poor historic performance, analysts seem to be quite optimistic about Inovio's portfolio of drug candidates, most of which are currently in phase 2 clinical trials. Let's take a closer look at Inovio's drug pipeline, its financial position, and whether you should consider adding Inovio to your portfolio.
Image source: Getty images.
Source Fool.com
