tsla

Penny Stock Up on Birth Control Buzz

Cantor Fitzgerald's price target is more than double EVFM's price

Digital Content Manager
Dec 17, 2018 at 10:51 AM
facebook X logo linkedin


Successful late-stage results for its experimental birth control, Amphora, have Evofem Biosciences Inc (NASDAQ:EVFM) stock up in early trading. If approved by regulators, the gel-based, hormone-free birth control would be the first of its kind -- news that has EVFM shares up nearly 20% to trade at $4.24. The stock earlier peaked at $4.90 -- the highest it's been since early September.

Analysts have hope for the drug company, too. Roth Capital Partners said today's data "pave(s) the way for Amphora's disruption of the contraception market." Meanwhile, Cantor Fitzgerald waxed optimistic on Evofem Biosciences' data, with an "overweight" rating and $9 price target -- more than double the stock's current price. That echoes the high hopes of other analysts, as the consensus 12-month price target sits at $10.40, and all five analysts following EVFM give it a "buy" or better rating. 

Even with today's bull gap, EVFM is down more than 60% year-to-date. The stock has more than doubled since its Aug. 2 low of $1.79, but rebound attempts have stalled just below the $5 area, where the shares were trading before a May bear gap. However, today's rally has the stock on pace to break north of a recent ceiling at the $4 level. 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.