Analyst: This Penny Stock Could Triple

The analyst is optimistic about Chiasma's Mycapssa prospects

Mar 7, 2019 at 12:49 PM
facebook X logo linkedin

The shares of Chiasma Inc (NASDAQ:CHMA) are modestly higher today, after the pharma stock scored a very bullish brokerage note. Specifically, Cantor Fitzgerald launched coverage of CHMA with an "outperform" rating and $18 price target -- more than three times the equity's current price, and in territory not charted in three years. The analyst waxed optimistic on the prospects for Chiasma's Mycapssa, and said the "current entry point [looks] attractive for investors."

At last check, CHMA stock was up 0.9% at $5.89, after soaring to a fresh two-year high of $6.14 out of the gate. The stock is now set for its highest close since a massive bear gap in April 2016 -- sparked by a Food and Drug Administration (FDA) rejection for the company's oral treatment for acromegaly --  and has already soared nearly 400% since bottoming at $1.20 in mid-August.

 CHMA stock chart march 7

Chiasma stock is no stranger to bullish analyst attention, though. All four brokerage firms following CHMA deem it worthy of a "buy" or better, and the consensus 12-month price target of $14.25 represents expected upside of more than 140% to the equity's current price.

Short interest, meanwhile, is near 52-week lows. Less than 0.2% of CHMA's stock is dedicated to short interest, representing not even a day of pent-up buying demand, at the security's average pace of trading.


Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!