Zynerba Pharmaceuticals, Inc. (ZYNE)
ZYNE is a pharmaceutical company which develops cannabis
related drugs. Incidentally, the time is perfect right now, with a lot of
states legalizing cannabis. What this does is open up the market for
cannabinoid and cannabis for both recreational and commercial drug use.
From the map, you can very well see the laws regarding marijuana in the
country. (Source: http://www.governing.com/gov-
For the last 5-6 months, Pharmaceutical companies have done
very well. On top of it, if you observe the cannabis related pharmaceutical
companies and the stock growth in the last 6 months:
STOCK
|
6 MONTH DELTA %
|
AbbVie Inc. (NYSE: ABBV)
|
-7.488392991
|
Aurora Cannabis Inc. (ACB.CN) (OTC:
ACBFF)
|
302
|
Cara Therapeutics Inc. (NASDAQ: CARA)
|
140.7830343
|
GW Pharmaceuticals plc (NASDAQ: GWPH)
|
55.60758886
|
INSYS Therapeutics Inc. (NASDAQ: INSY)
|
-32.72727273
|
Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE)
|
117.0756646
|
Majority of them have done exceedingly well, thanks to the
relaxation of the marijuana laws.
A thing to remember about drug companies is not their
earnings, but the pipeline of drugs in the making, and the credibility and
success of their drug tests.
A stock pops if:
- It has a drug
in the pipeline which has yet to be tested.
- It is
currently in testing and the results aren’t out.
- It is tested
and the results were successful
A stock however fails if:
- The test
fails.
ZYNE has a trial of their most important product (ZYNE001)
in mid-2017. It is no wonder the stock is doing so well. ZYNE002 begins drug
tests in the first half of 2017. Also the company’s CBD gel is the first and
the only synthetic CBD formulated as a patent protected permeation enhanced
gel.
With the current rate of progress, the stocks seems like a
perfect purchase till around July 2017. I think it should hit 30, so a 30%
increase is left in it at the very least. If the results of ZYNE002 are
positive, it will even grow further.
Be warned that the stock has a very high beta, so be ready
to see some erratic reds and greens. It surely is a stock which keeps you on
your toes.
(source: yahoo finance)
Here is my portfolio with ZYNE as a part of it. Let us
observe the growth till July 2017, so that we can let the numbers speak for
themselves.
Chota βeta's portfolio:
TICKER
|
PRICE
|
QUANTITY
|
COST
|
TODAY's
VALUE
|
%
CHANGE
|
ZYNE
|
22.51
|
27
|
607.77
|
22.51
|
0
|
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