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Today's stock - Zynerba Pharmaceuticals


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-data/state-marijuana-laws-map-medical-recreational.html)
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


Chota βeta

https://www.blogger.com/profile/18237577251303743559

1 comment:

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