Strong Buy
Big ACRX Move!
Two big days for ACRX. Up 24% yesterday, then 30% today... from .78c to $1.24. If you are interested in this stock, I sincerely believe this is just the beginning. Most analysts PT is $7-8.
What is the catalyst for this move? I believe it is the DoD Milestone C meeting, which presages DoD purchase of DSUVIA, the realization that the recent acquisition of Tetraphase was an outstanding strategic move, and that the stock is tremendously underpriced.
I've posted 3 links to documents (425s) recently provided by ACRX above. 1) ACRX Overview - provided 3/25/20 2) ACRX Earnings and Tetraphase Acquisition Call, 3) ACRX Earnings and 4th Qtr Financials. I recommend you look at all three of them.
Anyone else have any thoughts to share on where we go with ACRX?