
Dare Bioscience (DARE) Stock Forecast & Price Target
Dare Bioscience (DARE) Analyst Ratings
Bulls say
Dare Bioscience Inc. has demonstrated noteworthy financial progress, highlighted by a significant reduction in operating loss, decreasing from $8.4 million to $4.7 million in the third quarter of 2023, which surpassed expectations. The company has secured substantial funding, including a $10.7 million grant for the development of a novel non-hormonal contraceptive and expansion of its Ovaprene pivotal study, signaling strong investor confidence and support for its initiatives. Furthermore, the probability of success for its pipeline products, particularly Ovaprene at 60%, suggests promising advancement within their clinical development, positioning Dare well within the competitive landscape of women's health.
Bears say
Dare Bioscience Inc. reported a diluted loss per share of $0.55 for the latest quarter, which was below both the analyst estimate and the broader market consensus, highlighting ongoing financial challenges. A significant decrease in R&D expenses, down 60.2% year-over-year to $2.7 million, raises concerns about the company's commitment to product development, especially regarding its key candidates, Sildenafil Cream and Ovaprene. Additionally, third-quarter revenue was disappointing, coming in below estimates at $1 million compared to the $3.1 million forecast, further indicating potential difficulties in revenue generation and growth prospects for the company in the near term.
This aggregate rating is based on analysts' research of Dare Bioscience and is not a guaranteed prediction by Public.com or investment advice.
Dare Bioscience (DARE) Analyst Forecast & Price Prediction
Start investing in Dare Bioscience (DARE)
Order type
Buy in
Order amount
Est. shares
0 shares