
Fennec Pharmaceuticals (FENC) Stock Forecast & Price Target
Fennec Pharmaceuticals (FENC) Analyst Ratings
Bulls say
Fennec Pharmaceuticals Inc. has shown improvement in its convertible debt position through a partial early repayment, reflecting prudent cash management as the company moves closer to cash flow break-even status. The company's enhanced commercial leadership team and strategic focus on penetrating the adolescent and young adult market, along with strong product adoption at notable academic centers, signal positive growth potential. Furthermore, the favorable guidance from the National Institute for Health and Care Excellence for its product, PEDMARQSI, in Europe underscores Fennec's expanding market opportunities and reinforces a positive outlook for future revenue generation.
Bears say
Fennec Pharmaceuticals Inc. experienced a decline in product revenue, reporting only $7 million, which reflects a decrease compared to the previous quarter, indicating challenges in commercial uptake. The company forecasts a net loss of $0.13 per share for the full year 2024, while the reported net loss for the third quarter was $0.21 per share, showing ongoing financial distress. Additionally, the company faces partnership risks related to its relationship with Norgine and potential long-term competitive landscape challenges, which could further impede its path to profitability.
This aggregate rating is based on analysts' research of Fennec Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.
Fennec Pharmaceuticals (FENC) Analyst Forecast & Price Prediction
Start investing in Fennec Pharmaceuticals (FENC)
Order type
Buy in
Order amount
Est. shares
0 shares