Enanta Pharmaceuticals Inc (ENTA)

[Rocky3]

ENTA's EV at the current share price ($41.58)=~$750M—down sharply from ~$1.4B three months ago.

If there's a better $750M-EV biotech stock out there, I don't know what it is.

Part of the the EV decrease is from the loss for 3 months (~$25MM), and they have guided for another $175MM+ loss in the next 12 months. The market is a discounting mechanism, and one where each person makes a bet of one kind or another. Your bet is that something will happen to produce income in the future. I am not prepared to make that bet yet (though not willing to bet against it either). I prefer bets that MRK, BMY, GILD, and ABBV will continue to produce income longer than the market is saying today (plus they are paying me while I wait).