Replies to post #364252 on Anavex Life Sciences Corp (AVXL)

[Investor2014]

Dawson James is only 1 magnitude off, if anyone understands what that means :-)

[georgejjl]

If Dawson James predicts AVXL earnings per share of $15.23 for 2024 with say a conservative share price to earnings of say 20, then the are predicting a share price for AVXL to be??? In 2024???

Good luck and GOD bless,

[georgejjl]

Let's spend some time on this AVXL stock discussion board thinking and discussing about the Dawson James predictions of earrings per share for the next fe years.

Dawson James put out an updated report on AVXL back on June 15th (not sure if anyone here already posted it) and reiterated their Buy rating with a $39 price target.

As you can see, their EPS estimates are as follows:
FY2022 earnings at ($0.57) EPS
FY2023 earnings at $0.78 EPS
FY2024 earnings at $15.23 EPS
FY2025 earnings at $19.52 EPS
FY2026 earnings at $19.88 EPS

The trailing 3-year average P/E ratio for biotech companies is just under 19. Based upon their estimates (and maxing out the 100M shares), it appears that a $230+ share price by the end of 2024 would not be of any surprise to them. Nowhere near the $1249 (or $2498) that some here fully expect, but it's a start! hehe

https://dawsonjames.com/wp-content/uploads/2022/06/AVXL.6.15.22-final1.pdf

Good luck and GOD bless,