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Forma Therapeutics Holdings, Inc is currently in a long term downtrend where the price is trading 30.6% below its 200 day moving average.
From a valuation standpoint, the stock is 89.0% cheaper than other stocks from the Healthcare sector with a price to sales ratio of 147.4.
Based on the above factors, Forma Therapeutics Holdings, Inc gets an overall score of 1/5.
Sector | Healthcare |
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Industry | Biotechnology |
ISIN | US34633R1041 |
Exchange | NASDAQ |
CurrencyCode | USD |
Market Cap | 1B |
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PE Ratio | None |
Target Price | 21 |
Dividend Yield | 0.0% |
Beta | -0.95 |
Forma Therapeutics Holdings, Inc., a clinical-stage biopharmaceutical company, focuses on development and commercialization of novel therapeutics for treatment of rare hematologic diseases and cancers. Its core product candidates for development include FT-4202, which is Phase 1 trial for the treatment of sickle cell disease and other hemoglobinopathies; and FT-7051 for the treatment of metastatic castration-resistant prostate cancer. The company is also developing Olutasidenib, a selective inhibitor for cancers with isocitrate dehydrogenase 1 gene mutations, which is in Phase II trial for the treatment of relapsed/refractory acute myeloid leukemia and Phase I trial to treat glioma; and FT-8225, a liver-targeted fatty-acid synthase inhibitor designed to block de novo lipogenesis in the liver. Forma Therapeutics Holdings, Inc. was founded in 2007 and is headquartered in Watertown, Massachusetts. As of October 14, 2022, Forma Therapeutics Holdings, Inc. operates as a subsidiary of Novo Nordisk A/S.
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