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1 Comment
Race Oncology Limited is currently in a long term uptrend where the price is trading 39.3% above its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Healthcare sector with a price to sales ratio of 0.0.
Race Oncology Limited's total revenue rose by 273.9% to $11K since the same quarter in the previous year.
Its net income has dropped by 37.1% to $-2M since the same quarter in the previous year.
Finally, its free cash flow fell by 39.0% to $-592K since the same quarter in the previous year.
Based on the above factors, Race Oncology Limited gets an overall score of 3/5.
Sector | Healthcare |
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Industry | Biotechnology |
Exchange | AU |
CurrencyCode | AUD |
ISIN | AU000000RAC3 |
Market Cap | 210M |
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PE Ratio | None |
Target Price | 6.37 |
Beta | 2.13 |
Dividend Yield | None |
Race Oncology Limited, a clinical stage biopharmaceutical company, focuses on addressing the unmet needs of cancer patients for damaging treatments. The company's lead product is bisantrene, a small molecule chemotherapeutic that has a clinical history with demonstrated therapeutic benefits in adult and paediatric patients. It is advancing reformulated bisantrene (RC220) to address the unmet need of patients across various oncology indications with a clinical focus on anthracycline combination to deliver cardioprotection and enhanced anticancer activity in solid tumors. The company is also exploring RC220 as a low intensity treatment for acute myeloid leukaemia. In addition, it is investigating the effect of bisantrene on the m6A RNA pathway, following independent research identifying bisantrene as the potent inhibitor of fat mass and obesity-associated protein. The company has collaborations with Astex, City of Hope, MD Anderson, Sheba City of Health, UNC School of Medicine, University of Wollongong, and University of Newcastle. The company was formerly known as Coronado Resources Limited. Race Oncology Limited was incorporated in 2011 and is headquartered in Sydney, Australia.
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