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Stock impact report

Analysts Are Optimistic We'll See A Profit From Fennec Pharmaceuticals Inc. (NASDAQ:FENC) [Yahoo! Finance]

Fennec Pharmaceuticals Inc. (FENC) 
Last fennec pharmaceuticals inc. earnings: 11/12 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Fennec Pharmaceuticals Inc. operates as a biopharmaceutical company. With the latest financial year loss of US$24m and a trailing-twelve-month loss of US$20m, the US$256m market-cap company alleviated its loss by moving closer towards its target of breakeven. As path to profitability is the topic on Fennec Pharmaceuticals' investors mind, we've decided to gauge market sentiment. We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate. View our latest analysis for Fennec Pharmaceuticals Consensus from 5 of the American Biotechs analysts is that Fennec Pharmaceuticals is on the verge of breakeven. They expect the company to post a final loss in 2023, before turning a profit of US$8.1m in 2024. The company is therefore projected to breakeven around a year from now or less! How fast will the company have to grow to reach the consensus forecasts that anticipate breakeven by 2024? Working backwards from analy Show less Read more
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