Hidden GEM among the biotech breakdown I've bee
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Posted On: 04/09/2021 12:02:06 PM
Hidden GEM among the biotech breakdown
I've been watching this one for a couple weeks and I see the possible capitulation on downside today so I started a position. Some very high quality biotech's have been pulled down with the sector and this one has the best set-up imo. Coherus BioSciences, Inc. (NASDAQ: CHRS)
Market Cap: 1.03B
Sales: $475M
Net Income: $132.2M
P/E: 8.75
Shares O/S: 73M
Shares in float: 64.13M
Shares short (Float) 21.17% Note* this number has been going down slightly signaling process of covering. Now that usually is mandated by the 15th or1st of the month. With the 15Th approaching this could get interesting. Note also the RSI (14) is at 33.64 which is extremely oversold.
The last 3 years CHRS has had high revenue and EPS growth.
I am currently putting together some DD now on their pipeline and commercial products. Up vote if you want to see this report.
Not investment advice. I love the stock. I own commons and calls.
I've been watching this one for a couple weeks and I see the possible capitulation on downside today so I started a position. Some very high quality biotech's have been pulled down with the sector and this one has the best set-up imo. Coherus BioSciences, Inc. (NASDAQ: CHRS)
Market Cap: 1.03B
Sales: $475M
Net Income: $132.2M
P/E: 8.75
Shares O/S: 73M
Shares in float: 64.13M
Shares short (Float) 21.17% Note* this number has been going down slightly signaling process of covering. Now that usually is mandated by the 15th or1st of the month. With the 15Th approaching this could get interesting. Note also the RSI (14) is at 33.64 which is extremely oversold.
The last 3 years CHRS has had high revenue and EPS growth.
I am currently putting together some DD now on their pipeline and commercial products. Up vote if you want to see this report.
Not investment advice. I love the stock. I own commons and calls.
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