Oramed Pharmaceuticals Inc. with ticker code (ORMP) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 23 and 6 with the average target price sitting at 12.6. With the stocks previous close at 4.4 this would indicate that there is a potential upside of 186.4%. The 50 day moving average now sits at 3.47 and the 200 day moving average is 3.38. The company has a market cap of $106m. Company Website: http://www.oramed.com
Oramed Pharmaceuticals Inc. engages in the research and development of pharmaceutical solutions for the treatment of diabetes and for the use of orally ingestible capsules or pills for delivery of polypeptides. Its proprietary flagship product is the ORMD-0801, an orally ingestible insulin capsule, which completed phase II clinical trials for the treatment of individuals with diabetes. It is also developing ORMD-0901, an oral glucagon-like peptide-1 capsule that has completed phase I clinical trials for the treatment of type 2 diabetes; and a weight loss treatment in the form of an oral leptin capsule. The company was formerly known as Integrated Security Technologies and changed its name to Oramed Pharmaceuticals Inc. in April 2006. Oramed Pharmaceuticals Inc. was founded in 2002 and is based in New York, New York.