Adial Pharmaceuticals (ADIL) Receives a Buy from Maxim Group

In a report released yesterday, Jason McCarthy from Maxim Group maintained a Buy rating on Adial Pharmaceuticals (ADILResearch Report), with a price target of $5.00. The company’s shares closed last Tuesday at $1.21, close to its 52-week low of $1.13.

According to TipRanks.com, McCarthy is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -41.3% and a 10.3% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Brainstorm Cell Therapeutics, Brooklyn ImmunoTherapeutics, and SELLAS Life Sciences Group.

Currently, the analyst consensus on Adial Pharmaceuticals is a Moderate Buy with an average price target of $8.50, a 569.3% upside from current levels. In a report issued on June 15, Brookline Capital Markets also reiterated a Buy rating on the stock with a price target.

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The company has a one-year high of $5.08 and a one-year low of $1.13. Currently, Adial Pharmaceuticals has an average volume of 180.2K.

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Adial Pharmaceuticals, Inc. operates as a clinical stage biopharmaceutical company, which is focused on the treatment of alcohol use disorder. Its lead product AD04, a selective serotonin-3 antagonist is in Phase 3 clinical trial. The company was founded by Bankole A. Johnson in November 2010 and is headquartered in Charlottesville, VA.

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