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H.C. Wainwright Sticks to Their Buy Rating for scPharmaceuticals (SCPH)

H.C. Wainwright analyst Douglas Tsao reiterated a Buy rating on scPharmaceuticals (SCPHResearch Report) today and set a price target of $15.00. The company’s shares closed last Friday at $6.52.

Tsao covers the Healthcare sector, focusing on stocks such as Apellis Pharmaceuticals, RVL Pharmaceuticals, and Roivant Sciences. According to TipRanks, Tsao has an average return of 1.2% and a 38.29% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for scPharmaceuticals with a $10.33 average price target.

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SCPH market cap is currently $178.7M and has a P/E ratio of -5.70.

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scPharmaceuticals, Inc.engages in the development of transformative pharmaceutical products for subcutaneous delivery. Its products include furosemide, used as parenteral diuretic in treating heart failure and ceftriaxone, used as parenteral antibiotic outside the hospital setting. The company was founded by Pieter Muntendam and Bertram Pitt in February 2013 and is headquartered in Burlington, MA.

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