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H.C. Wainwright Thinks Celyad’s Stock is Going to Recover

H.C. Wainwright analyst Edward White maintained a Buy rating on Celyad (CYADResearch Report) today and set a price target of $13.00. The company’s shares closed last Thursday at $4.19, close to its 52-week low of $3.53.

According to TipRanks.com, White is a 4-star analyst with an average return of 7.8% and a 36.8% success rate. White covers the Healthcare sector, focusing on stocks such as Spectrum Pharmaceuticals, Silverback Therapeutics, and Karyopharm Therapeutics.

Celyad has an analyst consensus of Moderate Buy.

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Celyad’s market cap is currently $92.64M and has a P/E ratio of -3.30. The company has a Price to Book ratio of 4.55.

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Celyad SA is a clinical-stage biopharmaceutical company, which engages in the development of cell-based therapies for the treatment of cancer. It operates through the following segments: Cardiology, Immuno-oncology, and Corporate. The Cardiology segment includes the company’s Cardiopoiesis, Corquest, and C-Cathez platforms. The Immuno-oncology segment consists of all assets developed based on the CAR-T cell platform. The company was founded by Michel Lussier, William Wijns, and Christian Homsy on July 24, 2007 and is headquartered in Mont-Saint-Guibert, Belgium.

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