QQQ   438.03 (-1.65%)
AAPL   175.14 (+0.06%)
MSFT   421.23 (-1.57%)
META   513.75 (-1.80%)
GOOGL   157.87 (-0.97%)
AMZN   185.79 (-1.72%)
TSLA   171.09 (-2.01%)
NVDA   887.98 (-2.01%)
AMD   162.70 (-4.57%)
NIO   4.11 (-7.85%)
BABA   72.05 (-3.74%)
T   16.34 (-0.49%)
F   12.60 (-3.37%)
MU   122.54 (-3.90%)
GE   154.27 (-1.99%)
CGC   7.96 (-2.33%)
DIS   114.28 (-2.45%)
AMC   2.69 (-3.93%)
PFE   25.91 (-1.63%)
PYPL   64.82 (-1.49%)
XOM   121.55 (-0.20%)
QQQ   438.03 (-1.65%)
AAPL   175.14 (+0.06%)
MSFT   421.23 (-1.57%)
META   513.75 (-1.80%)
GOOGL   157.87 (-0.97%)
AMZN   185.79 (-1.72%)
TSLA   171.09 (-2.01%)
NVDA   887.98 (-2.01%)
AMD   162.70 (-4.57%)
NIO   4.11 (-7.85%)
BABA   72.05 (-3.74%)
T   16.34 (-0.49%)
F   12.60 (-3.37%)
MU   122.54 (-3.90%)
GE   154.27 (-1.99%)
CGC   7.96 (-2.33%)
DIS   114.28 (-2.45%)
AMC   2.69 (-3.93%)
PFE   25.91 (-1.63%)
PYPL   64.82 (-1.49%)
XOM   121.55 (-0.20%)
QQQ   438.03 (-1.65%)
AAPL   175.14 (+0.06%)
MSFT   421.23 (-1.57%)
META   513.75 (-1.80%)
GOOGL   157.87 (-0.97%)
AMZN   185.79 (-1.72%)
TSLA   171.09 (-2.01%)
NVDA   887.98 (-2.01%)
AMD   162.70 (-4.57%)
NIO   4.11 (-7.85%)
BABA   72.05 (-3.74%)
T   16.34 (-0.49%)
F   12.60 (-3.37%)
MU   122.54 (-3.90%)
GE   154.27 (-1.99%)
CGC   7.96 (-2.33%)
DIS   114.28 (-2.45%)
AMC   2.69 (-3.93%)
PFE   25.91 (-1.63%)
PYPL   64.82 (-1.49%)
XOM   121.55 (-0.20%)
QQQ   438.03 (-1.65%)
AAPL   175.14 (+0.06%)
MSFT   421.23 (-1.57%)
META   513.75 (-1.80%)
GOOGL   157.87 (-0.97%)
AMZN   185.79 (-1.72%)
TSLA   171.09 (-2.01%)
NVDA   887.98 (-2.01%)
AMD   162.70 (-4.57%)
NIO   4.11 (-7.85%)
BABA   72.05 (-3.74%)
T   16.34 (-0.49%)
F   12.60 (-3.37%)
MU   122.54 (-3.90%)
GE   154.27 (-1.99%)
CGC   7.96 (-2.33%)
DIS   114.28 (-2.45%)
AMC   2.69 (-3.93%)
PFE   25.91 (-1.63%)
PYPL   64.82 (-1.49%)
XOM   121.55 (-0.20%)

Apexigen Stock Soars After Analyst Rating, Is It Time to Buy?

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Apexigen Stock Soars After Analyst Rating, is it Time to Buy?

Key Points

  • Apexigen stock is soaring after a bullish analyst rating. 
  • The company is working on developing a new generation of antibody therapeutics for the treatment of cancer. 
  • A bullish rating highlights the benefit if the company successfully gets a candidate through clinical trials. 
  • Penny stock companies carry outsized risk, particularly because they may need to raise capital which can be dilutive for investors.  
  • 5 stocks we like better than Apexigen

Apexigen Inc. NASDAQ: APGN stock hit a limit up, limit down (LULD) pause early in the trading session on January 9. The catalyst is a bullish analyst rating from E.F. Hutton Acquisition Corporation NASDAQ: EFHTU. The firm gave Apexigen a Buy rating with an $8 price target.  

Apexigen is “a clinical-stage biopharmaceutical company that is discovering and developing a new generation of antibody therapeutics for the treatment of cancer with an emphasis on new immno-oncology products.”  

While the words “treatment of cancer” will (and should) grab investors’ attention, you should also be aware of the words “clinical-stage” before you consider buying into this rally for APGN stock. For penny stocks like Apexigen, analyst ratings can give legitimacy to a stock. And that seems to be largely what’s happening right now. 

The Vanguard of Cancer Research

That’s not to say the company doesn’t have a compelling story. Few diseases grab the attention of investors as much as cancer. That’s because it’s hard to find a single person who hasn’t been touched by this disease. Many advancements have been made. But a cure is still elusive.  

What makes Apexigen distinct is the approach it is taking. The company aims to use the body’s immune system “to combat and eradicate cancer.”  

That’s a bold claim. But one the company is backing up. They are trying to create novel immuno-cology drugs to serve one of two functions. Either they will specifically block the immuno-suppression induced by tumors, or they will “actively initiate and augment an immuno response against tumors.”  

The company attempts to use a patient’s immune system “to eliminate tumors and prevent their recurrence.” 

But the company does not have a product in the market now. However, in November 2022, the company reported positive data from two early-stage clinical trials for sotigalimab, Apexigen’s agonist antibody targeting CD40. According to the National Library of Medicine, CD40 is a co-stimulatory molecule expressed on a range of immune cells and transformed cells in malignant states. Signaling CD40 plays a critical role in modulating adaptive immune responses. 


What Is the Reward? 

As mentioned above E.F. Hutton recently assigned a price target of $8 to Apexigen’s stock. That would be a gain of over 300% from the current price. This means that the analyst firm is confident that the company will keep delivering positive results in clinical trials for Sotigalimab. And that’s not the only treatment in the company’s pipeline.  

However, the sky is the limit when it comes to delivering game-changing cancer treatment. Undoubtedly that has risk-tolerant investors excited about the possibility of getting in on APGN stock at just over $1 per share. 

Plus, Apexigen is still, for now, a small-cap stock. Small-cap stocks have a history of leading investors out of bear markets.  

What Are the Risks?  

Apexigen is not only still in the red but also a pre-revenue company. That means there’s always the chance that the company may need to raise capital.  

For penny stock companies, that sometimes means taking actions such as a reverse stock split. When this happens, shareholders receive 1 share at the new price for every X shares they own (typically between 10-25) at the original price.  

Keep in mind there’s no sign that Apexigen is planning for this. Typically, this only occurs if the company cannot keep its share price above $1 for at least 10 consecutive trading days. The stock only fell below this threshold in December 2022. And this latest surge pushed APGN stock well above $1. If this holds, investors may have more confidence in holding the stock for the long term.  

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Should you invest $1,000 in Apexigen right now?

Before you consider Apexigen, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apexigen wasn't on the list.

While Apexigen currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Apexigen (APGN)
0 of 5 stars
$0.39flatN/AN/AN/A
EF Hutton Acquisition Co. I (EFHTU)
0 of 5 stars
$10.10-1.9%N/AN/AN/A
Compare These Stocks  Add These Stocks to My Watchlist 

Chris Markoch

About Chris Markoch

  • CTMarkoch@msn.com

Editor & Contributing Author

Retirement, Individual Investing

Experience

Chris Markoch has been an editor & contributing writer for MarketBeat since 2018.

Areas of Expertise

Value investing, retirement stocks, dividend stocks

Education

Bachelor of Arts, The University of Akron

Past Experience

InvestorPlace


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