EVFM 53X Upside potential according to Morgan Stanley !EVFM Evofem Biosciences has a big upcoming catalyst:
Its Phase 3 clinical trial evaluating Phexxi for the prevention of chlamydia and gonorrhea in women is on track to report top-line data from this landmark trial in mid-October, so we are one week away from results!
Positive study outcomes would enable potential U.S. approval for prevention of these sexually transmitted infections in 2023.
Evofem`s Phexxi whas already approved in Nigeria, the most populous country in Africa and the seventh largest country in the world, 3 days ago.
On 4/12/2022 Jeffrey Hung from Morgan Stanley Boosted the Price Target for EVFM to Underweight, from $7.95 to $8.55.
On 8/15/2022 HC Wainwright Boosted the Price Target to $4.00, giving a Buy Rating.
Now the stock is trading at all time low, $0.16, while 4 months ago it was trading 10X higher.
In my opinion this is a premium call and a great buy opportunity ahead of a Big upcoming catalyst for EVFM Evofem Biosciences.
Looking forward to read your opinion about it.
EVFM
$EVFM Only FDA Approved Hormone-Free Contraceptive on the Market$EVFM produces the only FDA approved hormone-free contraceptive & developing products preventing STIs & HIV. Phase 3 trial results coming later this year. High demand for contraceptives after Roe v. Wade was overturned.
www.cnn.com
$EVFM Reversal or fake break out?Recent Political stuff added to the crazy bear market , i can see from the indicators a reversal is in progress and will continue!
Im not a financial advisor and this is crayons 101
Cheers!
More than %50 in one month!A dramatic sharp increase is expected, recommended for mid-term, growing up to around 30-35.
Evofem is another drop we are prognosing. EVFM
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
EVFMCongrats to those that took full advantage of EVFM. The stock closed up 19% on Friday closing the huge gap that I mentioned on May 30th "This penny stock could make a huge move to the upside. Keep it on your watch list. A break of 87c with force might give the stock room to +$1.2". I sold all my shares yesterday.
EVFMEvofem Biosciences Inc (NASDAQ:EVFM) was on my list a few days ago, and has been slowly trying to make a move up. Volume starts to pick up again. This penny stock could make a huge move to the upside. Keep it on your watch list. A break of 87c with force might give the stock room to +$1.2
EVFMEvofem Biosciences Inc (NASDAQ:EVFM) Keeping my eye on this one. Nice candle yesterday on decent volume. Volume gap area.
EVFM possible breakout soon?Been watching EVFM for a while now, I am new to chart analysis but wanted to share a few ideas. EVFM recently launched their new product PHEXXI and with that I wonder if it will stimulate the price action with upcoming earnings report. First line of resistance to break is around $2.40 and after that somewhere around 2.70. Any ideas fellas?
EVFM daily chart - GAP UP playOne of my favorite chart plays is the gap up play. This hit my radar last week and I plan on starting a small position Monday morning. Also has a solid support line and has been consistently trading inside the pattern. A high volume day and we should see it gap up without any problems.
#EVFM - $40 Surreal Targetsit might be unrealistic target but nothing is impossible, it might close that gap one day !
Up trend after offering $EVFMwe should see $8 before september , hopefully they will do good job after offering
$16 then to the moon in a monthI am not sure exactly when we can see 3 digits for EVFM because of current virus situation BUT this company going to be major player in the birth control market !!!