NasdaqCM:OTLKBiotechs
Outlook Therapeutics (OTLK) Stock Looks Cheap On Hope But Pricey On Book Value
Outlook Therapeutics stock has had a very weak run over the past five years, yet recent FDA approval for its lead drug has put fresh attention on whether the current US$1.00 share price is justified given the broader valuation checks.
The share price has declined 97.9% over the past five years, which means long term holders have absorbed very heavy losses that set a low base for any future rerating.
The recent FDA approval of LYTENAVA for wet age related macular degeneration can support...