BioSante Pharmaceuticals Inc. is an AMEX listed security that has been trading in a range between $1.48 and $7.71 over the past year. With 23,475,950 shares outstanding, a recent price of $6.69 gives a total market capitalization of $155,880,305. While there are certainly larger companies, BioSante Pharmaceuticals Inc. has definitely earned its place in the pack. Last year, BioSante Pharmaceuticals Inc. created $0.22 in earnings for every share outstanding.
BioSante Pharmaceuticals Inc. is currently priced by the market at 30.90 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, BioSante Pharmaceuticals Inc. could be an interesting value proposition.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment