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Diamedica Therapeutics ( (DMAC) ) has issued an announcement.
DiaMedica Therapeutics has successfully closed a $30.1 million private placement of common shares, enhancing its financial position with net proceeds of approximately $29.9 million. This strategic move, which involved significant participation from related parties, aims to bolster the company’s ongoing research and development efforts, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (DMAC) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Diamedica Therapeutics stock, see the DMAC Stock Forecast page.
Spark’s Take on DMAC Stock
According to Spark, TipRanks’ AI Analyst, DMAC is a Neutral.
Diamedica Therapeutics faces significant financial hurdles with no revenue and rising net losses, leading to a low financial performance score. Technical analysis presents mixed signals, adding uncertainty. Despite this, the company’s optimistic guidance and significant progress in clinical trials offer some potential, reflected in a moderate earnings call score. However, the speculative nature of its valuation due to the absence of earnings and dividends remains a key risk.
To see Spark’s full report on DMAC stock, click here.
More about Diamedica Therapeutics
DiaMedica Therapeutics Inc. is a clinical-stage biopharmaceutical company that focuses on developing novel treatments for conditions such as preeclampsia, fetal growth restriction, and acute ischemic stroke.
Average Trading Volume: 225,795
Technical Sentiment Signal: Buy
Current Market Cap: $197.3M
See more insights into DMAC stock on TipRanks’ Stock Analysis page.