Analyst Rating DowngradeDue to the company's current share price and market cap, the analyst believes it is prudent to downgrade the rating from Buy to Neutral without a price target.
Capital RequirementsThe company needs to raise a significant amount of capital to complete the eAArly DETECT 2 and a pivotal study before regulatory submission.
Financial ChallengesNet loss totaled $11.0M in the first half of the year, with revenue being only $0.5M, indicating financial challenges.