Edesa Biotech Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Edesa Biotech stock has a target of 21, which predicts an increase of 909.62% from the current stock price of 2.08.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$21	$21	$21	$21
Change	+909.62%	+909.62%	+909.62%	+909.62%

* Price targets were last updated on Aug 20, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for Edesa Biotech is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	2	2	2	2	2	1
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vernon Bernardino HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $21	Strong Buy	Reiterates	$21	+909.62%	Aug 20, 2024
Vernon Bernardino HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $21	Strong Buy	Reiterates	$21	+909.62%	Jun 28, 2024
Vernon Bernardino HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $21	Strong Buy	Reiterates	$21	+909.62%	Feb 14, 2024
Vernon Bernardino HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $70 → $21	Strong Buy	Maintains	$70 → $21	+909.62%	Nov 29, 2023
Vernon Bernardino HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $10	Strong Buy	Reiterates	$10	+380.77%	Nov 22, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

n/a

Revenue Next Year

n/a

EPS This Year

-2.20

from -2.93

EPS Next Year

-1.97

from -2.20

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Sep 30, 2019	Sep 30, 2020	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026
Revenue	410.87K	328.80K	-	-	-	-	-	-
Revenue Growth	-	-19.97%	-	-	-	-	-	-
EPS	-4.79	-5.18	-7.73	-8.37	-2.93	-2.20	-1.97	-1.45
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	4	4	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	n/a	n/a	n/a
Avg	n/a	n/a	n/a
Low	n/a	n/a	n/a

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	-	-
Avg	-	-	-
Low	-	-	-

EPS Forecast

EPS	2024	2025	2026
High	-2.14	-1.58	-1.49
Avg	-2.20	-1.97	-1.45
Low	-2.22	-2.31	-1.39

EPS Growth

EPS Growth	2024	2025	2026
High	-	-	-
Avg	-	-	-
Low	-	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.