IGC Pharma, Inc. (IGC)

Market Cap	29.35M
Revenue (ttm)	1.18M
Net Income (ttm)	-12.57M
Shares Out	77.45M
EPS (ttm)	-0.18
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	728,323
Open	0.365
Previous Close	0.368
Day's Range	0.335 - 0.379
52-Week Range	0.250 - 0.910
Beta	1.31
Analysts	Strong Buy
Price Target	3.75 (+889.45%)
Earnings Date	Feb 12, 2025

About IGC

IGC Pharma, Inc., a clinical stage pharmaceutical company, engages in developing treatments for Alzheimer’s disease. The company’s lead product is IGC-AD1, which is in a Phase 2B clinical trial as a treatment for agitation in dementia due to Alzheimer’s; and TGR-63, IGC-1C, IGC-M3, and LMP in pre-clinical development. The company was formerly known as India Globalization Capital, Inc. and changed its name to IGC Pharma, Inc. in March 2023. The company was incorporated in 2005 and is headquartered in Potomac, Maryland.

• Industry: Biotechnology
• Sector: Healthcare
• Founded: 2005
• Employees: 67
• Stock Exchange: NYSEAMERICAN
• Ticker Symbol: IGC
• Website: https://igcpharma.com

Financial Performance

In 2023, IGC Pharma's revenue was $1.35 million, an increase of 47.64% compared to the previous year's $911,000. Losses were -$13.00 million, 13.0% more than in 2022.

Analyst Forecast

According to 2 analysts, the average rating for IGC stock is "Strong Buy." The 12-month stock price forecast is $3.75, which is an increase of 889.45% from the latest price.

Price Target

$3.75

(889.45% upside)

Analyst Consensus: Strong Buy