27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) on Tuesday reported second-quarter earnings, which consisted of a better than expected loss per share (53 cents versus expectations for 62 cents)and a revenue beat ($35.6 million versus expectations for $32.03 million).
Sales of the company's only therapy, Nuplazid, saw a notable uptake from $5.27 million in the same quarter a year ago.
The Analyst
H.C. Wainwright & Co's Andrew Fein.
The Rating
Fein maintains a Buy rating on Acadia's stock with an unchanged $60 price target.
The Thesis
Acadia's third-quarter earnings, highlighted by strong sales of Nuplazid and a more encouraging full-year revenue guidance shows the "solid underlying market dynamics and validation" of Nuplazid's value, Fein said in his report.
Nuplazid's momentum seen in the quarter could be sustained over time due to various factors, including specialty LTC, awareness campaigns, patient and physician satisfaction, and psychiatrists/neurologists engagement.
The company could see success in its pimavanserin therapy which has "multiple shots on goal to expand the label into other patient populations, and it may be positioned as a general antipsychotic drug."
Related Links:
Selling The News In Acadia Pharmaceuticals
Pros And Cons Of All The News Out Of Acadia Pharma This Week
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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