(Disclaimer: These articles are merely informational in nature, and in no way should be considered expert financial advice. As with any investment, psilocybin stocks, especially those owned by newer companies, are subject to significant fluctuations in value. Therefore, caution should always be observed when investing.)
Company: Seelos Therapuetics, Inc.
Stock: SEEL
Investment Risks: Moderate/High
Investment Rewards: Moderate/High
Current Price: $2.10/share
Company Background: Seelos is a New York-based company whose mission is “focused on achieving the most efficient development of products that address significant unmet needs in
CNS disorders and in rare diseases.” Seelos has several pipelines in development, including”
- SLS-002 (intranasal racemic ketamine) for acute suicidal ideation and behavior (ASIB) in patients with major depressive disorder (MDD)
- SLS-005 (trehalose) for Amyotrophic lateral sclerosis (ALS), Sanfilippo Syndrome, and Oculopharyngeal muscular dystrophy (OPMD)
- SL-004/007, a genetic therapy for Parkinson’s disease
Leadership:
- Raj Mehra, PhD, Chairman, Founder, and Chief Executive Officer
- Michael Golembiewski, Vice President, Finance
- Tim Whitaker, MD Head of Research & Development
- Warren Wasiewski, MD, Chief Science Office
- Jessica Kardish, Head of Clinical Operations
- Gopal Krishna, PhD, Head of Manufacturing & Technical Operations
- Anthony Marciano, Head of Corporate Communications
Philosophy/Mission of the Company: Advancing multiple late-stage therapeutic candidates for CNS disorders, Developing therapeutics with proven mechanisms of action, Identifying opportunities in large markets.
Legal concerns: The following was found in a general search: INVESTIGATION ALERT: Fields Kupka & Shukurov LLP is investigating breach of fiduciary duty claims involving the board of directors of Seelos Therapeutics, Inc.
Performance: Stockinvest.us states, “Given the current short-term trend, the stock is expected to fall -48.88% during the next 3 months and, with a 90% probability hold a price between $0.78 and $1.46 at the end of this 3-month period” while Zacks.com gave them an overall style score of F. Wallstreetzen is moMarketbeat.com is also optimistic about the future of Seelos, stating, “According to analysts’ consensus price target of $11.80, Seelos Therapeutics has a forecasted upside of 464.6% from its current price of $2.09.” SEEL is down drastically from its high of $120.00/share in September of 2016 and a high of $6.32 in April of 2021. It has also slid significantly since the beginning of July 2021.
Final Thoughts: Right now, SEEL does not look like an attractive investment. Whether final approval of some of the pipeline products will allow it to capture a significant market share and bring in corresponding revenue, only time will tell. Investment in this stock will necessitate close monitoring on behalf of the investor.
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