Nasdaq QLGN stock forecast.
Before starting about Nasdaq QLGN stocks, we have to know about NASDAQ.
What is NASDAQ.
The American stock market known as NASDAQ (National Association of Securities Dealers Automated Quotations) is very famous for its computerized trading environment. According to market capitalization, it is the second-largest stock exchange in the world after after New York Stock Exchange(NYSE).Headquarter is based in New York ,United States.
What is Nasdaq QLGN.
A biotechnology business called Qualigen is dedicated to creating novel medicines for both adult and paediatric patients with uncommon malignancies.
Qualigen Therapeutics, Inc. (“Qualigen” or “the Company,” Nasdaq: QLGN), a diversified life sciences company focused on developing treatments for adult and paediatric cancers with potential for Orphan Drug Designation and commercialising diagnostics.
Details Of Nasdaq QLGN
| Exchange | NASDAQ-CM |
| Sector | Health Care |
| Industry | Biotechnology: Commercial Physical & Biological Resarch |
| 1 Year Target | $27.00 |
| Today’s High/Low | N/A |
| Share Volume | N/A |
| Average Volume | 279,209 |
| Previous Close | $1.25 |
| 52 Week High/Low | $15.2/$1.11 |
| Market Cap | $ 5,263,421 |
| Forward P/E 1 Yr. | -0.25 |
| Earnings Per Share(EPS) | $-5.30 |
| Last Special Dividend Date | Nov 23, 2022 |
QLGN Stock Overview
Forecasted revenue growth of QLGN is 15.52% yearly.
RISK ANALYSIS
1.Over the following three years, earnings are expected to drop by an average of 11.6% annually.
2.Currently the stock price looking stable mode and the price of this stock around there low level and making support there.
As we can see in above chart the 52 week high of Nasdaq QLGN is $15.20 and low is $1.11.stock stable near low after very long time.so in stock market language it makes their support in this level.
What should be the Strategy for future
We have to add this stock in our watchlist because this stock can give us high profit with minimum investment. the current stock rate is $1.26.
which is quit low and we can easily buy it, but before investing this share we have to wait for uptrend chart. a best investor have patience for right time, they watch stocks and when all circumstances in his favor then they start investment.
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