Last Updated: 19 Sep 2024
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Executive Summary
Coya Therapeutics, Inc. (COYA) is a clinical-stage biotechnology company focused on developing proprietary medicinal products to modulate the function of regulatory T cells (Tregs). With a market capitalization of $93.45 million, COYA has a strong balance sheet and is well-positioned for growth. The company's lead product candidate, COYA 101, is a small molecule that has shown promising results in early-stage clinical trials for the treatment of autoimmune diseases.
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Company Overview
Coya Therapeutics was founded in 2017 and is headquartered in Houston, Texas. The company's mission is to develop innovative therapies that target the immune system to treat autoimmune diseases. COYA's lead product candidate, COYA 101, is a small molecule that has shown promising results in early-stage clinical trials for the treatment of rheumatoid arthritis and multiple sclerosis.
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Fundamental Analysis
Coya Therapeutics has a strong balance sheet with $152.21 million in cash and equivalents as of June 30, 2024. The company's revenue for the fiscal year ended December 31, 2023 was $9.55 million, and its net loss was $10.22 million. COYA's operating margin was -0.945% and its return on assets was -0.235%.
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Technical Analysis
Coya Therapeutics' stock price has been trading in a range between $3.21 and $10.69 over the past 52 weeks. The stock's 50-day moving average is $6.33 and its 200-day moving average is $7.40. The stock's relative strength index (RSI) is 52.38, which indicates that the stock is neither overbought nor oversold.
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Short Term Outlook
In the short term, Coya Therapeutics' stock price is likely to trade in a range between $5.50 and $7.00. The stock's 50-day moving average is acting as support and its 200-day moving average is acting as resistance. The stock's RSI is indicating that the stock is neither overbought nor oversold.
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Long Term Outlook
In the long term, Coya Therapeutics' stock price is likely to rise as the company progresses its clinical trials and brings new products to market. The company's lead product candidate, COYA 101, has shown promising results in early-stage clinical trials and has the potential to be a blockbuster drug.
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Analyst Recommendations
Analysts are bullish on Coya Therapeutics' stock. The consensus analyst rating is a "Buy" and the average analyst target price is $15.63.
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Conclusion
Coya Therapeutics is a clinical-stage biotechnology company with a strong balance sheet and a promising pipeline of product candidates. The company's lead product candidate, COYA 101, has shown promising results in early-stage clinical trials and has the potential to be a blockbuster drug. Analysts are bullish on Coya Therapeutics' stock and the consensus analyst rating is a "Buy".
