Affimed N.V. (AFMD, Financial) has received a formal notification from Nasdaq, highlighting that the company's stock has fallen below the essential $1.00 per share threshold required for continued listing. This notification, dated April 15, came after Affimed's shares consistently closed under this minimum price for the past thirty trading days.
Nasdaq's guidelines stipulate that companies must meet specific listing criteria, and Affimed's share price has not met the standard outlined in Nasdaq Listing Rule 5450(a)(1). As a result, the company has been granted a grace period of 180 days to correct this issue and bring its share price back in line with Nasdaq's requirements.
The deadline for Affimed to achieve compliance is set for October 13. During this period, the company will be working towards aligning its stock price with the Nasdaq requirements to avoid potential delisting from the exchange.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Affimed NV (AFMD, Financial) is $11.97 with a high estimate of $24.94 and a low estimate of $4.99. The average target implies an upside of 1,532.32% from the current price of $0.73. More detailed estimate data can be found on the Affimed NV (AFMD) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Affimed NV's (AFMD, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Affimed NV (AFMD, Financial) in one year is $0.37, suggesting a downside of 49.56% from the current price of $0.7335. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Affimed NV (AFMD) Summary page.
