Pasithea Therapeutics Announces Intention to Commence a 4.0Million Tender Offer for its Common Stock at Price of 0.70 per Share in Cash
KTTA Stock | USD 2.73 0.06 2.15% |
About 55% of Pasithea Therapeutics' investors are presently thinking to get in. The analysis of the overall investor sentiment regarding Pasithea Therapeutics Corp suggests that some traders are interested. The current market sentiment, together with Pasithea Therapeutics' historical and current headlines, can help investors time the market. In addition, many technical investors use Pasithea Therapeutics stock news signals to limit their universe of possible portfolio assets.
Pasithea |
Tender Offer Expected to Close Third Quarter of 2023PALO ALTO, Calif. and MIAMI, July 20, 2023 Pasithea Therapeutics Corp. , a biotechnology company focused on the discovery, research, and development of innovative treatments for central nervous system disorders, today announced that its Board of Directors has authorized the repurchase, through a 4.0 million tender offer , of up to approximately
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Pasithea Therapeutics Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Pasithea Therapeutics can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Pasithea Therapeutics Fundamental Analysis
We analyze Pasithea Therapeutics' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pasithea Therapeutics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pasithea Therapeutics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Earnings Per Share
Earnings Per Share Comparative Analysis
Pasithea Therapeutics is currently under evaluation in earnings per share category among its peers. Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Pasithea Therapeutics Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Pasithea Therapeutics stock to make a market-neutral strategy. Peer analysis of Pasithea Therapeutics could also be used in its relative valuation, which is a method of valuing Pasithea Therapeutics by comparing valuation metrics with similar companies.
Peers
Pasithea Therapeutics Related Equities
VRAX | Virax Biolabs | 21.39 | ||||
FBRX | Forte Biosciences | 6.60 | ||||
MNOV | MediciNova | 6.15 | ||||
ABVC | ABVC Biopharma | 3.57 | ||||
REVB | Revelation Biosciences | 2.86 | ||||
KRON | Kronos Bio | 2.17 | ||||
RNXT | RenovoRx | 1.56 | ||||
NTRBW | Nutriband Warrant | 0.00 | ||||
INDP | Indaptus Therapeutics | 1.18 | ||||
KPRX | Kiora Pharmaceuticals | 1.79 | ||||
QNRX | Quoin Pharmaceuticals | 1.79 | ||||
KZR | Kezar Life | 2.92 |
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