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BFRI Stock: 7 Things to Know About Biofrontera as Shares Rocket on $20 Price Prediction

Biofrontera (NASDAQ:BFRI) stock is catching the eyes of investors on Wednesday following a bullish price prediction.

woman smiling with white background representing BFRI Stock.

Source: Odua Images via Shutterstock

Starting with the price prediction, Roth Capital analyst Jonathan Aschoff initiated coverage of BFRI stock with a buy rating and $20 price target. The analyst believes the stock is poised for growth thanks to its U.S. sales plans.

That new price prediction has BFRI stock seeing heavy trading today. That includes some 95 million shares of the stock changing hands as of this writing. That’s quite the jump compared to its daily average trading volume of about 1.7 million shares.

Keeping that in mind, let’s take a look at what potential BFRI stock investors need to know about the company below!

  • Biofrontera is a biopharmaceutical company with a focus on “the development and sale of dermatological drugs and medical cosmetics.”
  • The company’s lead product is the combination of Ameluz and BF-RhodoLED.
  • Ameluz is a topical prescription drug and BF-RhodoLED is a medical device.
  • Together, they are designed to treat patients suffering from ‘photodynamic therapy of certain superficial skin cancers and their precursors.”
  • Ameluz has been marketed in the EU since 2012 and the U.S. since 2016.
  • Other offerings from the company include impetigo treatment Xepi and dermocosmetics series Belixos.
  • Biofrontera was founded in 1997 by Dr. Hermann Lübbert, who currently serves as its CEO.

BFRI stock is up 102.7% as of Wednesday morning but is only up 20.6% since the start of the year.

There’s more stock market news for traders to dive into below!

InvestorPlace houses all the latest stock news you need to know about today. Among that is what’s happening with retail stocks, BIOLASE (NASDAQ:BIOL) soaring higher, and this morning’s pre-market stock movers. You can find all that info at the following links!

More Wednesday Stock Market News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. 

Read More:Penny Stocks — How to Profit Without Getting Scammed


Article printed from InvestorPlace Media, https://investorplace.com/2021/11/bfri-stock-7-things-to-know-about-biofrontera-as-shares-rocket-on-20-price-prediction/.

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