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home / news releases / PMD - Psychemedics Corp.: Trucking Along Into A Potential Big Catalyst ($21 PT)


PMD - Psychemedics Corp.: Trucking Along Into A Potential Big Catalyst ($21 PT)

  • Psychemedics Corporation pioneered the first commercially-available drug test for hair in 1986 and states that it has the best hair follicle test on the market currently.
  • If we run-rate 3Q revenues to $20M, I think it can achieve 15-20% operating margins, or $3-$4M in operating income. So pretty cheap as is.
  • I think fair value could push this to $120M EV or even higher, so this could be a triple to ~$21 even with the recent runup.

For further details see:

Psychemedics Corp.: Trucking Along Into A Potential Big Catalyst ($21 PT)
Stock Information

Company Name: Psychemedics Corporation
Stock Symbol: PMD
Market: NASDAQ
Website: psychemedics.com

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