#7 - ChromaDex (NASDAQ:CDXC)
We conclude this presentation by looking at ChromaDex (NASDAQ:CDXC). This small-cap is up 20% for the year. Although it hasn’t been immune from the ups and downs of the market, CDXC has been less volatile than other biotech stocks.
One of the known risk groups for the novel coronavirus is the nation’s senior citizens, particularly those over the age of 70. Scientists have long looked at the role of nutrition in our ability to fight off viruses. ChromaDex is involved in the development of aging-related neutraceuticals. While the company is not a pure-play on the novel coronavirus, it has recently released the results of a study that shows how patients that were taking its nutritional protocol in addition to the standard of care saw a nearly 30% reduced recovery time from Covid-19.
One of the nice things about the company’s flagship product, TRU NIAGEN, is that it has significant intellectual property (IP) protection. This means that the company has little to no risk of having its product suffer patent infringement.
About ChromaDex
ChromaDex Corporation operates as a bioscience company focusing on developing healthy aging products. The company operates through three segments: Consumer products; Ingredients; and Analytical Reference Standards and Services. It researches nicotinamide adenine dinucleotide (NAD+); provides finished dietary supplement products that contain its proprietary ingredients directly to consumers and distributors; and develops and commercializes proprietary-based ingredient technologies and supplies these ingredients as raw materials to the manufacturers of consumer products.
Read More - Current Price
- $7.44
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $8.00 (7.5% Upside)
The world is waiting to return to normal. There’s nothing wrong with that. It’s simply human nature. We were meant to be social beings. If we’re realistic, we know that the novel coronavirus is likely to be around for a long time.
However, the good news is that the best and brightest scientists know more about the virus. This is allowing them to confirm some suspicions. It also means that maybe all of our efforts to keep our distance have provided the time needed for companies to create new pathways to successful treatment.
And this is creating a tremendous opportunity for investors who are paying attention. Investing in these seven stocks is one way to ensure you’re taking advantage of it.
One thing that we can be extremely proud of is the way many of our nation’s leading biotech companies are working together to find solutions to this virus. Use your MarketBeat subscription to get alerts on breaking news surrounding these and other companies on your watch list.
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