Another 8x Risk to Reward Stock (SBFM)

BATS:SBFM   Sunshine Biopharma Inc.

Sunshine Biopharma, Inc. is a New York-based pharmaceutical company that develops and commercializes oncology and antiviral drugs, as well as science-based nutritional supplements. Their products include treatments for Coronavirus infections and anticancer drugs. The company was founded on August 31, 2006.

Recent News
Stock Split April 17th, 2024

5 Point Inspection by OnePunchman:

  1. Free Float shares‪‪: 953.39 K‬‬ - Positive
  2. Cash & equivalents: 16.29 M‬‬ - Positive
  3. Debt: 657.71 K‬‬ - Positive
  4. Last Quarter Revenue: $7.68M - Positive compared to Cash in hand and Free Float
  5. Prescriptions Drugs are in the market -

Buy Alert done by Fibonacci retracement levels:
Price: $3.20
  • Entire Position Stop Loss: $2.91
  • 1st Take Profit: $5.30 (I would sell 50% of my holdings here) - Risk to Reward Ratio is x8
  • 2nd Take Profit: $8.79 (I would sell 30% of my holdings here) - Risk to Reward Ratio is x21
  • 3rd Take Profit: $10.25 (I would sell 20% of my remaining holdings here) - Risk to Reward Ratio is x27

Trade closed: stop reached

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