January 18th, 2022 | 16:37 CET
Buy Long-Covid Stock Now? BioNTech, Cardiol, Mainz Biomed
The second trading day this week is characterized by a weak start to trading. In the first two hours, the German indices have clearly lost ground. The leading index DAX is currently trading at 15,776 points, down around 1.05% on the previous day. The MDAX last traded at 34,156 points (-1.38%), TecDAX at 3,498 points (-1.77%) and SDAX at 15,658 points with 1.65% in the red. In the focus of market participants today are repeatedly the shares of vaccine manufacturers, but the trend is now also to the next phase of the Corona situation, the treatment of Long-Covid.
time to read: 1 minutes | Author: Mario Hose
ISIN: BIONTECH SE SPON. ADRS 1 | US09075V1026 , CARDIOL THERAPEUTICS | CA14161Y2006 , MAINZ Biomed | NL0015000LC2
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Author
Mario Hose
Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.
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Sell-off of BioNTech continues
The stock of biotech company BioNTech again led the most executed orders on Tradegate today. At the moment, more than 6,600 transactions were counted. At a price of EUR 157.15, the share is trading 6.21% lower than the previous day, continuing its downward trend. Mainz Biomed can also take a place in the top 5 list with more than 2,400 executed orders. The share is currently trading at EUR 23.00, down 3.32%. Compared to the intraday low at EUR 19.92, the share was able to recover more than EUR 3.00.
Long-Covid share: Cardiol develops therapies for heart problems
The shares of Cardiol Therapeutics continue the price increase of the past days since the opening on the home exchange in Toronto. At CAD 2.91, the stock is trading up 3.2%. The company focuses on the therapy of heart disease and relies on natural active ingredients from the cannabis plant. Clinical trials are expected to confirm the success.
In recent months, reports of heart problems in athletes have increased. According to media reports, the cause of these problems is often related to a Covid-19 infection. Names such as Alphonso Davies (FC Bayern Munich), Arsenal star Pierre-Emerick Aubameyang, Axel Méyé (IR Tangier) and Mario Lemina (OGC Nice) have had to take a break since last week due to heart problems following a Corona infection.
The mentioned top athletes are certainly only the tip of the iceberg and the potential of Long-Covid shares is accordingly high. The experts at GBC Research recommend Cardiol's stock as a buy with a price target of CAD 17.49. Additional analysts recommend the shares. Canaccord with rating 'Buy' and Cantor Fitzgerald with 'Overweight' independently see a price target of USD 8.00 ≈ CAD 10.00.
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