市场见解

Here’s what happened to the Polynovo (ASX:PNV) share price in 2021?

How did the company’s shares perform last year?
The post Here’s what happened to the Polynovo (ASX:PNV) share price in 2021? appeared first on The Motley Fool Australia. –

The Polynovo Ltd (ASX: PNV) share price has been on a trending decline over the past 12 months. This is despite the company recording strong sales growth throughout the year due to its ever-expanding presence across geographical markets.

In 2021, the medical device company’s shares fell around 60% in value. In comparison, the S&P/ASX 200 Healthcare (ASX: XHJ) sector has gained almost 10% over the same time frame.

However, Polynovo shares have made a positive start for 2022. In the first trading day of the new year, its shares finished up 2.3% to $1.56.

What happened with the Polynovo share price?

Investors heavily sold off Polynovo shares last year due to challenging market conditions caused by COVID-19.

Although the company reported surging sales volumes across global markets, it missed the mark on investor expectations. This is mainly related to the underperformance in the United Kingdom, Ireland, and Europe markets.

Last month, Polynovo advised a number of initiatives are being undertaken to improve the effectiveness of its in-market programmes.

Another factor which caused Polynovo shares to slide was the shock exit of its CEO in early November. After seven years with the company, outgoing managing director Paul Brennan decided to resign from his post.

Investors took the news negatively, sending Polynovo shares down 13% within two trading days.

Polynovo noted it’s still conducting its international search to find a new CEO, with significant interest from candidates globally. It expects that the role will be filled sometime within the first quarter of 2022.

Furthermore, short-sellers weighed down Polynovo shares in 2021 following a report from the Australian Securities & Investments Commission (ASIC) last month. The government body noted that around 7.4% of Polynovo shares were being shorted.

What do the brokers think?

A couple of brokers have rated the company’s share price with varying price points over the last couple of months.

Multinational investment bank Macquarie raised its 12-month price target for Polynovo shares by 5.6% to a bullish $2.85 in October.

The broker acknowledged that Polynovo is underperforming its expectations for FY22. However, it predicts the business will make a turnaround, in particular for its NovoSorb product which is poised for growth in the medium to long term.

More recently, financial advisory services firm Wilsons adopted a more bearish tone, slashing its outlook by 29% to $1.42. Its analysts believe the medical company’s shares are overvalued at the time being. Based on the current Polynovo share price, this implies a downside of almost 10%.

The post Here’s what happened to the Polynovo (ASX:PNV) share price in 2021? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Polynovo right now?

Before you consider Polynovo, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Polynovo wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

These were the 5 worst performing ASX 200 shares in 2021

ASX 200 falls on Friday but records 13% gain in 2021

These are the 10 most shorted ASX shares

These were the best performing ASX 200 shares last week

Short interest in Polynovo (ASX:PNV) shares is easing. What does this mean?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended POLYNOVO FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!