市场见解

How might the Polynovo (ASX:PNV) share price perform in 2022?

Polynovo shares look like the underdog of the ASX, but could 2022 be a better year?
The post How might the Polynovo (ASX:PNV) share price perform in 2022? appeared first on The Motley Fool Australia. –

The Polynovo Ltd (ASX: PNV) share price has had a year to forget in 2021. To say the performance of the dermal regeneration solutions company was disappointing would be an understatement.

Shares in Polynovo are down 63% since the beginning of this year. That is a difficult pill to swallow for any investor — especially when the S&P/ASX 200 Index (ASX: XJO) has returned a gain of 9.6% during that time.

The company might have started the year off on the wrong foot, setting the pace for what would be a challenging year. Mere days after hitting an all-time high at the end of 2020, the Polynovo share price ushered in the new year with a steep decline, falling ~35% in the first two weeks of trading.

Despite achieving record sales in FY21, it seems onlookers have been wary of business disruptions caused by COVID-19.

Could 2022 be the year the Polynovo share price springs back to life?

What does Polynovo have planned for the year ahead?

This year might have been a treacherous one for Polynovo shareholders. However, the company has a number of positive developments in its sights for 2022.

One of the plans for the new year could likely be essential to stabilising the Polynovo share price. This, of course, is the replacement for managing director and CEO, Paul Brennan. The sudden exit of Brennan followed seven years of service to the company, playing an instrumental role in commercializing Polynovo’s medical technology.

According to the company’s latest update, Polynovo has received incredible interest in the vacant permanent CEO position. As such, it expects to bring on a suitable candidate in the first quarter of 2022.

Simultaneously, the company has been building out its sales teams — which are integral to growing revenue. As of 14 December, Polynovo stated it was in the final stages of recruiting a further 4 United States sales representatives, with the board approving an additional 10 hires.

Shareholders will be hoping this additional sales force will drive increased revenue for FY22. For reference, the company recorded $29.16 million in revenue for FY21.

Analyst’s take on the Polynovo share price

The team at 麦格里银行 (ASX: MQG) is undeterred by the shocker of a year for Polynovo’s share price. Earlier this week, analysts at the investment bank shared their expectations for the medical polymer technology company in a note.

In a good sign for shareholders, the broker tagged the Polynovo share price with an outperform rating and a $2.85 price target. At today’s closing price, this would imply an upside of more than 100%. Yet, it’s still a far cry from the share’s 52-week high of $4.08.

It appears a number of short-sellers have the opposite opinion to Macquarie’s analysts. Based on ASIC’s short report for last week, Polynovo is still in the top 10 most shorted ASX shares with a 7.5% short interest.

The post How might the Polynovo (ASX:PNV) share price perform in 2022? 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

Why Charter Hall, Nearmap, PolyNovo, and Virtus Health are racing higher

Here’s why the Polynovo (ASX:PNV) share price is rocketing 12% today

PolyNovo (ASX:PNV) share price tipped to double in value

These are the 10 most shorted ASX shares

This fundie shorted Polynovo (ASX:PNV) shares in 2019. Here’s how much he would have made

Motley Fool contributor Mitchell Lawler owns Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended POLYNOVO FPO. The Motley Fool Australia has recommended Macquarie Group Limited. 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!