(ENVB) Has 4 Must-See Potential Catalysts Including A Strong Analyst Target (Trading Above Key Support Lines)

I've been shuffling through breakout ideas left and right, up and down... And here's what I've come across. (ENVB) Has 4 Must-See Potential Catalysts Including A Strong Analyst Target (Trading Above Key Support Lines) July 10th Dear Reader, I've been shuffling through breakout ideas left and right, up and down... And here's what I've come across. There is one specific company trading on the Nasdaq Market that I've been tracking all week long and looks ripe for a potential breakout for several different factors. And in case you're new to these reports, we've put together a solid few month stretch even when the markets have been getting crushed. Check them out (all %'s are approximate/short term or intraday): - 6/22's profile rocketed 30% - 6/7's profile blasted 19% - 6/1's profile moved 12% - 5/26's profile ran 15% - 5/24's profile surged 76% - 5/10's profile exploded 194% - 5/4's profile shot 38% - 5/3's profile blazed 89% Now, several of those breakout profiles were Nasdaq ideas, but you're probably wondering what makes this one special? Give me a second and I'll get to the meat and potatoes of it. Imagine for a second that there was a company out there that was doing something that not a single other biotech company was doing by combining two separate explosive markets? The two markets? Psych-e-delics and Canna-bi-noids. And just how big are these markets? Take a look for yourself: (2) Now, even better. What if this company's game-changing, forward-thinking desire to combine these two markets provided them with a chance at a chunk of the $1.27Tn global pharmaceutical industry? (1) Based on the burgeoning markets this company is looking to disrupt along with a MAJOR analyst price target, a relatively low float, and a recent surge that has created significant potential support levels, there is only one Nasdaq biotech company to have on your screen Monday: *Enveric Biosciences, Inc. (ENVB)* Enveric Biosciences is a cutting-edge neuroscience company developing next-generation psych-e-delic-inspired mental health medicines. Enveric's robust pipeline supports dr-ug development from the clinic to commercialization for millions of patients in need around the world suffering from conditions that include cancer-related distress, PTSD, and more. And right now, ENVB that are must-know stuff. Check them out: No. 1 - Analyst Coverage And $1.25 Price Target No. 2 - This Proposed Spin-off Could Create Massive Opportunity No. 3 - A Recent Hot Streak Has ENVB Trading From A Position Of Potential Strength No. 4 - Low Float Profile/Volatility Potential But more on those in a second... More Patents. More Pro-fit Potential To Help Accelerate Innovation Without the potential for patent profits, there would be no reward for innovative ideas that lead to beneficial products. Enveric’s next generation molecules are the technological advances that can help make life better. And these patented molecules can help pharmaceutical companies develop new dr-ugs that can prolong life and provide cures to diseases that affect people worldwide. On March 15, 2022, Enveric announced that their first four Patent Cooperation Treaty (PCT) applications for the trypt-a-mine family of novel molecules were published by the World Intellectual Property Organization (WIPO).(5) Trypt-a-mine molecules are being investigated worldwide as potential treatments for a broad range of psychiatric and neurologic disorders, including mood and anxiety disorders, post-traumatic stress disorder, cancer-related distress and more.(5) With a number of potential catalysts on the horizon, let’s take a closer look at Enveric Biosciences. Expected Catalysts And Milestones Enveric Biosciences’ AI-Powered Meds Address The Mind with Psy-che-delics, and the Body with Cann-a-binoids This is what makes Enveric so incredibly unique with so much potential value. They are perhaps the ONLY publicly traded company that combines both psy-che-delics and cann-a-binoids. The company sees the big opportunity in psy-che-delics next generation molecules. They’ve taken the traditional pharma model and made it better by creating end products that work better, with less side effects, that can potentially get to far more patients. In fact, they are in the process of creating A MASSIVE PROPRIETARY DATABASE of modified molecules which they refer to as the “psybrary.” In terms of the cann-a-binoid market the big play right now is Radiation Dermatitis (RD). This is one of the most common side effects of cancer radiotherapy, afflicting an incredible 95% of patients receiving radiotherapy.(6) And the potential market? How about a head-spinning $1Bn opportunity!(6) Please understand: This tiny $34Mn (approx.) company has filed 14 patents – and potentially has hundreds on the way. [Find more important details in the ENVB company presentation here.]( ----- Right now, ENVB has several potential breakout catalysts to know ahead of Monday's opening bell. Here's what to know: No. 1 ENVB Potential Catalyst - Analyst Coverage And $1.25 Price Target At the start of June, James Molloy of Alliance Global Partners tagged ENVB with a $1.25 price target. This gives ENVB over 400% potential upside from its closing valuation as of Friday afternoon. Here's some highlights from the report: Valuation: Our 12-18 month price target for ENVB is $1.25/share based primarily on our expectations for EVM-101 for CRD. We model that EVM-101 is approved in 1H28 and launched in 2H28, reaching ~$250M in sales by 2030, year 3 of the launch. We place a 4x multiple on these $250M revenues, discounted back 7 years at 45% for our $0.50/share valuation. We model that EVM-201 is approved in 2H28 and launched in 1H29, reaching ~$350M in sales by 2031, year 3 of the launch. We place a 4x multiple on these $350M revenues, discounted back 8 years at 50% for our $0.45/share valuation. We model that EVM-301 is launched in 2031, reaching ~$750M in sales by 2034, year 3 of the launch. We place a 4x multiple on these $750M revenues, discounted back 11 years at 60% for our $0.15/share valuation. We value the remaining technology at ENVB (primarily the Psybrary machine learning asset for dr-ug discovery) and cash (end-'23E) at $0.15/share for our $1.25/share value at the end of 2023. [Read the full report here.]( ----- No. 2 ENVB Potential Catalyst - This Proposed Spin-off Could Create Massive Opportunity Enveric Biosciences Announces Plans to Spin-off and Dividend its Cann-a-binoid Pipeline to Shareholders The proposed spin-off would create two separate and distinct biotechnology companies, one developing next-generation psych-e-delic-inspired treatments and the other developing innovative cann-a-binoid treatments NAPLES, FL, May 11, 2022 /PRNewswire/ - Enveric Biosciences (NASDAQ: ENVB) ("Enveric" or the "Company"), a neuroscience-focused biotechnology company developing next-generation, psych-e-delic-inspired mental health medicines, today announced plans to transfer and spin-off its cann-a-binoid clinical development pipeline assets to a wholly-owned subsidiary, Acanna Therapeutics Inc. ("Acanna"), by way of dividend to Enveric shareholders. The spin-off transaction will be subject to various conditions, including Acanna meeting the qualifications for listing on The Nasdaq St-ock Market, and if successful, would result in two standalone public companies. Dr. Joseph Tucker, CEO of Enveric Biosciences, commented, "In these challenging markets, the Board and Management team have spent considerable time evaluating the best way to create additional value for all stakeholders – patients, shareholders, and employees. We believe it would be in the best interest of our shareholders to spin-off 100% equity ownership of our cann-a-binoid clinical development pipeline. Upon completion of the proposed transaction, each resulting public company would be able to focus all its resources on the development of its respective pipeline assets, enabling, we anticipate, greater opportunity for product development success." ... Dr. Tucker continued, "For Enveric and Acanna, this spin-off transaction would allow each company to commit 100% of its efforts and capabilities towards developing its respective dr-ug candidate portfolio. For Enveric, going forward, we intend to focus on mental health. We believe that Enveric's achievements in the last year, including preparations for a clinical trial, positive preclinical data, and ongoing expansion of our dr-ug candidate portfolio, the Psybrary™, position us well for the future." ... [Read the full article here.]( ----- No. 3 ENVB Potential Catalyst - A Recent Hot Streak Has ENVB Trading From A Position Of Potential Strength Over the past two plus weeks, ENVB appears to be heating up. So much so that (as of 11:00AM EST Friday) it has moved over [several lines of potential support.]( Those include ENVB's: - 5-Day Simple Moving Average (SMA) - 20-Day SMA - 50-Day SMA - 5-Day Exponential Moving Average (EMA) - 13-Day EMA That's great and all, but here's the key detail to pay attention to. As of 11:00AM EST Friday, ENVB had a 200-Day SMA of just over $.80. With so much potential support just below ENVB, there may be little resistance towards a return to its 200-Day SMA! Now, I'm not saying ENVB is going to run 200+% to any previous high around $.80, but you need to be aware of the potential upside from current levels. ----- No. 4 ENVB Potential Catalyst - Low Float Profile/Volatility Potential According to the [Yahoo Finance website]( ENVB has a relatively low float. The website reports this profile to have approximately 41.61Mn shares in its float. Why is that important? It's important on one crucial level. Volatility. With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term. ----- ENVB Recap - 4 Potential Breakout Catalysts To Know Now No. 1 - Analyst Coverage And $1.25 Price Target No. 2 - This Proposed Spin-off Could Create Massive Opportunity No. 3 - A Recent Hot Streak Has ENVB Trading From A Position Of Potential Strength No. 4 - Low Float Profile/Volatility Potential ----- Coverage is officially initiated on ENVB. When time permits, do this: Get ENVB on your radar now. Sincerely, FierceAnalyst | Jaks Swift Editorial Writer [Source 1]( [Source 2]( [Source 3]( [Source 4]( [Source 5]( [Source 6]( (Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.) StockWireNews (stockwirenews . com) is owned by SWN Media LLC, a limited liability company (SWN Media LLC has recently retained ownership of StockNewsWire LLC). I am not a lic-ensed fina-ncial adviser. 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