Biotech Company Focused on Hair Loss Sees Stock IPO Surge Despite Lack of Revenue.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Should l Buy GEMI?
Source: Barron's
Company Overview: Veradermics is a small biotechnology firm focused on developing drugs for hair loss.
Stock Market Performance: The company had a successful debut on Wall Street, with shares opening at $33, peaking at $40.01, and closing at $37.75, marking a 122% increase from its initial offering price of $17.
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Analyst Views on GEMI
Wall Street analysts forecast GEMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEMI is 18.78 USD with a low forecast of 11.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 7.340
Low
11.00
Averages
18.78
High
26.00
Current: 7.340
Low
11.00
Averages
18.78
High
26.00
About GEMI
Gemini Space Station, Inc. is a holding company. The Company, through its subsidiary, Gemini Space Station, LLC, offers a mobile and Web-based crypto asset exchange platform, proprietary wallet infrastructure and custody solutions, high-performance over-the-counter trading solutions tailored to institutions and professionals, a digital art auction platform, a proprietary United States dollar backed stablecoin, and a credit card product that offers crypto asset rewards on customer purchases. The Company operates globally and provides security solutions across all of its product offerings. Its platform simplifies and secures the process of buying, selling, storing, staking, and collecting digital assets. It provides accessible and straightforward educational resources to help its users understand the intricacies of crypto assets. Its Gemini Credit Card, an innovative credit card made available by Gemini, allows users to earn and grow crypto rewards every time they swipe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Global Layoff Plan: Gemini Space Station plans to cut up to 200 jobs, representing about 25% of its global workforce, impacting employees across Europe, the U.S., and Singapore, aimed at reducing operating expenses and supporting the company's path to profitability.
- Market Exit Decision: The company will wind down operations in the U.K., EU, and other European jurisdictions, as well as Australia, while continuing in the U.S. and Singapore, reflecting the intense competition and insufficient demand in these markets that have led to increased organizational complexity and costs.
- Restructuring Cost Estimates: Gemini estimates incurring approximately $11 million in pre-tax restructuring charges, primarily in cash, with most expenses expected to be recognized in the first quarter of 2026, covering severance payments, employee benefits, and contract terminations.
- Stock Price Plunge Impact: Following the layoff and market exit announcements, Gemini's shares fell to a record low, plummeting over 75% since its IPO, although retail investor sentiment on social media remains optimistic despite the downturn.
See More
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Key Players: The companies involved in these IPOs include SpaceX, OpenAI, and Anthropic.
Market Anticipation: Investors are particularly eager for these IPOs as they await significant developments later this year.
Investment Climate: The current market environment is buzzing with excitement over these high-profile companies entering the public market.
See More
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- Layoff Plan: Gemini Space Station has announced a plan to reduce its global workforce by up to 200 employees, representing 25% of its total staff as of February 4, 2026, aiming to cut costs and achieve profitability, with substantial completion expected in the first half of the year.
- Financial Impact: The company anticipates incurring approximately $11 million in pre-tax restructuring and related charges, nearly all of which are expected to result in cash expenditures, with most charges recognized in Q1 2026, further exacerbating its financial strain.
- Market Reaction: Amid a broader selloff of risk assets, GEMI shares dropped 5.9% during morning trading, reflecting market concerns over its future profitability, especially after posting a GAAP net loss of $159.5 million in Q3 2025.
- Regional Exit: Gemini plans to wind down operations in the U.K., Australia, the European Union, and other European jurisdictions, which will impact its business presence in these markets and could lead to a further reduction in its customer base.
See More
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Company Overview: Veradermics is a small biotechnology firm focused on developing drugs for hair loss.
Stock Market Performance: The company had a successful debut on Wall Street, with shares opening at $33, peaking at $40.01, and closing at $37.75, marking a 122% increase from its initial offering price of $17.
See More
Major Test for the IPO Market This Week as Multiple Unicorns Prepare to Launch.
Stock Market Rally: The stock market rally is expanding, impacting the initial public offering (IPO) market positively.
Upcoming IPOs: Eight significant private companies are set to debut on Wall Street this week.
AI Companies: Among the upcoming IPOs, only two companies are recognized as leaders in artificial intelligence.
Market Trends: The trend indicates a diversification in the types of companies going public, beyond just tech-focused firms.
See More
