Predictive Oncology Inc (NASDAQ:POAI) shares are trading higher by 46.6% to $2.30 during Tuesday's session after the company announced positive results from a retrospective study conducted with UPMC Magee-Womens Hospital.
These results will be presented at the 2024 ASCO Annual Meeting in Chicago. The study aimed to develop machine learning (ML) models to predict short-term (two-year) and long-term (five-year) survival outcomes in ovarian cancer patients. Per the company, high grade serous ovarian cancer is challenging to treat, with high relapse rates and low long-term survival.
The ML models showed promise in improving patient prognosis predictions, potentially aiding clinical management and personalized treatment plans. Predictive Oncology emphasized the potential of AI and ML in enhancing oncology drug discovery and clinical management, highlighting their extensive biobank, pathology slides, and patient data as key assets.
How To Buy POAI Stock
By now you're likely curious about how to participate in the market for Predictive Oncology – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Predictive Oncology, which is trading at $1.57 as of publishing time, $100 would buy you 63.69 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, POAI has a 52-week high of $7.12 and a 52-week low of $1.12.