Is Odonate Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Odonate Inc (ODTC) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Odonate Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Odonate Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Odonate Inc?

Muslim investors may consider investing in Odonate Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Odonate Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Odonate Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Odonate Inc updated?

The Shariah compliance status of Odonate Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Odonate Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Odonate Inc?

You can check the latest Shariah compliance status of Odonate Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

ODTC Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 26, 2024

Report Source: 2023 Annual Report

Analyst's Ratings for Odonate Inc (ODTC)

Based on 7 analysts giving stock ratings to Odonate Inc in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Odonate Inc. Stock Analysis ODTC

United States Health Care Micro Cap Report: 2023 Annual

Odonate, Inc. is a pharmaceutical company, which engages in the development of therapeutics that improve and extend the lives of patients with cancer. The firm is focused on the development of tesetaxel, an investigational, orally administered chemotherapy agent that belongs to a class of drugs known as taxanes, which are used in the treatment of cancer. The firm is no longer in development of tesetax.

Key Statistics of Odonate Inc (ODTC)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$150,000.00$150,000.00

Today's Open

$150,000.00

Volume

P/E Ratio (TTM)

52 Week Range

$150,000.00$150,000.00

Market Cap

52.65M

Avg. Volume

0.42

Dividend Yield

Financial Metrics & Statements of Odonate Inc (ODTC)

FAQ's for Odonate Inc (ODTC)

According to Musaffa’s Shariah screening methodology, Odonate Inc (ODTC) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.