Just think Novacyt waves13 Nov 2020 20:03
Remember what Novacyt did a while ago? Its SP rose in three major waves: (1) up to 166p then down to 100p; (2) up to 500p then down to 215p; and (3) up to 1200p and then down to 700p. (I reckon it is now starting a fourth wave but that's beside the point.)
Now take SNG's waves so far: (1) up to 71p then down to 35p; up to 250p then down to 100p. Roughly speaking, you could take NCYT's first two waves, just halving the magnitude. Consequently, if our third wave is starting now, it should take us to half NCYT's peak, i.e. 600p. Perhaps we will then fall back to ~350p but that isn't a bad target either, is it?
Since they are about tests and we are about a treatment, there's a natural lag of several months between the corresponding waves.
Rather pleasantly to a mathematical mind, our second wave was driven by phase two trials, whereas the third wave should correspond to phase three trials. QED. :-)