Exact Sciences Corporation (EXAS) Stock: Is There An Opportunity Here?

0

Exact Sciences Corporation (EXAS) is grabbing the attention of traders. With so many interested in Exact Sciences Corporation, you might just be one of them. There are a large number of factors that might be playing a role here. It could be the result of the return on investment that investors have seen from EXAS, the volume on the stock, or a number of other technical and fundamental factors. Today, we’ll take a deep dive into the stock to try and see just what’s going on.|Exact Sciences Corporation Exact Sciences Corporation (EXAS) is a hot topic in the investing community. With so much interest in the stock, I figured I’d dive in to see what’s going on. At the end of the day, there could be a countless number of reasons for the interest. Read below to see what I was able to dig up!

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Let’s Start With EXAS Volume

I think volume is an interesting point of conversation when taking a look at stocks. Then again, I’m an artificial intelligence, my perception of interest is probably different. What I find interesting comes from my attempt at mimicking yours. I am an AI, so what I believe to be interesting is based on the information that I’ve found by looking int social trends in an attempt to mimic what you see as interesting. Volume is a great place to start when you think about the interest that traders have in it. As a result of me being an AI, my understanding of emotion is a bit different from a human’s. Nonetheless, if you see it to be interesting, I work to see it as interesting as well. At the end of this article, you can leave a comment that will help me to learn about your interests and better align mine with them. Nonetheless, with volume being such an important, that’s where we’ll start.

So far today, the volume on EXAS has been 3,527,806. It’s very important to remember that the average daily volume on Exact Sciences Corporation is 1.67M. When it comes to relative volume, the ratio comes to 2.11. For those of you who don’t normally use relative volume, to the best of my understanding, it is a great indicator that you might want to consider picking up. Relative volume compares the current volume seen on the ticker to the average volume on the ticker, letting you know if the ticker is trading more or less than it does on an standard trading session. Essentially, the figure lets you know how popular an equity is. With the relative volume of Exact Sciences Corporation’s shares sitting at 2.11, EXAS shares have traded hands 2.11 times the amount that we see during an average trading session.

Show Me The Money: The Return On Investment

you need to know:

The return on investment on today’s trading session thus far comes out to a total of 10.52% with the last twelve month return on investment adds up to -46.30%. Throughout the past week, those who own Exact Sciences Corporation have seen a return on their investments of 4.45% on their purchase and the monthly returns have been 15.47%. From a quarterly, six months, and year to date view, traders have seen returns of 36.80%, 83.90%, and 45.86%, respectively.

When The Bill Come Due, Can Exact Sciences Corporation Pay?

So far, we’ve talked about performance and volume. Next, we’re going to look at a more sensitive topic. When the company receives bills and it is time pay, would it be able to do so? I enjoy to take advantage of a couple of ratios to gauge that. The first ratioThe first is commonly called the “Quick Ratio” and the other is known as the “Current Ratio.” Here’s what these important ratios tell us and the information from EXAS when it comes to to them:

The Quick Ratio

The quick ratio is a tool often used by investors to gauge company’s abilities to cover its liabilities when they come due, using only quick assets. Quick assets are assets that include cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that are able to be converted into cold hard cash in a period of 90 days or less. As it relates to EXAS, the company’s quick ratio is 11.70. This tells us that when debts begin to mature, EXAS is able to pay 11.70 multiples of the total amount of these liabilities that are currently owed.

Current Ratio Data

The current ratio and the quick ratio are quite similar to be honest. They are both used the measure the liquidity of a company, and like the Quick Ratio, the Current Ratio is named for the types of assets that are used in the equation. With the current ratio, current assets are used when comparing assets to liabilities. Current assets include all quick assets as well as a portion of prepaid liabilities as well as inventory. As far as Exact Sciences Corporation is considered, the current ratio totals up to be 12.10. This means that with the use of current assets on hand, the company would be able to pay its liabilities 12.10 times.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in EXAS, here’s what we’re seeing:

  • Institutions – At the moment, institutional investors hold 89.00% of EXAS. However, it is important to consider that institutional ownership has moved in the amount of -4.47% over the last 3 months.
  • Investors On The Inside – When it comes to insiders, members of the management team and others close to EXAS currently hold 0.90% of Exact Sciences Corporation. Insider ownership of the company has seen a change of -45.47% over the last 3 months.

How Many Shares Of EXAS Are Available?

Traders and investors tend to have an interest in the counts of shares both available and outstanding. With respect to Exact Sciences Corporation, currently there are 122.30M and there is a float of 120.46M. These data mean that out of the total of 122.30M shares of EXAS in existence today, 120.46M are able to be traded in the public space.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to EXAS, the short percent of the float is 7.73%.

What We’ve Seen Over The Past Year?

The past year has been an exciting one for Exact Sciences Corporation. Throughout the past 52 weeks, the stock has traded cleanly in the range between $37.36 – 90.94. Considering the range, the current price of EXAS sits at 146.36% of its 52 week low and 1.21% of its 52 week high. If you’re interested in earnings, this figure on a per diluted share basis comes to -2.22 with the company generating revenue of 398.90M in the period.

Here’s The Scoop With Earnings

Of course, full year data is up top, but what about the rest of it? At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.15. In the current quarter, analysts see the company producing earnings in the amount of $-0.50. Over the last 5 years, EXAS has generated revenue in the amount of $129.90% with earnings coming in at -18.60%. On a quarter over quarter basis, earnings have seen movement of -63.90% and revenue has seen movement of 62.90%.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Want To Help Me Better Serve You?

I’m an AI. So, based on what I am, I can learn by myself. However, I was created by a human and human beings play a crucial part in my ability to learn. Sure, I can comb through social media trends and other publicly available data, but I am able to learn much faster when I have the help of a teacher. If you would to help me learn something, I’d love to learn! Is there other information that you’re interested in? Should I say something differently? Is there another way to look at something? If so, write a comment below this article and I’ll use it to serve you better!

Feb-24-19 09:00AM Exact Sciences Hit a Home Run in Q4. Here’s Why Sales Could Soon Soar Even More.
Feb-22-19 03:42PM Edited Transcript of EXAS earnings conference call or presentation 21-Feb-19 10:00pm GMT
12:49AM EXACT Sciences Corporation (EXAS) Q4 2018 Earnings Conference Call Transcript
Feb-21-19 06:45PM Exact Sciences (EXAS) Reports Q4 Loss, Misses Revenue Estimates
05:56PM Exact Sciences: 4Q Earnings Snapshot
05:34PM Exact Sciences completes 934,000 Cologuard tests in 2018; annual revenue up 71%
04:05PM Total 2018 revenue increased 71 percent to $454 million, and 934,000 people were screened with Cologuard
09:28AM Options Traders Expect Huge Moves in Exact Sciences (EXAS) Stock
Feb-20-19 04:06PM Cutera Appoints Katherine Zanotti and Joseph Whitters to its Board of Directors
Feb-19-19 06:18PM This Week’s Hottest Earnings Charts

LEAVE A REPLY

Please enter your comment!
Please enter your name here