OpGen, Inc. (OPGN) Stock: Here’s Why It’s Headed For The Bottom

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OpGen, Inc. (OPGN) is headed down in the market in today’s trading session. The stock, focused on the biotech industry, is presently trading at $1.23 after falling -4.41% so far in today’s session. In terms of biotech stocks, there are several aspects that have the potential to cause declines in the market. One of the most common is news. Here are the most recent headlines centered around OPGN:

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Mar-01-19 06:02PM Edited Transcript of OPGN earnings conference call or presentation 26-Feb-19 9:30pm GMT
Feb-27-19 10:48PM OpGen Inc (OPGN) Files 10-K for the Fiscal Year Ended on December 31, 2018
Feb-26-19 04:02PM OpGen Reports Fourth Quarter and 2018 Financial Results and Provides Business Update
Feb-25-19 08:30AM OpGen Appoints R. Don Elsey to Board of Directors
Feb-20-19 09:00AM OpGen Announces Date of Fourth Quarter and Fiscal Year 2018 Financial Results Conference Call

Nonetheless, when making an investing decision, investors should focus on far more than just news, this is especially the case in the highly speculative biotechnology sector. Here’s what’s happening in regard to OpGen, Inc..

What We’ve Seen From OPGN

Although a single session decline, like the fall that we’re seeing from OpGen, Inc. might lead to fear in some investors, a single session move by itself should not be the reason for a decision to, or not to, invest in a company. It is generally a good idea to take a look at trends experienced by the stock for a period longer than a single trading day. As it relates to OPGN, below are the movements that we’ve seen:

  • Past 5 Sessions – In the past 5 trading sessions, OPGN has seen a price change that amounts to -4.52%.
  • Past 30 Days – The monthly ROI from OpGen, Inc. works out to -9.15%.
  • Past 3 Months – Throughout the past 3 months, the company has generated a return of 22.86%
  • Bi-Annually – Over the past 6 months, investors have seen a performance that equates to -34.85% from the stock.
  • Year To Date – Since the open of this year OPGN has resulted in a return on investment of -0.77%.
  • Full Year – Finally, in the past year, we’ve seen performance that works out to -44.16% out of OPGN. Over this period of time, the stock has traded at a high price of -57.48% and a low of 62.25%.

Ratios Worth Paying Attention To

Digging into a few ratios associated with a stock can provide traders an understanding of how risky and/or potentially profitable a stock pick may be. Here are a few of the key ratios to think about when looking at OPGN.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the value of the stock is headed for declines. Throughout the sector, biotech stocks can come with a higher short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, in relation to OpGen, Inc., the stock’s short ratio amounts to 3.93.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure whether or not a company can cover its debts as they mature using current assets or quick assets. Because many biotech several companies are heavily reliant on continued investor support, the quick and current ratios can seem bad. However, quite a few good picks in the biotech industry do have great current and quick ratios. As far as OPGN, the quick and current ratios total up to 1.20 and 1.30 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the price of shares. when it comes to OpGen, Inc., the book to share value ratio equates to 0.41.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of shares. Several clinical stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotechnology space, this is an important ratio to look into. As it relates to OPGN, the cash to share value ratio works out to 0.56.

How Analysts Feel About OpGen, Inc.

Although it’s never a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to use their analysis to validate your own due diligence before making an investment decision in the biotechnology sector. Below you’ll find|Here are} the recent moves that we’ve seen from analysts with regard to OPGN.

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Mar-01-19 Initiated Alliance Global Partners Buy $2.30
Feb-07-18 Reiterated H.C. Wainwright Buy $1 → $9
Jun-29-16 Initiated Rodman & Renshaw Buy $2.50

Show Me 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 OPGN, here’s what we’re seeing:

  • Institutions – Currently, institutions hold 13.00% of the company. Nonetheless, it’s important to mention that the ownership held by institutions has seen a move in the amount of -24.26% in the past 3 months.
  • Insider Holdings – When it comes to insiders, members of the management team and others close to OPGN currently hold 4.42% of the company. Insider ownership of the company has seen a move of 0.00% throughout the last 3 months.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 8.19M shares of OpGen, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, OPGN has a float of 8.19M.

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 OPGN, the short percent of the float is 6.70%.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.59. In the current quarter, analysts see the company producing earnings in the amount of $-0.36. Over the last 5 years, OPGN has generated revenue in the amount of $4.10% with earnings coming in at 42.70%. On a quarter over quarter basis, earnings have seen movement of 65.00% and revenue has seen movement of -20.00%.

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