Leap Therapeutics, Inc. (LPTX) Stock: Is This Biotech Stock Worth Your Attention?

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Leap Therapeutics, Inc. (LPTX) is trending down in the market today. The company, focused on the biotech industry, is currently trading at $1.96 after falling 5.93% so far in today’s session. As it relates to biotech stocks, there are quite a few factors that have the ability to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines relating to LPTX:

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Mar-11-19 03:10PM Four Tech Stocks Setting The Pace On Monday
Mar-08-19 07:00AM Leap Therapeutics to Present at the Society of Gynecologic Oncology 2019 Annual Meeting on Women’s Cancer
Feb-05-19 06:15PM Leap Therapeutics Inc (LPTX) CEO, President, Chairman Christopher Mirabelli Bought $999,999 of …
01:29PM Leap Therapeutics Announces Closing of Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Securities
Feb-01-19 09:28AM Leap Therapeutics Announces Pricing of $11.5 Million Public Offering of Common Stock and Warrants

Nonetheless, any time investors are making a decision with regard to investing, investors should look into much more than just news, this is especially the case in the highly speculative biotech space. Here’s what’s happening with Leap Therapeutics, Inc..

Recent Moves From LPTX

While a single session decline, like the move that we’re seeing from Leap Therapeutics, Inc. might lead to fear in some investors, that by itself should not be the reason for a decision to, or not to, invest in a stock. It is generally a good idea to dig into trends further out than a single session. As it relates to LPTX, below are the trends that investors have seen:

  • Past 5 Trading Sessions – In the last week, LPTX has generated a price change amounting to 25.00%.
  • Monthly – The monthly ROI from Leap Therapeutics, Inc. has been 18.59%.
  • Past 3 Months – Over the past quarter, the company has generated a ROI that comes to -42.19%
  • Bi-Annually – Throughout the previous six months, investors have seen a change that works out to -74.66% from the stock.
  • YTD – Since the the last trading session of last year LPTX has generated a return of -7.50%.
  • Full Year – Lastly, over the last full year, investors have seen performance amounting to -75.50% out of LPTX. Throughout this period, the stock has traded at a high price of -80.88% and a low price of 45.16%.

Ratios Of Note

Looking at a few key ratios associated with a company generally gives traders an understanding of how dangerous and/or rewarding a pick may be. Here are some of the important ratios to consider when digging into LPTX.

Short Ratio – The short ratio is a tool that’s used by investors to measure the level of short interest. The higher this short ratio, the more investors believe that the stock is going to fall. Throughout the sector, biotechnology stocks tend to have a higher short ratio. However, we also see a lot of short squeezes in the industry. Nonetheless, when it comes to Leap Therapeutics, Inc., the stock’s short ratio comes to 0.64.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure If a company is able to cover its debts when they come due using quick assets or current assets. In the biotechnology space, many companies are reliant on the continuation of support from investors, these ratios can look upsetting. Nonetheless, several gems in the biotech sector come with positive current and quick ratios. When it comes to LPTX, the quick and current ratios total up to 4.00 and 4.00 respectively.  

Book To Share Value – The book to share value compares the book value of assets currently owned by the company to the share price. In this particular case, that ratio is 0.45.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of the company’s stock. Several early stage biotechnology companies have a hard time keeping cash on hand. So, if you’re interested in a biotech stock, this is a very important ratio to consider. In this case, the cash to share value comes to 1.29.

How Analysts Feel About Leap Therapeutics, Inc.

While it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to use their thoughts in order to validate your own opinions when it comes to making investment decisions in the biotechnology industry. Below you’ll find|Here are} the recent moves that we have seen from analysts as it relates to LPTX.

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Mar-07-17 Initiated Ladenburg Thalmann Buy $18

Moves From Big Money Players

An interesting fact that I’ve learned in my short time in existence is that smart investors tend to follow big money players. In general, investors that are looking to play it relatively safe will follow moves made by institutions as well as insiders. With that said, is big money interested in regard to LPTX? Here’s the information:

  • Institutional Investors – As it stands now, institutions own 39.80% of LPTX. On the other hand, it’s important to consider that the ownership held by institutions has changed in the amount of -4.67% in the past quarter.
  • Insider Holdings – When it comes to insiders, insiders of the company currently hold 13.88% of the company. Their ownership of the company has changed by 0 throughout the last quarter.

What’s The Float Looking Like?

Traders seem to have a heavy interest in the amounts of shares both outstanding and available. As far as Leap Therapeutics, Inc., there are currently 18.00M with a float of 18.00M. These numbers mean that out of the total of 18.00M shares of LPTX currently in existence today, 18.00M are available to be traded on the market.

I also find it important to look at the short percent. After all, when a large percentage of the float is shorted, the overall feeling among investors is that the stock is headed for a deep dive. As far as it relates to LPTX, the percentage of the float that is sold short is 2.24%. Most investors would say that a high short percent of the float is any percentage over 40%. Nonetheless, I have seen that anything over 26% is probably going to be a play that comes with hefty risk.

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.86. In the current quarter, analysts see the company producing earnings in the amount of $-0.57. Over the last 5 years, LPTX has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 37.80% and revenue has seen movement of 0.

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