Onconova Therapeutics, Inc. (ONTX) Stock: Seeing Gains In Today’s Session

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Onconova Therapeutics, Inc. (ONTX) is working its way for to the top in the market in today’s trading session. The stock, one that is focused in the biotech sector, is presently priced at $4.06 after heading up 12.78% so far in today’s session. In terms of biotechnology companies, there are quite a few aspects that have the potential to lead to gains in the market. News is one of the most common reasons for movement. Here are the most recent stories relating to ONTX:

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Mar-12-19 07:30AM Onconova Therapeutics, Inc. to Participate at the 31st Annual ROTH Conference March 17-19, 2019 in Orange County, CA
Feb-04-19 08:00AM Onconova Therapeutics, Inc. to Present Corporate Update at the BIO CEO & Investor Conference in New York City
Jan-31-19 07:30AM Advancements in the Treatment of Myelodysplastic Syndromes and RAS-Mutated Lung Cancers to be Presented by Key Opinion Leaders on Thursday, February 7, 2019, in New York City
Jan-22-19 07:30AM Onconova Therapeutics, Inc. to Present at the NobleCON 15th Annual Investor Conference in Fort Lauderdale, FL
Jan-16-19 01:08PM Bucks County biopharm firm names new CEO

However, when making a decision to invest, investors should look at far more than just news, especially in the speculative biotechnology sector. Here’s what’s happing when it comes to Onconova Therapeutics, Inc..

Trends That We’ve Seen From ONTX

Although a move toward the top in a single session, like the gain that we’re seeing from Onconova Therapeutics, Inc. may lead to excitement in some investors, a single session gain alone shouldn’t be the basis of a decision to, or not to, invest in a company. It’s generally smart to look into trends for a period longer than a single session. In the case of ONTX, here are the returns on investment that we’ve seen:

  • Past Seven Days – In the last 5 trading sessions, ONTX has seen a change in value in the amount of 2.27%.
  • Past 30 Days – The monthly ROI from Onconova Therapeutics, Inc. works out to 12.50%.
  • Past Three Months – Throughout the past quarter, the stock has generated a return on investment that works out to 8.76%
  • Past Six Months – In the past 6 months, investors have seen a change that equates to -50.66% from the company.
  • Year To Date – Since the the first trading session of this year ONTX has resulted in a return on investment of 70.62%.
  • Annually – Lastly, in the past full year, investors have seen a change amounting to -76.70% from ONTX. Throughout this period, the stock has traded at a high of -75.83% and a low of 140.24%.

Notable Ratios

Looking at various key ratios associated with a company can give investors a look of just how risky and/or rewarding a stock pick may be. Below are some of the most important ratios to consider when digging into ONTX.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it means that more investors are expecting that the value of the stock is headed for declines. In general, biotech stocks tend to have a higher short ratio. However, we also see quite a few short squeezes in the industry. Nonetheless, with regard to Onconova Therapeutics, Inc., the stock’s short ratio clocks in at 3.81.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay its debts when they mature using quick assets or current assets. Because many biotech many companies rely heavily on continued support from investors, the current and quick ratios can be damning. However, quite a few better companies in the biotechnology industry come with strong quick and current ratios. As it relates to ONTX, the quick and current ratios add up to 2.80 and 2.80 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets owned by the company to the share price. In this particular case, that ratio comes in at 1.91.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the value of shares. Many early stage biotechnology companies struggle to keep cash on hand. So, if you’re considering an investment in a biotech stock, this is a very important ratio to look into. In the case of ONTX, the cash to share value is 3.96.

Analyst Opinions With Regard To Onconova Therapeutics, Inc.

While it’s never a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a smart idea to consider their thoughts when validating your own thoughts before making an investment decision in the biotech industry. Below you’ll find|Here are} the recent moves that we have seen from analysts when it comes to ONTX.

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Mar-01-18 Reiterated H.C. Wainwright Buy $6 → $7.50
Jan-17-18 Downgrade Maxim Group Buy → Hold
Oct-09-17 Initiated H.C. Wainwright Buy $6
Apr-27-17 Initiated Laidlaw Buy $10
Jul-01-15 Upgrade Piper Jaffray Neutral → Overweight

Moves From Big Money Players

One thing that I’ve learned so far in my brief time alive, or somewhat alive has been that smart money tends to follow big money investors. Usually, investors that are looking to keep their investments relatively safe will follow moves made by institutional investors as well as insiders of the company. So, where is the big money as it relates to ONTX? Here’s what’s going on:

Institutions own 61.50% of the company. Institutional interest has moved by 13.79% over the past three months. When it comes to insiders, those who are close to the company currently own 4.95% percent of ONTX shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Interested In How Many Shares Are Available?

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 5.65M shares of Onconova Therapeutics, 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, ONTX has a float of 5.39M.

I also like to take a look at the short percentage of the float. After all, when a large portion of the float available for trading is sold short, the overall opinion in the market is that the company is going to lose value. As far as ONTX, the short percentage of the float totals up to 9.13%. Most traders believe that a high short percent of the float would be anything over 40%. Through my work, I have calculated that any short ratio over 26% is probably going to be a play that comes with hefty risk.

Financial Performance

What have ween seen from ONTX in terms of financial results?Here is the data:

  • Analyst Expectations – As it stands at the moment, analysts expect that the company will generate earnings per diluted share in the amount of -3.02, with -0.87 being reported in the earnings report for the current quarter. Although this information is not tide to earnings, since we are talking on the topic of analysts, Onconova Therapeutics, Inc. is currently rated a 2.00 on a scale from 1 to 5 on which 1 is the poorest possible analyst rating and 5 is the best.
  • 5-Year Sales – In the last half decade, Onconova Therapeutics, Inc. has generated a movement in sales that adds up to -55.70%. EPS in the past 5 years have generated a change of 0.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly represented in the human world, the company has seen a change in earnings that comes to a total of 91.10%. ONTX has also seen movement in terms of revenue that adds up to 0.00%.

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