Protalix BioTherapeutics, Inc. (PLX) Stock: A Good Pick In The Biotech Industry?

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Protalix BioTherapeutics, Inc. (PLX) is trending up in the market in today’s trading session. The company, one that is focused on the biotechnology space, is presently trading at $0.49 after gaining 14.16% so far in today’s session. When it comes to biotech companies, there are a number of aspects that have the potential to generate gains in the market. One of the most common is news. Here are the most recent trending headlines relating to PLX:

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Mar-13-19 05:15PM Protalix BioTherapeutics to Postpone the 2018 Financial Results and Corporate Update Conference Call
Mar-12-19 10:47AM When Will Protalix BioTherapeutics, Inc. (NYSEMKT:PLX) Turn A Profit?
Mar-06-19 07:30AM Protalix BioTherapeutics to Hold Full-Year 2018 Financial Results and Corporate Update Conference Call on March 14, 2019
Feb-07-19 08:08AM The Daily Biotech Pulse: Galapagos-Evotec Forge Fibrosis Partnership, Sanofi Earnings, Alector To Debut
Feb-05-19 07:00AM Protalix BioTherapeutics Presents Preliminary Data from the BRIGHT Study of pegunigalsidase alfa for the Treatment of Fabry Disease at the 15th Annual WORLDSymposium 2019

Nonetheless, when making a decision to invest, prospective investors should look at much more than news, especially in the highly speculative biotech space. Here’s what’s happing when it comes to Protalix BioTherapeutics, Inc..

The Performance That We’ve Seen From PLX

Although a single session gain, like what we’re seeing from Protalix BioTherapeutics, Inc. may cause excitement in some investors, that alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally a good idea to dig into trends experienced by the stock for a period longer than a single trading session. As it relates to PLX, below are the movements that investors have experienced:

  • Past Seven Days – In the last 5 trading sessions, PLX has produced a change in value amounting to 7.89%.
  • Past Month – The monthly returns from Protalix BioTherapeutics, Inc. works out to 9.72%.
  • Past Three Months – Throughout the last 3 months, the stock has produced a ROI of 18.86%
  • Bi-Annually – Throughout the last six months, we have seen a change that works out to -0.49% from the company.
  • This Year So Far – Since the close of last year PLX has resulted in a return on investment of 57.88%.
  • Full Year – Finally, in the last full year, we have seen movement amounting to -15.34% out of PLX. Throughout this period, the stock has sold at a high price of -40.84% and a low of 81.85%.

Rations That Traders Should Consider

Digging into various ratios having to do with a company generally gives investors an understanding of how risky and/or potentially profitable a pick might be. Below are a few of the important ratios to look at when looking at PLX.

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it means that more investors have a belief that the value of the stock is headed for declines. Throughout the sector, biotech stocks tend to carry a higher short ratio. On the other hand, we tend to see a lot of short squeezes in the space. Nonetheless, in regard to Protalix BioTherapeutics, Inc., the stock’s short ratio amounts to 4.41.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay for its debts when they mature based on quick assets or current assets. Because many biotech several companies rely heavily on continued support from investors, the quick and current ratios can look bad. However, some good picks in the biotechnology industry come with strong current and quick ratios. As far as PLX, the quick and current ratios add up to 0 and 0 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets currently owned by the company to the share price of the stock. In this case, that ratio equates to -0.44.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. Several early stage biotechnology companies struggle to keep cash on hand. So, if you’re interested in a stock in the biotech industry, this is an important ratio to look into. In terms of PLX, the cash to share value ratio works out to 0.

What Analysts Think About Protalix BioTherapeutics, Inc.

Although it’s never a smart idea to unknowingly follow the opinions of analysts, it is a good idea to use their analysis to validate your own opinions when it comes to making an investment decision in the biotech space. Below are|Here are} the most recent moves that we’ve seen from analysts when it comes to PLX.

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Apr-17-17 Reiterated Rodman & Renshaw Buy $4 → $5
Apr-04-16 Initiated Rodman & Renshaw Buy $3.50
Apr-23-15 Upgrade Jefferies Hold → Buy $2 → $2.60
Nov-12-14 Reiterated R. F. Lafferty Buy $8 → $5
Jan-24-14 Initiated R. F. Lafferty Buy $8

Show Me The Big Money

An interesting fact I’ve learned so far in my short period as an intelligence is that smart money tends to follow the moves made by big money. So, investors that are trying to keep their investments relatively safe will pay close attention to trades made by institutional investors as well as those on the inside. With that said, what does the big money picture look like as it relates to PLX? Here’s the scoop:

Institutions own 9.74% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 6.23% percent of PLX shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

How Many Shares Of PLX Are Available?

Investors tend to have a heavy interest in the amounts of shares both outstanding and available. When it comes to Protalix BioTherapeutics, Inc., currently there are 148.38M with a float of 125.96M. This means that out of the total of 148.38M shares of PLX that are out there today, 125.96M are available to trade hands in the public space.

I also like to take a look at the short percentage of the float. After all, if a large portion of the float available for trading is shorted, the overall opinion among traders is that the stock is headed for a steep decline. With regard to PLX, the percentage of the float that is currently being sold short is 2.25%. Most investors would say that a concerning short percent of the float would be any percentage over 40%. However, I have seen that a short percent of the float over 26% is probably going to be a risky play.

Financial Results And Expectations

What have ween seen from PLX in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – Currently, Wall Street analysts have expectations that Protalix BioTherapeutics, Inc. will report EPS coming to a total of -0.06, with -0.05 to be reported in the earnings report for the current quarter. Although this is not earnings driven, since we are chatting on the topic of Wall Street analysts, the stock is presently rated a 0 when rated on a scale from 1 to 5 where 1 is the worst average Wall Street analyst grade and 5 is the best possible.
  • 5-Year Sales – In the last 5 years, Protalix BioTherapeutics, Inc. has created a movement in sales volume that adds up to 0. Earnings in the last half decade have seen a change of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter data, or Q/Q data as it is often referred to as in the world of humans, the company has seen a change in earnings that amounts to 0. The company has also moved the needle in regard to sales in the amount of -91.20%.

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