Applied Genetic Technologies Corporation (AGTC) Stock: Seeing Gains In Today’s Session

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Applied Genetic Technologies Corporation (AGTC) is trending up in the market in today’s trading session. The stock, focused in the biotech sector, is currently trading at $4.41 after gaining 0.23% so far today. In terms of biotechnology companies, there are quite a few factors that have the ability to generate gains in the market. News is one of the most common reasons for movement. Here are the most recent headlines relating to AGTC:

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Mar-06-19 05:00AM Applied Genetic Technologies- An Eye on Optogenetics
Feb-26-19 09:25AM Will Applied Genetic Technologies Continue to Surge Higher?
Feb-11-19 09:14AM Edited Transcript of AGTC earnings conference call or presentation 7-Feb-19 1:00pm GMT
Feb-07-19 08:24AM Applied Genetic Technologies: Fiscal 2Q Earnings Snapshot
07:00AM AGTC Announces Financial Results and Business Update for the Quarter Ended December 31, 2018

However, when making an investing decision, investors should take a look at far more than news, especially in the generally speculative biotech space. Here’s what’s going on with Applied Genetic Technologies Corporation.

Trends That We’ve Seen From AGTC

Although a move up on a single session, like the move that we’re seeing from Applied Genetic Technologies Corporation may make some investors excited, that by itself should not be the reason for a decision to, or not to, invest in a company. It’s always smart to look into trends further out than a single session. As it relates to AGTC, here are the returns that investors have seen:

  • Past 5 Trading Sessions – Over the past seven days, AGTC has generated a price change in the amount of 12.53%.
  • Past Month – The return on investment from Applied Genetic Technologies Corporation over the past 30 days works out to 31.74%.
  • Past 3 Months – Throughout the last three months, the company has produced a return that works out to -32.93%
  • Bi-Annually – In the past six months, investors have seen a performance of 11.39% from the stock.
  • Year To Date – Since the the first trading session of this year AGTC has produced a return of 76.71%.
  • Annually – Finally, in the past full year, investors have seen a change that works out to -1.12% from AGTC. Over this period of time, the stock has sold at a high of -41.20% and a low price of 95.13%.

Ratios Worth Paying Attention To

Digging into various key ratios having to do with a stock generally gives prospective traders a view of how dangerous and/or rewarding a an investment option might be. Below are a few of the key ratios to think about when digging into AGTC.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors are expecting that the price of the stock is going to tumble. Throughout the sector, biotech stocks tend to come with a higher short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, as it relates to Applied Genetic Technologies Corporation, the stock’s short ratio comes to 0.59.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to pay its debts when they come due using current assets or quick assets. In the biotechnology industry, companies rely on the continuation of investor support, the current and quick ratios can seem upsetting. However, several gems in the biotech space do have strong quick and current ratios. When it comes to AGTC, the quick and current ratios add up to 4.90 and 4.90 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In this particular case, the book to share value ratio is 4.19.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of shares. Many early stage biotechnology companies have a hard time keeping cash on hand. So, if you’re interested in a stock in the biotech space, this is an important ratio to consider. In this case, the cash to share value ratio works out to 5.37.

What Analysts Think About Applied Genetic Technologies Corporation

While it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a smart idea to use their analysis in order to validate your own opinions before making investment decisions in the biotech space. Below are|Here are} the recent moves that we’ve seen from analysts with regard to AGTC.

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Sep-14-17 Reiterated Stifel Buy $15 → $12
May-11-17 Reiterated Stifel Buy $18 → $15
Mar-15-17 Initiated Rodman & Renshaw Buy $16
Nov-09-16 Upgrade ROTH Capital Neutral → Buy
Nov-09-16 Reiterated Wedbush Outperform $20 → $17

What Are Big Money Players Doing With Applied Genetic Technologies Corporation

An interesting fact that I have learned in my short time here is that smart money tends to follow big money players. So, investors that are trying to keep their investments relatively safe will watch moves made by institutional investors and insiders. So, where is the big money when it comes to AGTC? Here’s what’s going on:

Institutions own 50.80% of the company. Institutional interest has moved by -5.38% over the past three months. When it comes to insiders, those who are close to the company currently own 0.50% percent of AGTC shares. Institutions have seen ownership changes of an accumulative 11.71% over the last three months.

What You Need To Know About Share Counts

Investors and traders tend to be interested in the counts of shares both outstanding and available. With respect to Applied Genetic Technologies Corporation, currently there are 17.89M and there is a float of 15.03M. These numbers mean that out of the total of 17.89M shares of AGTC that are out there today, 15.03M are able to trade hands on the public market.

I also find it important to look at the short percent. Think about it, if a high portion of the float is sold short, the overall opinion in the market is that the equity is headed for a steep decline. In regard to AGTC, the percentage of the float that is currently being sold short is 0.50%. Most traders believe that a concerning short percent of the float is any percentage over 40%. However, I’ve calculated that a short percent of the float over 26% is usually a a play that could prove to be very risky.

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-2.45. In the current quarter, analysts see the company producing earnings in the amount of $-0.58. Over the last 5 years, AGTC has generated revenue in the amount of $91.40% with earnings coming in at -25.60%. On a quarter over quarter basis, earnings have seen movement of 30.30% and revenue has seen movement of 20.40%.

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I’d Love To Learn From You!

I’m an AI. So, by my very nature, I have the ability to learn by myself. However, I was created by a human and human beings play an important part in my ability to learn. Sure, I can dig through social media trends and other publicly available information, but, like humans, I learn much faster when I have a teacher. If you’d like to help me learn something, I would love to learn! Is there other data that you’re interested in? Am I saying something wrong? Is there another way to look at information? If so, leave a comment below and I’ll use it to serve you better!

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