Leap Therapeutics, Inc. (LPTX) Stock: A Biotech Stock That’s Making Its Way For The Top

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Leap Therapeutics, Inc. (LPTX) is working its way for to the top in the market today. The company, focused on the biotechnology sector, is currently trading at $2.25 after gaining 21.62% so far today. As it relates to biotech stocks, there are a number of factors that have the ability to lead to movement in the market. One of the most common is news. Here are the recent stories surrounding 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

However, when making a decision to invest, investors should look at far more than just news, this is especially the case in the highly speculative biotechnology sector. Here’s what’s going on with Leap Therapeutics, Inc..

Performance Trends That We’ve Seen From LPTX

While a gain in a single session, like what we’re seeing from Leap Therapeutics, Inc. might make some investors happy, a single session gain by itself should not be the reason for a decision to, or not to, invest in a company. It’s generally smart to take a look at trends for a period longer than a single session. As it relates to LPTX, here are the trends that we’ve seen:

  • Past Seven Days – Throughout the last seven days, LPTX has generated a price change in the amount of 28.57%.
  • Past 30 Days – The performance from Leap Therapeutics, Inc. in the last 30 days has been 44.23%.
  • Quarterly – Throughout the last three months, the stock has generated a ROI that works out to -27.42%
  • Bi-Annually – Over the previous 6 months, we’ve seen a change that equates to -67.93% from the stock.
  • Year To Date – Since the open of this year LPTX has generated a return on investment of 12.50%.
  • Full Year – Lastly, over the past full year, investors have seen movement in the amount of -70.93% from LPTX. Over this period of time, the stock has sold at a high price of -78.05% and a low price of 66.67%.

Rations That Traders Should Consider

Looking at a few ratios having to do with a company can give prospective traders an understanding of just how dangerous and/or rewarding a an investment option may be. Below are a few of the most important ratios to look at when looking at LPTX.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is going to fall. Across the sector, biotechnology stocks can carry a higher short ratio. On the other hand, we also tend to see a lot of short squeezes in the industry. Nonetheless, in regard to Leap Therapeutics, Inc., it’s short ratio comes to 0.59.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure whether or not a company can cover its debts when they mature based on current assets or quick assets. In the biotech industry, many companies are reliant on the continuation of support from investors, the quick and current ratios can be upsetting. However, some gems in the biotech sector come with positive current and quick ratios. In terms of LPTX, the quick and current ratios come to 4.00 and 4.00 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 of the stock. In this case, that ratio equates to 0.45.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the value of shares. Several early stage biotech companies struggle to keep cash on hand. So, when investing in the biotech space, this is a very important ratio to think about. In this case, the cash to share value ratio works out to 1.32.

What Analysts Say About Leap Therapeutics, Inc.

While it’s not 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 in order to validate your own when it comes to making investment decisions in the biotech industry. Below are|Here are} the recent moves that we’ve seen from analysts as it relates to LPTX.

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Mar-07-17 Initiated Ladenburg Thalmann Buy $18

What Institutions And Insiders Think Of Leap Therapeutics, Inc.

An interesting fact I have learned in my short period alive, or somewhat alive has been that smart investors tend to follow the moves made by big money. Usually, investors that want to keep the risk down will pay close attention to trades made by institutions as well as insiders. So, is big money interested in regard to LPTX? Here’s what’s going on:

  • Institutions – As it stands now, institutional investors hold 39.80% of LPTX. Nonetheless, it’s important to mention that the ownership held by institutions has moved in the amount of -4.80% throughout the past 3 months.
  • Insider Moves – as it relates to insiders, members of the management team and others close to LPTX currently hold 13.88% of the company. Insider ownership of the company has moved 0 in the past 3 months.

What You Need To Know About Share Counts

Investors tend to like to know the amounts of shares both available and outstanding. As far as Leap Therapeutics, Inc., currently there are 17.51M and there is a float of 17.51M. These numbers mean that out of the total of 17.51M shares of LPTX that are out there today, 17.51M are available to trade hands on the market.

I also find it important to pay attention to the short percentage of the float. After all, when a high percentage of the float available for trading is sold short, the overall opinion in the market is that the equity is headed for a deep dive. As far as it relates to LPTX, the percentage of the float that is sold short is 2.14%. Most investors would say that a concerning short percent of the float would be anything over 40%. Through my work, I’ve seen that a short percent of the float over 26% is usually a risky play.

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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