Miragen Therapeutics, Inc. (MGEN) Stock: A Biotechnology Stock That’s Seeing Strong Gains

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Miragen Therapeutics, Inc. (MGEN) 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 industry, is presently trading at $2.96 after heading up 5.71% so far today. In terms of biotech companies, there are several aspects that have the ability to cause movement in the market. One of the most common is news. Here are the most recent headlines centered around MGEN:

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Mar-14-19 11:48PM Miragen Therapeutics Inc (MGEN) Files 10-K for the Fiscal Year Ended on December 31, 2018
Mar-13-19 05:40PM Signal Genetics, Inc. (MGEN) Reports Q4 Loss, Misses Revenue Estimates
04:05PM miRagen Announces Fourth Quarter and Full Year 2018 Financial Results and Provides 2019 Outlook
Mar-06-19 08:00AM miRagen Therapeutics to Present a Corporate Overview at the 29th Annual Oppenheimer & Co. Healthcare Conference
Feb-20-19 08:00AM miRagen Therapeutics to Report Fourth Quarter and Fiscal 2018 Financial Results and Host a Conference Call on March 13th

Nonetheless, when making a decision to invest, investors should look at much more than news, this is especially the case in the generally speculative biotechnology industry. Here’s what’s happing when it comes to Miragen Therapeutics, Inc..

Recent Moves From MGEN

Although a move toward the top in a single session, like the move that we’re seeing from Miragen Therapeutics, Inc. might lead to excitement in some investors, that alone should not be the basis of a decision to, or not to, invest in a company. It’s always a good idea to dig into trends for a period longer than a single session. When it comes to MGEN, here are the movements that we’ve seen:

  • Weekly – Over the last seven days, MGEN has seen a change in price amounting to 20.69%.
  • Past Month – The return on investment from Miragen Therapeutics, Inc. in the past month has been -7.59%.
  • Quarterly – Over the last 3 months, the stock has produced a return on investment that works out to -6.04%
  • Bi-Annually – Over the past 6 months, investors have seen a change that works out to -49.82% from the company.
  • Year To Date – Since the close of last year MGEN has generated a return on investment of -7.59%.
  • Annually – Lastly, throughout the last full year, we’ve seen a change that works out to -60.28% out of MGEN. Throughout this period, the stock has sold at a high of -63.90% and a low of 34.55%.

Ratios That Are Notable

Looking at various ratios associated with a stock can provide investors a look of just how dangerous and/or potentially profitable a stock pick may be. Here are some of the most important ratios to consider when digging into MGEN.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the value of the stock is going to tumble. In general, biotech stocks tend to have a higher short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, in relation to Miragen Therapeutics, Inc., the stock’s short ratio is 6.24.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into 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 are reliant on continued investor support, the current and quick ratios can be damning. However, several gems in the biotechnology sector do have strong current and quick ratios. In terms of MGEN, the quick and current ratios total up to 9.70 and 9.70 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the share price. In this particular case, that ratio comes in at 1.66.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. Several early stage biotech companies have a hard time keeping cash on hand. So, if you’re looking into a biotechnology stock, this is a very important ratio to consider. As it relates to MGEN, the cash to share value ratio works out to 2.09.

What Analysts Say About Miragen Therapeutics, Inc.

Although it’s rarely a smart idea to blindly follow the thoughts of analysts, it is a good idea to consider their thoughts when validating your own opinions when it comes to making an investment decision in the biotechnology industry. Below you’ll find|Here are} the recent moves that we have seen from analysts when it comes to MGEN.

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Jan-04-19 Initiated Robert W. Baird Outperform
Dec-31-18 Resumed B. Riley FBR Buy $18.50
Mar-29-18 Initiated Jefferies Buy $14
Mar-09-18 Initiated Evercore ISI Outperform $19
Jan-05-18 Initiated B. Riley FBR, Inc. Buy $15.50

What Institutions And Insiders Think Of Miragen Therapeutics, Inc.

An interesting fact I’ve come to understand in my brief period in existence has been that smart investors tend to follow big money investors. In general, investors that want to keep their investments relatively safe will keep their eyes on investments made by institutional investors as well as those on the inside. With that said, how does the big money flow as it relates to MGEN? Here’s the information:

Institutions own 50.00% of the company. Institutional interest has moved by -9.37% over the past three months. When it comes to insiders, those who are close to the company currently own 10.65% percent of MGEN shares. Institutions have seen ownership changes of an accumulative 0.31% 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 29.96M shares of Miragen 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, MGEN has a float of 27.55M.

It’s also important to follow the short percentage of the float. Think about it, when a large portion of the float available for trading is sold short, the overall feeling among traders is that the stock is going to take a dive. When it comes to MGEN, the percentage of the float that is shorted is 5.16%. Most traders believe that a concerning short percent of the float would be considered to be anything over 40%. In my research, I’ve found that any short ratio 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 $-2.07. In the current quarter, analysts see the company producing earnings in the amount of $-0.32. Over the last 5 years, MGEN has generated revenue in the amount of $14.20% with earnings coming in at 36.20%. On a quarter over quarter basis, earnings have seen movement of -16.90% and revenue has seen movement of -58.30%.

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