BioTime, Inc. (BTX) Stock: Here’s Why It’s Down

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BioTime, Inc. (BTX) is making a move down in the market today. The stock, one that is focused in the biotech space, is currently priced at $1.63 after a move down of -5.78% so far in today’s session. In terms of biotechnology stocks, there are quite a few aspects that have the potential to cause movement in the market. News is one of the most common reasons for movement. Here are the most recent stories relating to BTX:

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Mar-18-19 10:17AM Edited Transcript of BTX earnings conference call or presentation 14-Mar-19 8:30pm GMT
08:00AM BioTime to Present at Oppenheimer & Co. 29th Annual Healthcare Conference on March 20, 2019
Mar-14-19 05:02PM BioTime: 4Q Earnings Snapshot
04:05PM BioTime Reports Fourth Quarter and Full Year 2018 Financial Results and Provides Business Update
Mar-11-19 08:00AM BioTime Announces Closing of Acquisition of Asterias Biotherapeutics Creating Leading Cell Therapy Company

Nonetheless, when making an investing decision, investors should take a look at far more than news, this is especially the case in the speculative biotech sector. Here’s what’s going on with BioTime, Inc..

How BTX Has Been Trending

Although a move toward the top in a single session, like the move that we’re seeing from BioTime, Inc. may make some investors upset, a single session decline by itself should not be the reason for a decision to, or not to, buy a company’s stock. It is generally smart to look at trends further out than a single trading session. In the case of BTX, here are the returns on investment that investors have seen:

  • Weekly – Throughout the past week, BTX has generated a change in value amounting to 11.64%.
  • Monthly – The return from BioTime, Inc. over the past 30 days works out to 41.74%.
  • Past Quarter – Over the last 3 months, the stock has generated a return on investment of 32.52%
  • Past Six Months – Throughout the past 6 months, we’ve seen a performance that equates to 0.06% from the stock.
  • Year To Date – Since the the first trading session of this year BTX has produced a return of 78.53%.
  • Annually – Lastly, over the past full year, we have seen movement amounting to -15.30% out of BTX. Over this period of time, the stock has traded at a high price of -23.44% and a low price of 146.97%.

Key Ratios

Looking at a few ratios having to do with a company can provide prospective investors a look of just how risky and/or rewarding a pick may be. Below are a few of the most important ratios to look at when looking at BTX.

Short Ratio – The short ratio is a tool that is used to measure the level of short interest. The higher this ratio, the more investors are expecting that the value of the stock is going to fall. Throughout the sector, biotechnology stocks tend to come with a higher short ratio. However, we also tend to see a lot of short squeezes in the industry. Nonetheless, as it relates to BioTime, Inc., it’s short ratio is 9.32.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Essentially, they measure If a company is able to pay for its debts when they mature using current assets or quick assets. Because many biotech several companies rely on the continuation of investor support, the quick and current ratios can look bad. Nonetheless, several better companies in the biotechnology sector come with strong current and quick ratios. In terms of BTX, the quick and current ratios come to 5.30 and 5.30 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price. In this case, the book to share value ratio comes in at 0.74.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of shares. Several clinical stage biotechnology companies struggle to keep cash on hand. So, if you’re considering an investment in a stock in the biotechnology industry, this is an important ratio to think about. In this case, the cash to share value ratio comes to 0.24.

How Analysts Feel About BioTime, Inc.

Although it’s not a good idea to blindly follow the opinions of analysts, it is a smart idea to use their opinions when validating your own thoughts before making investment decisions in the biotech sector. Here are the most recent moves that we have seen from analysts as it relates to BTX.

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Feb-21-19 Initiated H.C. Wainwright Buy $4
Jan-24-19 Initiated Maxim Group Buy $3
Dec-11-18 Initiated Oppenheimer Outperform $3.50
Feb-02-18 Initiated Lake Street Buy $8
Mar-31-17 Initiated Raymond James Outperform $6

What Institutions And Insiders Think Of BioTime, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in BTX, here’s what we’re seeing:

Institutions own 45.10% of the company. Institutional interest has moved by 2.92% over the past three months. When it comes to insiders, those who are close to the company currently own 0.80% percent of BTX shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Float Information

Investors tend to like to know the counts of shares both available and outstanding. As far as BioTime, Inc., there are currently 127.00M with a float of 118.91M. These data mean that out of the total of 127.00M shares of BTX currently in existence today, 118.91M are available to be traded on the market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to BTX, the short percent of the float is 8.33%.

What We’ve Seen In Financial Results

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

  • Analyst Expectations – As it stands at the moment, Wall Street analysts are expecting that BioTime, Inc. will generate EPS that totals up to be -0.25, with -0.06 to be reported in the earnings report for the current quarter. Although this isn’t earnings driven, since we’re chatting on the topic of analysts, BTX is currently rated a 1.70 considering a scale that ranges from 1 to 5 on which 1 is the worst possible Wall St. analyst grade and 5 is the best rating.
  • 5-Year Sales – Throughout the last half decade, BioTime, Inc. has created a movement in sales volume in the amount of 2.40%. Earnings through the last 5 years have generated a change of 0.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is often explained in the human world, BioTime, Inc. has seen a change in earnings in the amount of 0. BioTime, Inc. has also seen a change when it comes to sales volume that totals -20.00%.

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