Equillium, Inc. (EQ) Stock: Here’s What’s Happening

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Equillium, Inc. (EQ) is headed down in the market in today’s trading session. The company, one that is focused on the biotechnology space, is presently trading at $7.00 after tumbling -5.02% so far in today’s session. As it relates to biotechnology companies, there are quite a few factors that have the ability to generate declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories centered around EQ:

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Feb-26-19 04:07PM Equillium Announces Plan to Develop EQ001 for the Treatment of Lupus Nephritis
Feb-21-19 04:07PM Equillium to Present at Leerink Partners Global Healthcare Conference
Feb-19-19 04:07PM Equillium to Host Business Update Call on February 26
Feb-07-19 08:08AM Equillium Granted U.S. FDA Orphan Drug Designations for EQ001 (itolizumab) for both the Prevention and Treatment of Acute Graft-Versus-Host Disease
Dec-19-18 08:06AM Equillium Granted U.S. FDA Fast Track Designation for EQ001 for the Treatment of Acute Graft-Versus-Host Disease

However, any time investors are making a decision to invest, investors should focus on much more than just news, especially in the generally speculative biotechnology sector. Here’s what’s going on with Equillium, Inc..

Recent Movement From EQ

While a single session decline, like what we’re seeing from Equillium, Inc. might cause fear in some investors, that by itself shouldn’t be the reason for a decision to, or not to, invest in a company. It is always smart to dig into trends further out than a single trading session. In the case of EQ, below are the returns on investment that investors have seen:

  • Past 5 Trading Sessions – In the past week, EQ has produced a change in price amounting to -8.14%.
  • Monthly – The monthly performance from Equillium, Inc. comes to 7.20%.
  • Past Three Months – Over the past quarter, the company has generated a ROI that works out to -43.41%
  • Bi-Annually – Throughout the last 6 months, we have seen a performance that equates to 0 from the stock.
  • This Year So Far – Since the the last trading session of last year EQ has generated a return of -14.22%.
  • Full Year – Lastly, in the past full year, investors have seen performance amounting to 0 out of EQ. Over this period, the stock has sold at a high price of -64.45% and a low of 27.27%.

Rations That Traders Should Look Into

Digging into a few key ratios associated with a company can provide prospective traders an understanding of how dangerous and/or rewarding a an investment option might be. Below are a few of the most important ratios to think about when digging into EQ.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the price of the stock is headed for declines. Across the sector, biotech stocks tend to have a higher short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, in relation to Equillium, Inc., the stock’s short ratio is 6.33.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure whether or not a company can cover its debts when they come due based on quick assets or current assets. Because many biotech several companies are heavily reliant on continued support from investors, these ratios can look upsetting. However, several gems in the biotechnology space come with great quick and current ratios. When it comes to EQ, the quick and current ratios come to 1.90 and 1.90 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. In this particular case, the book to share value ratio comes in at -0.93.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the price of the company’s stock. Several clinical stage biotech companies have a hard time keeping cash on hand. So, if you’re interested in a stock in the biotechnology sector, this is an important ratio to consider. As it relates to EQ, the cash to share value ratio is 0.30.

Analyst Opinions Of Equillium, Inc.

Although it’s never a smart idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to use their thoughts to validate your own before making investment decisions in the biotechnology industry. Here are the most recent moves that we have seen from analysts as it relates to EQ.

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Feb-22-19 Initiated SVB Leerink Outperform $16

Is Big Money Interested In Equillium, 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 EQ, here’s what we’re seeing:

  • Institutions – Currently, institutional investors hold 27.10% of Equillium, Inc.. On the other hand, it is important to consider that the ownership held by institutions has moved in the amount of 0 over the last 3 months.
  • Insider Holdings – with regard to insiders, those close to the company currently hold 21.30% of Equillium, Inc.. Their ownership of the company has changed by 0 over the past 3 months.

Looking At Share Counts

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 16.85M shares of Equillium, 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, EQ has a float of 6.34M.

I also find it important to look at the short percent. Think about it, if a high percentage of the float available for trading is shorted, the overall feeling among investors is that the company is going to fall. As far as it relates to EQ, the short percentage of the float is currently 4.37%. Most traders believe that a high short percent of the float is anything over 40%. Nonetheless, I’ve seen that a short ratio over 26% is usually a risky play.

Financial Performance

What have ween seen from EQ in terms of financial results?Here’s the data:

  • Analyst Expectations – Currently, Wall St. analysts expect that the company will come up with EPS coming to a total of -1.33, with -0.29 to be reported in the next financial report. Although this data is not associated with earnings, since we are chatting on the topic of Wall Street analysts, EQ is currently rated a 1.00 on a scale from 1 to 5 where 1 is the worst average Wall Street analyst grade and 5 is the best.
  • 5-Year Sales – Over the last half decade, Equillium, Inc. has reported a change in revenue that adds up to 0. Earnings per diluted share through the last half decade have generated a change of 0.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is often explained in the world of humans, the company has seen a change in earnings that amounts to -632.80%. The company has also experienced movement in regard to revenue that totals 0.

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