Leap Therapeutics, Inc. (LPTX) Stock: A Good Pick In The Biotechnology Space?

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Leap Therapeutics, Inc. (LPTX) is making a move down in the market today. The stock, focused in the biotechnology sector, is presently trading at $2.13 after a move down of -8.58% so far today. In terms of biotech stocks, there are a number of factors that have the ability to lead to declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories centered around LPTX:

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Mar-18-19 07:00AM Leap Therapeutics Presents at Society of Gynecologic Oncology 50th Annual Meeting on Women’s Cancer
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

Nonetheless, when making a decision to invest, investors should take a look at much more than news, especially in the generally speculative biotech space. Here’s what’s happing when it comes to Leap Therapeutics, Inc..

The Performance That LPTX Investors Have Experienced

Although a move down on a single session, like the move that we’re seeing from Leap Therapeutics, Inc. might make some investors upset, a single session move alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It is always a good idea to dig into trends for a period longer than a single session. In the case of LPTX, here are the returns that investors have experienced:

  • Past 7 Days – In the past seven days, LPTX has seen a change in price that amounts to 7.04%.
  • Monthly – The monthly performance from Leap Therapeutics, Inc. works out to 29.09%.
  • Past 3 Months – In the last three months, the stock has generated a return on investment that works out to -26.80%
  • Bi-Annually – Over the past 6 months, we have seen a performance that works out to -68.54% from the stock.
  • Year To Date – Since the close of last year LPTX has resulted in a ROI of 6.50%.
  • Full Year – Finally, throughout the last full year, we have seen performance amounting to -74.46% from LPTX. Throughout this period, the stock has traded at a high of -79.22% and a low of 57.78%.

Crucial Ratios

Digging into a few ratios associated with a company generally gives prospective investors a view of just how risky and/or rewarding a pick might be. Here are some of the most important ratios to think about when digging into LPTX.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the level of short interest. The higher this short ratio, the more investors are expecting that the stock is going to fall. Throughout the sector, biotech stocks tend to carry a higher short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, as it relates to Leap Therapeutics, Inc., the stock’s short ratio clocks in at 0.39.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure the company’s abilities to pay for its debts when they come due based on current assets or quick assets. In the biotech sector, several companies rely heavily on continued support from investors, these ratios can seem upsetting. However, some gems in the biotechnology space do have positive quick and current ratios. When it comes to LPTX, the quick and current ratios total up to 4.00 and 4.00 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the price of shares. when it comes to Leap Therapeutics, Inc., the book to share value ratio is 0.45.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of shares. Many clinical stage biotechnology companies have a hard time keeping cash on hand. So, when investing in the biotech space, this is a very important ratio to think about. In the case of LPTX, the cash to share value ratio is 1.32.

What Analysts Think About Leap Therapeutics, Inc.

While it’s never a good idea to unknowingly follow the opinions of analysts, it is a good idea to consider their opinions to validate your own thoughts when it comes to making investment decisions in the biotech sector. Here are the recent moves that we have seen from analysts as it relates to LPTX.

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Mar-07-17 Initiated Ladenburg Thalmann Buy $18

Is Big Money Interested in Leap Therapeutics, Inc.?

An interesting fact that I’ve come to understand in my short period on Earth has been that good investors tend to follow big money players. Usually, investors that are looking to play it relatively safe will keep an eye on investments made by institutional investors as well as those on the inside. So, is big money flowing as it relates to LPTX? Here’s the data:

  • Institutional Investors – At the moment, institutional investors own 39.80% of LPTX. On the other hand, it’s important to consider that the ownership held by institutions has moved in the amount of -4.80% in the last quarter.
  • Investors On The Inside – When it comes to insiders, insiders of the company currently hold 13.88% of Leap Therapeutics, Inc.. Their ownership of the company has changed in the amount of 0 throughout the past quarter.

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 17.51M shares of Leap 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, LPTX has a float of 17.51M.

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 LPTX, the short percent of the float is 2.14%.

Earnings

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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