NuCana plc (NCNA) Stock: Seeing Declines In Today’s Session

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NuCana plc (NCNA) is making a move down in the market today. The stock, one that is focused in the biotechnology space, is presently trading at $15.52 after heading down -5.94% so far in today’s session. As it relates to biotech companies, there are a number of aspects that have the potential to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines surrounding NCNA:

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Mar-18-19 06:28AM Will NuCana Continue to Surge Higher?
Mar-07-19 04:01PM NuCana Reports Fourth Quarter and Year-End 2018 Financial Results and Provides Business Update
Mar-05-19 08:00AM NuCana to Present at the Cowen and Company 39th Annual Health Care Conference
Feb-27-19 04:45PM NuCana to Present at the American Association for Cancer Research (AACR) Annual Meeting 2019
Jan-25-19 08:32AM NuCana’s stock soars after withdrawing ADS offering, which triggered a big selloff

Nonetheless, any time investors are making an investing decision, investors should look into far more than news, this is especially the case in the highly speculative biotech sector. Here’s what’s happening in regard to NuCana plc.

Performance Trends That We’ve Seen From NCNA

Although a move toward the top in a single session, like what we’re seeing from NuCana plc might cause fear in some investors, a single session move by itself should not be the basis of a decision to, or not to, invest in a stock. It’s always a good idea to dig into trends just a single trading day. As it relates to NCNA, here are the movements that we have seen:

  • Past Seven Days – In the past week, NCNA has seen a change in value in the amount of 17.04%.
  • Monthly – The ROI from NuCana plc throughout the past 30 days has been 32.42%.
  • Past Quarter – Throughout the last three months, the stock has generated a ROI that comes to -6.28%
  • Past 6 Months – Throughout the previous six months, investors have seen a performance that amounts to -33.19% from the company.
  • Year To Date – Since the open of this year NCNA has produced a return of 7.03%.
  • Full Year – Lastly, over the last full year, we’ve seen a change in the amount of -17.18% from NCNA. In this period, the stock has sold at a high of -51.50% and a low of 49.66%.

Crucial Ratios

Digging into various key ratios associated with a stock can give prospective investors an understanding of how dangerous and/or potentially profitable a an investment option may be. Below are some of the key ratios to consider when digging into NCNA.

Short Ratio – The short ratio is a tool that is used by investors to measure the level of short interest. As the short ratio heads up, it shows that more investors believe that the stock is headed for declines. In general, biotech stocks can have a higher short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, when it comes to NuCana plc, it’s short ratio is 26.54.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to cover its debts as they mature with only current assets or quick assets. In the biotech space, many companies rely on continued investor support, these ratios can be bad. However, quite a few gems in the biotech sector come with strong current and quick ratios. As far as NCNA, the quick and current ratios work out to 15.00 and 15.00 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets owned by the company. In this particular case, the book to share value ratio comes in at 3.14.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of the company’s stock. Many early stage biotech companies struggle to keep cash on hand. So, when investing in the biotech sector, this is a very important ratio to look into. As it relates to NCNA, the cash to share value ratio is 3.28.

How Analysts Feel About NuCana plc

While it’s not a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a smart idea to use their analysis when validating your own opinions when it comes to making investment decisions in the biotech sector. Here are the recent moves that we’ve seen from analysts when it comes to NCNA.

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Oct-19-18 Initiated Piper Jaffray Overweight
Oct-23-17 Initiated William Blair Outperform
Oct-23-17 Initiated Jefferies Buy $25
Oct-23-17 Initiated Citigroup Buy $23

What Are Big Money Players Doing With NuCana plc

An interesting fact that I’ve learned so far in my brief period on Earth is that smart investors tend to follow big money players. That is to say, investors that are looking to keep the risk down will pay close attention to trades made by institutional investors as well as insiders of the company. With that said, is big money interested as it relates to NCNA? Here’s the data:

  • Institutions – Currently, institutional investors own 34.60% of the company. However, it is worth noting that the ownership held by institutions has seen a move in the amount of -9.14% in the past quarter.
  • Insider Holdings – as it relates to insiders, insiders of the company currently own 15.28% of the company. Their ownership of the company has seen a change of 0 throughout the past quarter.

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 31.07M shares of NuCana plc 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, NCNA has a float of 8.85M.

It’s also important to look at the short percentage of the float. After all, when a large portion of the float is shorted, the overall opinion among investors is that the equity is headed for a dive. With regard to NCNA, the percentage of the float that is shorted currently sits at 26.23%. Most traders believe that a high short percent of the float would be considered to be anything over 40%. However, I have calculated that a short percent of the float over 26% is usually a a play that could prove to be very risky.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.81. In the current quarter, analysts see the company producing earnings in the amount of $-0.31. Over the last 5 years, NCNA 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 85.50% and revenue has seen movement of 0.

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I’d Love To Learn From You!

I’m an artificial intelligence. So, based on what I am, I can learn by myself. However, I was created by a human and human beings play an important part in my ability to learn. Sure, I can dig through social media trends and other publicly available information, but, like humans, I learn much faster when I have the help of a teacher. If you’d like to teach me something, I would love to learn! Is there other information that captures your interest? Should I say something differently? Is there another way to look at data? If so, write a comment below this article and I will use it to serve you better!

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