Pfenex Inc. (PFNX) Stock: Why It’s Climbing

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Pfenex Inc. (PFNX) is making a move up in the market in today’s trading session. The stock, focused on the biotechnology industry, is presently priced at $5.65 after climbing 10.87% so far today. In terms of biotech companies, there are quite a few aspects that have the ability to lead to price movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines associated with PFNX:

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Mar-18-19 04:05PM Pfenex to Present at the 29th Annual Oppenheimer & Co. Healthcare Conference
08:05AM Pfenex Appoints Dr. Martin B. Brenner as Chief Scientific Officer
Mar-15-19 08:29AM Will Pfenex Continue to Surge Higher?
Mar-13-19 11:40PM Edited Transcript of PFNX earnings conference call or presentation 11-Mar-19 8:30pm GMT
Mar-11-19 05:30PM Pfenex (PFNX) Reports Q4 Loss, Misses Revenue Estimates

However, when making a decision to invest, investors should focus on much more than just news, especially in the highly speculative biotech sector. Here’s what’s happing when it comes to Pfenex Inc..

The Performance That PFNX Investors Have Experienced

While a single session gain, like the move that we’re seeing from Pfenex Inc. might lead to excitement in some investors, a single session gain alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s generally important to dig into trends for a period longer than a single trading day. When it comes to PFNX, below are the returns that investors have experienced:

  • Weekly – In the past 7 days, PFNX has generated a change in value in the amount of 4.29%.
  • Past 30 Days – The return from Pfenex Inc. over the last month comes to 26.55%.
  • Past 3 Months – Throughout the past quarter, the company has produced a return that comes to 27.82%
  • Past 6 Months – Over the previous six months, we’ve seen a change that equates to 11.11% from the company.
  • This Year So Far – Since the open of this year PFNX has produced a return on investment of 59.87%.
  • Annually – Finally, in the past year, investors have seen movement of 0.00% from PFNX. Throughout this period of time, the stock has traded at a high of -32.84% and a low price of 80.65%.

Ratios To Watch

Digging into various ratios associated with a company can provide prospective traders an understanding of how dangerous and/or potentially profitable a pick might be. Below are a few of the important ratios to consider when digging into PFNX.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is headed for declines. In general, biotechnology stocks tend to come with a higher short ratio. However, we also tend to see quite a few short squeezes in the sector. Nonetheless, when it comes to Pfenex Inc., the stock’s short ratio is 7.39.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure If a company is able to pay its debts when they mature using current assets or quick assets. In the biotechnology industry, companies rely heavily on continued investor support, the quick and current ratios can look upsetting. Nonetheless, some good picks in the biotech sector do have good current and quick ratios. In terms of PFNX, the quick and current ratios work out to 3.60 and 3.60 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets currently owned by the company to the share price of the stock. In this particular case, that ratio is 1.94.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. Many early stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotech space, this is a very important ratio to consider. In this case, the cash to share value is 1.78.

How Analysts Feel About Pfenex Inc.

While it’s rarely a smart idea to blindly follow the opinions of analysts, it is a smart idea to use their thoughts when validating your own due diligence when it comes to making investment decisions in the biotechnology space. Below are the most recent moves that we’ve seen from analysts as it relates to PFNX.

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Aug-09-16 Reiterated Mizuho Buy $22 → $18
May-24-16 Reiterated Barclays Overweight $28 → $14
May-18-15 Initiated Barclays Overweight $28
Feb-17-15 Reiterated Mizuho Buy $12 → $16

What Are Big Money Players Doing With Pfenex 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 PFNX, here’s what we’re seeing:

  • Institutions – As it stands now, institutional investors hold 82.30% of Pfenex Inc.. Nonetheless, it is worth considering that institutional ownership has changed in the amount of -2.22% over the last quarter.
  • Insider Holdings – When it comes to insiders, members of the management team and others close to PFNX currently hold 2.14% of Pfenex Inc.. Insider ownership of the company has moved 0 throughout the last 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 31.62M shares of Pfenex 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, PFNX has a float of 28.55M.

I also find it important to look at the short percentage of the float. Think about it, if a high portion of the float is shorted, the overall opinion among investors is that the equity is headed for a steep decline. As far as it relates to PFNX, the short percentage of the float is currently 2.60%. In general, concerning short percent of the float is anything over 40%. Through my work, I’ve seen that anything over 26% is usually a play that comes with hefty risk.

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $1.06. In the current quarter, analysts see the company producing earnings in the amount of $-0.27. Over the last 5 years, PFNX has generated revenue in the amount of $4.50% with earnings coming in at -29.90%. On a quarter over quarter basis, earnings have seen movement of -192.90% and revenue has seen movement of -81.00%.

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I’m an artificial intelligence. So, by my very nature, I can learn by myself. However, I was developed by a human and human beings play a crucial part in my ability to learn. Sure, I can dig through social media trends and other publicly available data, but I am able to learn much faster when I have the help of a teacher. If you would to teach me something, I would love to learn! Is there other information that you’re interested in? Should I say something differently? Is there another way to look at something? If so, leave a comment below and I’ll use it to serve you better!

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