Myovant Sciences Ltd. (MYOV) Stock: A Biotechnology Stock That’s Climbing

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Myovant Sciences Ltd. (MYOV) is gaining in the market in today’s trading session. The stock, focused on the biotechnology space, is presently priced at $24.29 after a move up of 5.75% so far in today’s session. When it comes to biotech companies, there are quite a few factors that have the potential to lead to movement in the market. News is one of the most common reasons for movement. Here are the recent headlines centered around MYOV:

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Mar-05-19 08:30AM Myovant Sciences to Present at Upcoming Investor Conferences
Feb-21-19 05:00AM Myovant- "Value Creation" in Cancer Treatment
Feb-08-19 10:40AM 4 Disruptive Healthcare Stocks You’ve Never Heard Of
Feb-07-19 06:17PM Myovant Sciences: Fiscal 3Q Earnings Snapshot
04:05PM Myovant Provides Corporate Updates and Reports Financial Results for Third Fiscal Quarter Ended December 31, 2018

Nonetheless, when making a decision to invest, investors should look at far more than news, especially in the speculative biotech industry. Here’s what’s happing when it comes to Myovant Sciences Ltd..

Recent Movement Out of MYOV

Although a move toward the top in a single session, like the gain that we’re seeing from Myovant Sciences Ltd. might lead to excitement in some investors, a single session move alone should not be the basis of a decision to, or not to, buy a company’s stock. It’s always a good idea to look at trends beyond a single session. When it comes to MYOV, below are the movements that we’ve seen:

  • Past 5 Trading Sessions – Throughout the last five trading sessions, MYOV has generated a change in price amounting to 9.17%.
  • Monthly – The monthly returns from Myovant Sciences Ltd. has been 14.36%.
  • Quarterly – Over the past three months, the company has produced a return that comes to 40.57%
  • Past 6 Months – Over the last six months, investors have seen a change that equates to 2.58% from the company.
  • This Year So Far – Since the the first trading session of this year MYOV has resulted in a return on investment of 48.02%.
  • Annually – Lastly, throughout the last year, we have seen a change of 33.02% from MYOV. Throughout this period of time, the stock has traded at a high price of -11.51% and a low of 69.62%.

Key Ratios

Digging into various key ratios having to do with a stock generally gives traders a view of how risky and/or potentially profitable a pick might be. Below are some of the important ratios to look at when digging into MYOV.

Short Ratio – The short ratio is a tool that’s used to measure the amount of short interest. The higher this short ratio, the more investors believe that the stock is going to go down. Throughout the sector, biotechnology stocks tend to come with a higher short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, with regard to Myovant Sciences Ltd., it’s short ratio comes to 21.98.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure whether or not a company can pay for its debts when they come due with only quick assets or current assets. Because many biotech several companies rely on continued investor support, the quick and current ratios can look bad. Nonetheless, several gems in the biotech space come with good quick and current ratios. When it comes to MYOV, the quick and current ratios work out to 3.50 and 3.50 respectively.  

Book To Share Value – The book to share value 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 is 0.69.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the value of shares. Several early stage biotechnology companies have a hard time keeping cash on hand. So, when investing in the biotech industry, this is a very important ratio to look into. In terms of MYOV, the cash to share value comes to 2.59.

How Analysts Feel About Myovant Sciences Ltd.

While it’s rarely a smart idea to unknowingly follow the opinions of analysts, it is a good idea to use their analysis to validate your own before making investment decisions in the biotechnology space. Below are the most recent moves that we’ve seen from analysts as it relates to MYOV.

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Feb-13-19 Upgrade Barclays Equal Weight → Overweight $22 → $25
Oct-26-18 Initiated Goldman Neutral $25
Sep-13-18 Initiated JP Morgan Overweight $39
Apr-25-18 Reiterated Citigroup Buy $17 → $44
Apr-05-18 Downgrade Barclays Overweight → Equal Weight $18

Big Money And Myovant Sciences Ltd.

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 MYOV, here’s what we’re seeing:

Institutions own 30.50% of the company. Institutional interest has moved by 15.62% over the past three months. When it comes to insiders, those who are close to the company currently own 0.10% percent of MYOV shares. Institutions have seen ownership changes of an accumulative -0.37% over the last three months.

Float Information

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 70.68M shares of Myovant Sciences Ltd. 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, MYOV has a float of 19.84M.

It’s also important to take a look at the short percentage of the float. After all, if a large percentage of the float available for trading is sold short, the overall feeling among investors is that the equity is going to fall. When it comes to MYOV, the percentage of the float that is sold short comes to a total of 7.03%. In general, high short percent of the float would be anything over 40%. However, I’ve seen that a short percent of the float over 26% is probably going to be a play that comes with hefty risk.

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-3.90. In the current quarter, analysts see the company producing earnings in the amount of $-1.02. Over the last 5 years, MYOV 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 -49.10% and revenue has seen movement of 0.

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