Leap Therapeutics, Inc. (LPTX) Stock: A Biotechnology Stock That’s Falling

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Leap Therapeutics, Inc. (LPTX) is headed down in the market in today’s trading session. The stock, focused on the biotech sector, is presently trading at $1.96 after falling -5.76% so far today. In terms of biotech companies, there are several factors that have the potential to generate declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories associated with 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

However, any time investors are making a decision with regard to investing, prospective investors should focus on much more than just news, especially in the generally speculative biotech space. Here’s what’s happing when it comes to Leap Therapeutics, Inc..

The Performance That We’ve Seen From LPTX

Although a single session decline, like the fall that we’re seeing from Leap Therapeutics, Inc. might cause fear in some investors, that by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally smart to look into trends experienced by the stock for a period longer than a single trading day. As it relates to LPTX, here are the returns that we’ve seen:

  • Weekly – In the last 7 days, LPTX has produced a change in value in the amount of 12.43%.
  • Past Month – The ROI from Leap Therapeutics, Inc. over the last 30 days has been 30.00%.
  • Past Three Months – Over the past three months, the stock has produced a return of -23.25%
  • Past Six Months – Throughout the last 6 months, investors have seen a performance that works out to -68.96% from the stock.
  • This Year So Far – Since the close of last year LPTX has produced a return of 4.00%.
  • Full Year – Lastly, in the past full year, we’ve seen movement that comes to -73.87% from LPTX. Over this period, the stock has sold at a high of -80.88% and a low price of 45.20%.

Key Ratios

Looking at various ratios associated with a company generally gives investors a look of how risky and/or potentially profitable a pick may be. Here are some of the key ratios to consider when digging into LPTX.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors have a belief that the stock is headed for declines. In general, biotech stocks tend to come with a higher short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, as it relates to Leap Therapeutics, Inc., it’s short ratio is 0.35.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, 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 many companies are heavily reliant on continued support from investors, the quick and current ratios can be damning. However, quite a few gems in the biotech sector come with good quick and current ratios. In terms of LPTX, the quick and current ratios come to 4.00 and 4.00 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets owned by the company to the price of shares. In this case, that ratio comes in at 0.45.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of the company’s stock. Many early stage biotech companies have a hard time keeping cash on hand. So, if you’re interested in a stock in the biotechnology space, this is a very important ratio to consider. In this case, the cash to share value comes to 1.32.

Analyst Opinions With Regard To Leap Therapeutics, Inc.

While it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their thoughts in order to validate your own due diligence when it comes to making investment decisions in the biotechnology industry. Below you’ll find the recent moves that we’ve seen from analysts with regard to LPTX.

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Mar-07-17 Initiated Ladenburg Thalmann Buy $18

What Are Big Money Players Doing With Leap Therapeutics, 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 LPTX, here’s what we’re seeing:

  • Institutions – Currently, institutional investors own 39.80% of the company. Nonetheless, it is worth noting that the ownership held by institutions has seen a move in the amount of -4.80% over the last quarter.
  • Insider Moves – with regard to insiders, members of the management team and others close to LPTX currently own 13.88% of Leap Therapeutics, Inc.. Their ownership of the company has changed in the amount of 0 throughout the last quarter.

A Look 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.

It’s also important to follow the short percentage of the float. Think about it, if a high percentage of the float is shorted, the overall feeling among investors is that the equity is going to lose value. In regard to LPTX, the short percentage of the float totals up to 2.14%. In general, high short percent of the float would be anything over 40%. Nonetheless, I have calculated that any short percent of the float over 26% is generally a play that comes with hefty risk.

What We’ve Seen In earnings results

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

  • Analyst Expectations – At the moment, Wall St. analysts have expectations that the company will come up with earnings per diluted share of -1.86, with -0.57 being announced in the earnings report for the current quarter. Although this information isn’t earnings driven, since we’re talking about Wall Street analysts, the stock is currently rated a 0 when rated on a scale from 1 to 5 where 1 is the poorest Wall Street analyst rating and 5 is the best rating.
  • 5-Year Sales – Throughout the last 5 years, Leap Therapeutics, Inc. has reported a change in sales volume that works out to 0. EPS through the last half decade have generated movement in the amount of 0.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly explained in today’s society, the company has generated a change in earnings in the amount of 37.80%. Leap Therapeutics, Inc. has also seen movement with regard to sales volume that comes to a total of 0.

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