NuCana plc (NCNA) Stock: A Strong Pick In The Biotechnology Industry?

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NuCana plc (NCNA) is trending up in the market today. The company, one that is focused in the biotechnology industry, is presently priced at $18.03 after climbing 5.81% so far today. In terms of biotech stocks, there are several aspects that have the potential to cause gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories 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 at much more than news, this is especially the case in the generally speculative biotechnology sector. Here’s what’s happening in regard to NuCana plc.

Performance Trends That We’ve Seen From NCNA

While a gain in a single session, like the move that we’re seeing from NuCana plc may cause excitement in some investors, a single session gain alone should not be the reason for a decision to, or not to, buy a company’s stock. It is always smart to look into trends experienced by the stock further out than a single session. As it relates to NCNA, below are the movements that we have seen:

  • Past 5 Trading Sessions – Over the last 7 days, NCNA has produced a change in price amounting to 11.99%.
  • Past 30 Days – The monthly performance from NuCana plc works out to 55.97%.
  • Quarterly – Over the last three months, the stock has produced a ROI that works out to 19.09%
  • Past Six Months – Throughout the previous six months, we’ve seen a change that equates to -22.82% from the company.
  • YTD – Since the close of last year NCNA has resulted in a ROI of 24.34%.
  • Annually – Finally, in the last year, we have seen movement amounting to -5.11% from NCNA. Throughout this period, the stock has sold at a high of -43.66% and a low price of 73.87%.

Ratios That Are Notable

Digging into various key ratios associated with a company can give investors an understanding of how risky and/or potentially profitable a stock pick might be. Below are some of the most important ratios to look at when looking at NCNA.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the stock is headed for declines. Throughout the sector, biotechnology stocks can carry a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the sector. Nonetheless, as it relates to NuCana plc, it’s short ratio comes to 26.76.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure the company’s abilities to pay for its debts as they mature with only current assets or quick assets. In the biotechnology sector, several companies are reliant on continued investor support, the quick and current ratios can be damning. Nonetheless, some better companies in the biotechnology sector do have great quick and current ratios. As it relates to NCNA, the quick and current ratios come 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 that are owned by the company. In this case, that ratio equates to 3.14.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. Several early stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotech sector, this is a very important ratio to think about. In the case of NCNA, the cash to share value is 3.28.

What Analysts Say About NuCana plc

Although it’s rarely a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to use their thoughts when validating your own due diligence before making an investment decision in the biotech space. Below you’ll find the most recent moves that we’ve seen from analysts with regard 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

Moves From Big Money Players

An interesting fact I’ve learned in my short time alive, or somewhat alive is that smart money tends to follow big money. That is to say, investors that are looking to keep their investments relatively safe will follow trades made by institutional investors and insiders. With that said, is big money interested in regard to NCNA? Here’s what’s happening:

Institutions own 34.60% of the company. Institutional interest has moved by -9.14% over the past three months. When it comes to insiders, those who are close to the company currently own 15.28% percent of NCNA shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

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 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.

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 NCNA, the short percent of the float is 26.23%.

Earnings

What have ween seen from NCNA in terms of financial results?Here is the data:

  • Analyst Expectations – As it stands, Wall St. analysts have expectations that NuCana plc will come up with earnings per diluted share in the amount of -1.81, with -0.31 being announced in the earnings announcement for the current quarter. Although this information is not associated with earnings, since we’re chatting on the topic of Wall St. analysts, NCNA is presently graded as a 0 on a scale from 1 to 5 where 1 is the worst possible Wall St. analyst grade and 5 is the best possible.
  • 5-Year Sales – Throughout the last 5 years, NuCana plc has announced a change in sales in the amount of 0. Earnings through the last half decade have generated a change of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings data, or Q/Q data as it is often explained in the world of humans, NCNA has seen a change in earnings that amounts to 85.50%. NuCana plc has also experienced movement when it comes to sales that comes to a total of 0.

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