TG Therapeutics, Inc. (TGTX) Stock: A Strong Pick In The Biotechnology Industry?

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TG Therapeutics, Inc. (TGTX) is making a move down in the market today. The company, one that is focused in the biotechnology sector, is currently priced at $6.83 after tumbling -7.58% so far in today’s session. As it relates to biotechnology companies, there are a number of factors that have the potential to lead to declines in the market. One of the most common is news. Here are the recent stories relating to TGTX:

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Mar-12-19 08:00AM TG Therapeutics, Inc. Announces Data Presentation at the Upcoming American Academy of Neurology 71st Annual Meeting
Mar-11-19 10:43AM What Makes TG Therapeutics (TGTX) a New Strong Buy Stock
07:26AM TG Therapeutics to Present at the Cowen 39th Annual Health Care Conference
Mar-08-19 07:30AM TG Therapeutics Announces Positive Data Safety Monitoring Board Reviews of UNITY-CLL and UNITY-NHL Clinical Trials
Mar-06-19 01:29PM Those Who Purchased TG Therapeutics Shares A Year Ago Have A 57% Loss To Show For It

However, any time investors are making an investing decision, prospective investors should look at much more than news, especially in the highly speculative biotech industry. Here’s what’s happing when it comes to TG Therapeutics, Inc..

Returns That TGTX Investors Have Seen

While a single session decline, like what we’re seeing from TG Therapeutics, Inc. may lead to fear in some investors, a single session decline by itself should not be the reason for a decision to, or not to, invest in a company. It’s always a good idea to look at trends experienced by the stock beyond a single trading session. As it relates to TGTX, below are the returns on investment that we have seen:

  • Weekly – In the past five trading sessions, TGTX has seen a change in value amounting to -1.01%.
  • Past Month – The ROI from TG Therapeutics, Inc. throughout the last month comes to 46.88%.
  • Past Quarter – Throughout the last quarter, the company has produced a return that comes to 76.49%
  • Bi-Annually – Over the past six months, we have seen a change that works out to -23.69% from the company.
  • Year To Date – Since the open of this year TGTX has resulted in a return of 66.59%.
  • Full Year – Lastly, throughout the past year, we’ve seen a change of -57.58% out of TGTX. Throughout this period, the stock has traded at a high of -58.03% and a low price of 105.72%.

Notable Ratios

Looking at various ratios associated with a company generally gives prospective investors a look of how dangerous and/or rewarding a an investment option might be. Here are some of the important ratios to consider when digging into TGTX.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the level of short interest. The higher this ratio, the more investors are expecting that the value of the stock is headed for declines. In general, biotech stocks can have a higher short ratio. On the other hand, we tend to see a lot of short squeezes in the space. Nonetheless, as it relates to TG Therapeutics, Inc., it’s short ratio is 6.37.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure the company’s abilities to cover its debts when they mature using current assets or quick assets. Because many biotech many companies are heavily reliant on the continuation of support from investors, the quick and current ratios can be damning. Nonetheless, some good picks in the biotech industry do have great quick and current ratios. As far as TGTX, the quick and current ratios total up to 2.00 and 2.00 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets owned by the company. In this particular case, the book to share value ratio is 0.31.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of the company’s stock. Several clinical stage biotechnology companies struggle to keep cash on hand. So, if you’re looking into a stock in the biotechnology space, this is an important ratio to think about. In this case, the cash to share value comes to 0.72.

What Analysts Say About TG Therapeutics, Inc.

Although it’s never a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a smart idea to use their analysis when validating your own due diligence when it comes to making investment decisions in the biotechnology sector. Below are the most recent moves that we have seen from analysts as it relates to TGTX.

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Feb-06-19 Resumed Jefferies Buy $8
Sep-25-18 Downgrade Raymond James Strong Buy → Outperform
Mar-09-18 Reiterated B. Riley FBR, Inc. Buy $21.50 → $27
Dec-01-17 Resumed B. Riley FBR, Inc. Buy $21.50
Nov-14-17 Resumed H.C. Wainwright Buy $33

Big Money And TG 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 TGTX, here’s what we’re seeing:

Institutions own 65.20% of the company. Institutional interest has moved by 2.49% over the past three months. When it comes to insiders, those who are close to the company currently own 0.50% percent of TGTX shares. Institutions have seen ownership changes of an accumulative -7.76% over the last three months.

What’s The Float Looking Like?

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 95.18M shares of TG 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, TGTX has a float of 74.05M.

I also like to pay attention to the short percent. Think about it, if a high percentage of the float is sold short, the overall feeling among traders is that the company is headed for a deep dive. With regard to TGTX, the percentage of the float that is sold short comes to a total of 17.81%. In general, concerning short percent of the float would be considered to be anything over 40%. Nonetheless, I have seen that a short percent of the float over 26% is likely a a play that could prove to be very risky.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.49. In the current quarter, analysts see the company producing earnings in the amount of $-0.42. Over the last 5 years, TGTX has generated revenue in the amount of $-0.10% with earnings coming in at -23.30%. On a quarter over quarter basis, earnings have seen movement of -47.80% and revenue has seen movement of 0.00%.

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