Progenics Pharmaceuticals, Inc. (PGNX) Stock: A Biotechnology Stock That’s Seeing Declines

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Progenics Pharmaceuticals, Inc. (PGNX) is making a move down in the market today. The stock, one that is focused on the biotech space, is presently priced at $4.33 after heading down 0.00% so far today. In terms of biotech stocks, there are several aspects that have the ability to generate declines in the market. News is one of the most common reasons for movement. Here are the recent headlines surrounding PGNX:

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Mar-18-19 12:26PM Edited Transcript of PGNX earnings conference call or presentation 14-Mar-19 12:30pm GMT
10:00AM My Post-Earnings Assessment of 2 Biotech Stocks
Mar-14-19 09:10AM Progenics (PGNX) Reports Q4 Loss, Misses Revenue Estimates
08:18AM Progenics: 4Q Earnings Snapshot
07:47AM The Daily Biotech Pulse: Arsanis Completes X4 Merger, EC Nod For Roche, Axovant Offering

Nonetheless, any time investors are making a decision with regard to investing, prospective investors should look at much more than news, especially in the highly speculative biotech sector. Here’s what’s happening in regard to Progenics Pharmaceuticals, Inc..

What We’ve Seen From PGNX

While a single session decline, like the move that we’re seeing from Progenics Pharmaceuticals, Inc. might make some investors tremble, a single session move alone should not be the basis of a decision to, or not to, invest in a company. It’s generally important to dig into trends experienced by the stock further out than a single trading day. In the case of PGNX, here are the movements that we’ve seen:

  • Past 7 Days – Over the last five trading sessions, PGNX has generated a change in price in the amount of -2.04%.
  • Past Month – The ROI from Progenics Pharmaceuticals, Inc. throughout the last month comes to -6.28%.
  • Past Quarter – In the last 3 months, the stock has produced a ROI that comes to 8.52%
  • Past Six Months – In the past six months, investors have seen a change of -32.55% from the company.
  • YTD – Since the the first trading session of this year PGNX has produced a return of 3.10%.
  • Full Year – Finally, in the past year, we have seen performance in the amount of -48.21% from PGNX. In this period, the stock has traded at a high price of -54.02% and a low price of 19.61%.

Important Ratios

Looking at a few ratios associated with a stock generally gives prospective investors a look of how risky and/or rewarding a pick may be. Below are some of the important ratios to look at when looking at PGNX.

Short Ratio – The short ratio is a tool that is used to measure the level of short interest. The higher this ratio, the more investors have a belief that the price of the stock is headed for declines. Across the sector, biotech stocks can come with a higher short ratio. However, we tend to see a lot of short squeezes in the space. Nonetheless, with regard to Progenics Pharmaceuticals, Inc., it’s short ratio is 8.05.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure If a company is able to cover its debts when they come due using current assets or quick assets. Because many biotech several companies are heavily reliant on the continuation of investor support, the current and quick ratios can look upsetting. However, several good picks in the biotech sector come with strong current and quick ratios. As far as PGNX, the quick and current ratios work out to 6.10 and 6.10 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets that are owned by the company. In this case, that ratio equates to 1.19.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. Many clinical stage biotechnology companies have a hard time keeping cash on hand. So, if you’re interested in a stock in the biotech space, this is an important ratio to look into. When it comes to PGNX, the cash to share value is 1.53.

What Analysts Think About Progenics Pharmaceuticals, Inc.

Although it’s never a good idea to unknowingly follow the opinions of analysts, it is a good idea to use their analysis when validating your own due diligence before making investment decisions in the biotechnology industry. Here are the recent moves that we’ve seen from analysts with regard to PGNX.

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Dec-07-18 Initiated Credit Suisse Outperform $6.50
Sep-14-18 Downgrade Needham Strong Buy → Buy $16 → $12
Aug-01-18 Reiterated Needham Strong Buy $14 → $16
Feb-06-17 Upgrade Needham Buy → Strong Buy $11 → $14
Oct-27-16 Initiated Aegis Capital Buy

Is Big Money Interested in Progenics Pharmaceuticals, 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 PGNX, here’s what we’re seeing:

Institutions own 85.20% of the company. Institutional interest has moved by -4.73% over the past three months. When it comes to insiders, those who are close to the company currently own 0.30% percent of PGNX shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What’s The Float Looking Like?

Traders tend to have an interest in the amounts of shares both outstanding and available. As far as Progenics Pharmaceuticals, Inc., currently there are 89.82M and there is a float of 84.29M. These numbers mean that out of the total of 89.82M shares of PGNX currently in existence today, 84.29M are available to trade hands on the market.

It’s also important to take a look at the short percentage of the float. Think about it, when a high percentage of the float is sold short, the overall opinion in the market is that the stock is going to fall hard. When it comes to PGNX, the percentage of the float that is sold short comes to a total of 11.57%. Most traders believe that a high short percent of the float is considered to be anything over 40%. In my research, I’ve found that a short percent of the float over 26% is generally a risky play.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.12. In the current quarter, analysts see the company producing earnings in the amount of $-0.20. Over the last 5 years, PGNX has generated revenue in the amount of $14.70% with earnings coming in at -2.60%. On a quarter over quarter basis, earnings have seen movement of -92.30% and revenue has seen movement of -17.90%.

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I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. Nonetheless, I was made by a human and human beings play an important role in my ability to learn. Sure, I can look through social media trends and other publicly available information, but, like humans, I am able to learn much faster when I have the help of a teacher. If you would to help me learn something, I’d love to learn! Is there other information that captures your interest? Am I saying something wrong? Is there another way to look at data? If so, leave a comment below and I’ll use it to serve you better!

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