Sorrento Therapeutics, Inc. (SRNE) Stock: Here’s Why It’s Up

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Sorrento Therapeutics, Inc. (SRNE) is working its way for to the top in the market today. The company, one that is focused in the biotechnology industry, is currently priced at $5.94 after gaining 13.58% so far in today’s session. In terms of biotechnology companies, there are quite a few factors that have the ability to cause gains in the market. One of the most common is news. Here are the most recent headlines associated with SRNE:

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Mar-22-19 01:06PM Sorrento Therapeutics News: Why SRNE Stock Is On The Move
07:00AM Sorrento Therapeutics Announces the Merger of Scilex and Semnur to Create a Global Leader in Non-Opioid Pain Management
Mar-11-19 07:00AM Yuhan Corp and Sorrento Therapeutics Announce Completion of Phase 1 Clinical Study of Anti-PD-L1 Antibody IMC-001
Feb-25-19 07:00AM Sorrento Therapeutics to Present Corporate Update at Two Investor Conferences
Feb-12-19 07:00AM Yuhan Corp and Sorrento Therapeutics Announce Closing of a $40m USD Financing for Joint Venture ImmuneOncia to Support Advancement of Immuno-Oncology Program

Nonetheless, when making a decision with regard to investing, investors should look at much more than news, especially in the highly speculative biotech industry. Here’s what’s going on with Sorrento Therapeutics, Inc..

Returns That SRNE Investors Have Seen

While a single session gain, like the gain that we’re seeing from Sorrento Therapeutics, Inc. may make some investors happy, a single session move by itself shouldn’t be the reason for a decision to, or not to, invest in a company. It’s generally smart to dig into trends further out than a single trading session. When it comes to SRNE, below are the returns on investment that investors have experienced:

  • Past 5 Sessions – In the last 7 days, SRNE has generated a change in price in the amount of 154.94%.
  • Past 30 Days – The monthly returns from Sorrento Therapeutics, Inc. comes to 182.86%.
  • Past Quarter – Throughout the last three months, the stock has generated a return on investment that comes to 165.18%
  • Past Six Months – Throughout the past six months, we’ve seen a change that equates to 30.55% from the stock.
  • YTD – Since the the last trading session of last year SRNE has resulted in a return of 147.50%.
  • Annually – Finally, over the past full year, we’ve seen a change that works out to -26.67% from SRNE. Over this period of time, the stock has sold at a high of -28.00% and a low price of 230.00%.

Ratios To Pay Attention To

Looking at various key ratios associated with a stock generally gives prospective traders a view of how dangerous and/or potentially profitable a stock pick might be. Below are a few of the important ratios to think about when digging into SRNE.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the amount of short interest. As the ratio heads up, it means that more investors believe that the value of the stock is going to tumble. In general, biotechnology stocks can have a higher short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, as it relates to Sorrento Therapeutics, Inc., it’s short ratio amounts to 7.43.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Essentially, they measure whether or not a company can pay for its debts as they mature based on quick assets or current assets. Because many biotech several companies are heavily reliant on the continuation of investor support, the current and quick ratios can look bad. However, some better companies in the biotech space do have good current and quick ratios. As it relates to SRNE, the quick and current ratios add up to 2.90 and 2.90 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. when it comes to Sorrento Therapeutics, Inc., the book to share value ratio equates to 1.72.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of shares. Many clinical stage biotech companies struggle to keep cash on hand. So, if you’re interested in a biotechnology stock, this is a very important ratio to consider. As it relates to SRNE, the cash to share value ratio comes to 1.48.

Analyst Opinions With Regard To Sorrento Therapeutics, Inc.

While it’s never a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a good idea to consider their opinions to validate your own due diligence before making an investment decision in the biotech industry. Below are the recent moves that we’ve seen from analysts as it relates to SRNE.

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Jun-28-18 Initiated B. Riley FBR, Inc. Buy $14.25
Jan-16-18 Reiterated H.C. Wainwright Buy $20 → $30
May-22-17 Reiterated Rodman & Renshaw Buy $30 → $20
May-22-17 Reiterated FBR & Co. Outperform $13 → $9
Oct-03-16 Initiated ROTH Capital Buy

Show Me The Big Money

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 SRNE, here’s what we’re seeing:

  • Institutions – At the moment, institutional investors own 25.90% of the company. However, it is worth considering that institutional ownership has changed in the amount of -6.66% over the past quarter.
  • Insider Moves – as it relates to insiders, those close to the company currently own 29.37% of the company. Insider ownership of the company has moved 0.00% throughout the last quarter.

What You Need To Know About 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 107.66M shares of Sorrento 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, SRNE has a float of 86.36M.

I also like to look at the short percent. After all, when a large portion of the float is shorted, the overall opinion among investors is that the company is going to take a dive. When it comes to SRNE, the percentage of the float that is shorted is 21.81%. Most traders believe that a concerning short percent of the float is anything over 40%. Nonetheless, I’ve calculated that anything over 26% is generally a a play that could prove to be very risky.

Earnings

What have ween seen from SRNE in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – As it stands, analysts expect that SRNE will come up with earnings per diluted share in the amount of -0.73, with -0.34 being announced in the earnings report for the current quarter. Although this information isn’t based on earnings, because we are chatting about analysts, the stock is currently graded as a 0 when rated on a scale from 1 to 5 on which 1 is the worst possible analyst rating and 5 is the best possible rating.
  • 5-Year Sales – In the last half decade, Sorrento Therapeutics, Inc. has announced a change in sales volume that works out to be 115.10%. EPS in the past half decade have seen movement in the amount of -5.70%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is commonly explained in the human world, Sorrento Therapeutics, Inc. has experienced a change in earnings in the amount of -171.50%. Sorrento Therapeutics, Inc. has also experienced a change with regard to revenue that adds up to -66.20%.

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