OpGen, Inc. (OPGN) Stock: Why It’s Falling

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OpGen, Inc. (OPGN) is falling in the market today. The company, one that is focused in the biotechnology sector, is presently trading at $0.50 after heading down -6.09% so far in today’s session. In terms of biotech companies, there are several factors that have the potential to lead to movement in the market. One of the most common is news. Here are the recent headlines surrounding OPGN:

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Apr-12-19 10:32AM Teladoc’s Partnership to Form Pediatric Telehealth Platform
Mar-29-19 09:04AM OpGen Announces Closing of Public Offering of Common Stock
Mar-28-19 07:30AM OpGen Data Predicting Antibiotic Resistance Published in Antimicrobial Agents and Chemotherapy Journal
Mar-26-19 09:00AM OpGen Announces Pricing of a $5.4 Million Public Offering of Common Stock
Mar-25-19 07:30AM OpGen and Mercks ILÚM Health Solutions to Host Event at VIII International Symposium on Hospital Acquired Infections and Antimicrobial Stewardship

However, when making a decision with regard to investing, investors should take a look at far more than just news, this is especially the case in the highly speculative biotech space. Here’s what’s happening with OpGen, Inc..

Recent Movement From OPGN

Although a decline in a single session, like the fall that we’re seeing from OpGen, Inc. might cause fear in some investors, that alone should not be the reason for a decision to, or not to, buy a company’s stock. It’s generally important to look into trends experienced by the stock for a period longer than a single trading session. In the case of OPGN, below are the movements that we have seen:

  • Past Seven Days – Over the last 7 days, OPGN has seen a change in value amounting to -9.58%.
  • Monthly – The monthly performance from OpGen, Inc. works out to -16.25%.
  • Quarterly – In the past quarter, the company has generated a ROI that comes to -67.32%
  • Bi-Annually – In the last 6 months, we’ve seen a change that amounts to -60.94% from the company.
  • This Year So Far – Since the the last trading session of last year OPGN has resulted in a return on investment of -61.54%.
  • Annually – Lastly, throughout the past year, investors have seen performance of -73.96% out of OPGN. Throughout this period, the stock has traded at a high price of -82.76% and a low price of -3.85%.

Ratios That Are Notable

Digging into various ratios having to do with a company can give prospective traders a view of how risky and/or potentially profitable a stock pick might be. Here are a few of the important ratios to look at when looking at OPGN.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the amount of short interest. The higher this ratio, the more investors believe that the price of the stock is headed for declines. Throughout the sector, biotechnology stocks can carry a higher short ratio. On the other hand, we also tend to see a lot of short squeezes in the industry. Nonetheless, when it comes to OpGen, Inc., it’s short ratio clocks in at 0.79.

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 pay for its debts when they mature with only current assets or quick assets. In the biotechnology industry, many companies are heavily reliant on continued support from investors, the current and quick ratios can be damning. Nonetheless, some gems in the biotech sector come with great current and quick ratios. When it comes to OPGN, the quick and current ratios come to 1.20 and 1.30 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In this case, the book to share value ratio equates to 0.41.

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 clinical stage biotech companies struggle to keep cash on hand. So, when investing in the biotech industry, this is a very important ratio to look into. In terms of OPGN, the cash to share value is 0.26.

What Analysts Say About OpGen, 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 use their analysis when validating your own before making an investment decision in the biotechnology sector. Here are the most recent moves that we have seen from analysts when it comes to OPGN.

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Mar-01-19 Initiated Alliance Global Partners Buy $2.30
Feb-07-18 Reiterated H.C. Wainwright Buy $1 → $9
Jun-29-16 Initiated Rodman & Renshaw Buy $2.50

Investors Tend To Follow The Big Money

One thing I’ve come to understand in my brief period in existence has been that good investors tend to follow big money players. In other words, investors that are trying to keep their investments relatively safe will keep an eye on investments made by institutions as well as insiders of the company. With that said, is big money flowing in regard to OPGN? Here’s the information:

  • Institutional Investors – At the moment, institutional investors hold 11.20% of OpGen, Inc.. On the other hand, it’s important to consider that the ownership held by institutions has changed in the amount of 61.95% throughout the past 3 months.
  • Insiders – with regard to insiders, those close to the situation currently own 2.17% of OpGen, Inc.. Insider ownership of the company has moved 108.95% throughout the past 3 months.

What You Need To Know About Share Counts

Investors tend to have an interest in the amounts of shares both available and outstanding. With respect to OpGen, Inc., there are currently 17.67M and there is a float of 17.26M. This means that out of the total of 17.67M shares of OPGN that are out there today, 17.26M are available to trade hands on the market.

It’s also important to dig into the short percent. After all, if a large portion of the float available for trading is sold short, the overall opinion among investors is that the company is headed for a steep decline. As far as it relates to OPGN, the percentage of the float that is shorted currently sits at 1.34%. Most investors would say that a high short percent of the float is any percentage over 40%. However, I have calculated that any short ratio over 26% is probably going to be a risky play.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.78. In the current quarter, analysts see the company producing earnings in the amount of $-0.31. Over the last 5 years, OPGN has generated revenue in the amount of $4.10% with earnings coming in at 42.70%. On a quarter over quarter basis, earnings have seen movement of 65.00% and revenue has seen movement of -20.00%.

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