Precipio, Inc. (PRPO) Stock: Why It’s Down

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Precipio, Inc. (PRPO) is trending down in the market in today’s trading session. The company, one that is focused on the biotechnology industry, is presently priced at $7.89 after a move down of -13.77% so far in today’s session. In terms of biotech stocks, there are quite a few aspects that have the ability to generate declines in the market. One of the most common is news. Here are the recent headlines surrounding PRPO:

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May-03-19 09:11AM Precipio Successfully Completes Nasdaq Hearing Process
May-01-19 06:06PM Precipio Reminder of Corporate Update Shareholder Call
Apr-29-19 12:02PM Precipio News: PRPO Stock Surges on Deal With Hospitals in Egypt
08:35AM Precipio Signs First Major International Services Contract
Apr-26-19 11:00AM Precipio Takes Final Step towards Regaining Nasdaq Compliance

Nonetheless, when making an investing decision, prospective investors should look at far more than just news, especially in the highly speculative biotechnology space. Here’s what’s going on with Precipio, Inc..

Recent Moves From PRPO

While a move toward the top in a single session, like what we’re seeing from Precipio, Inc. may make some investors fearful, that by itself shouldn’t be the reason for a decision to, or not to, invest in a company. It is always important to take a look at trends experienced by the stock just a single session. When it comes to PRPO, here are the returns on investment that we’ve seen:

  • Past Seven Days – Over the past five trading sessions, PRPO has seen a change in price in the amount of 64.37%.
  • Past Month – The monthly returns from Precipio, Inc. comes to 281.44%.
  • Quarterly – Throughout the past 3 months, the company has generated a return on investment that works out to 179.79%
  • Bi-Annually – Throughout the last 6 months, investors have seen a change that amounts to 102.54% from the company.
  • YTD – Since the the first trading session of this year PRPO has resulted in a return on investment of 241.56%.
  • Full Year – Lastly, in the last year, investors have seen movement that works out to 32.36% out of PRPO. In this period of time, the stock has sold at a high of -26.94% and a low of 377.75%.

Crucial Ratios

Looking at a few key ratios associated with a company generally gives investors a view of how risky and/or rewarding a an investment option may be. Here are a few of the important ratios to consider when digging into PRPO.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the amount of short interest. As the ratio climbs, it means that more investors believe that the value of the stock is going to tumble. Across the sector, biotechnology stocks can come with a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, as it relates to Precipio, Inc., it’s short ratio comes to 2.13.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Essentially, they measure the company’s abilities to cover its debts when they come due using quick assets or current assets. In the biotechnology space, companies are reliant on continued support from investors, these ratios can look upsetting. Nonetheless, quite a few gems in the biotechnology sector come with good current and quick ratios. As far as PRPO, the quick and current ratios add up to 0.10 and 0.10 respectively.  

Book To Share Value – The book to share value compares the value of assets owned by the company to the share price. In the case of Precipio, Inc., that ratio is 0.21.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the value of shares. Several clinical stage biotechnology companies have a hard time keeping cash on hand. So, when investing in the biotech space, this is a very important ratio to consider. In this case, the cash to share value ratio works out to 0.00.

Analyst Opinions With Regard To Precipio, Inc.

While it’s never a good idea to unknowingly follow the thoughts of analysts, it is a good idea to use their opinions when validating your own thoughts when it comes to making an investment decision in the biotechnology space. Here are the most recent moves that we have seen from analysts with regard to PRPO.

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Is Big Money Interested in Precipio, 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 PRPO, here’s what we’re seeing:

  • Institutional Investors – Currently, institutions hold 0.80% of PRPO. However, it is important to mention that institutional ownership has moved in the amount of -3.23% in the past quarter.
  • Insider Moves – with regard to insiders, those close to the company currently hold 1.20% of Precipio, Inc.. Insider ownership of the company has changed in the amount of 0 throughout the last 3 months.

Interested In How Many Shares Are Available?

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 108.44M shares of Precipio, 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, PRPO has a float of 71.48M.

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 PRPO, the short percent of the float is 3.04%.

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 $-2.21. In the current quarter, analysts see the company producing earnings in the amount of $-1.01. Over the last 5 years, PRPO has generated revenue in the amount of $-36.40% with earnings coming in at 57.80%. On a quarter over quarter basis, earnings have seen movement of 81.10% and revenue has seen movement of -22.20%.

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