Constellation Pharmaceuticals, Inc. (CNST) Stock: Here’s What’s Happening

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Constellation Pharmaceuticals, Inc. (CNST) is making a move down in the market today. The stock, one that is focused in the biotech industry, is presently priced at $10.79 after heading down -3.75% so far in today’s session. When it comes to biotechnology stocks, there are a number of factors that have the ability to cause declines in the market. One of the most common is news. Here are the recent headlines associated with CNST:

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May-16-19 09:00AM Constellation Pharmaceuticals Provides Interim Update of Data for CPI-0610 in ASCO and EHA Abstracts
May-08-19 04:15PM Constellation Pharmaceuticals Announces First-Quarter 2019 Financial Results
Apr-19-19 08:00AM Constellation Pharmaceuticals to Present at the Solebury Trout Class of 2018 Biotech IPOs Investor Day
Apr-10-19 07:01PM Jim Cramer: What Dirty Lemon Tells Us About Market Tops and Millennials
Mar-14-19 05:24PM Constellation Pharmaceuticals Announces Fourth-Quarter and Full-Year 2018 Financial Results

However, when making a decision to invest, investors should take a look at much more than just news, especially in the speculative biotechnology sector. Here’s what’s going on with Constellation Pharmaceuticals, Inc..

How CNST Has Been Trending

While a move toward the top in a single session, like the fall that we’re seeing from Constellation Pharmaceuticals, 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 generally important to dig into trends experienced by the stock further out than a single trading day. When it comes to CNST, below are the movements that we have seen:

  • Past 5 Sessions – In the last five trading sessions, CNST has generated a change in price amounting to -10.32%.
  • Past 30 Days – The return from Constellation Pharmaceuticals, Inc. in the past 30 days works out to -9.01%.
  • Past Quarter – Throughout the last 3 months, the company has produced a ROI that comes to -2.52%
  • Bi-Annually – In the previous 6 months, we have seen a performance that amounts to 91.30% from the stock.
  • YTD – Since the close of last year CNST has resulted in a return of 179.55%.
  • Full Year – Lastly, in the last year, investors have seen movement that works out to 0 out of CNST. Throughout this period, the stock has sold at a high price of -23.15% and a low price of 169.41%.

Ratios That Are Notable

Looking at various key ratios associated with a stock can provide prospective investors an understanding of just how dangerous and/or potentially profitable a stock pick may be. Below are a few of the key ratios to think about when digging into CNST.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it shows that more investors believe that the price of the stock is going to tumble. Across the sector, biotech stocks can carry a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, when it comes to Constellation Pharmaceuticals, Inc., it’s short ratio comes to 8.68.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure whether or not a company can pay its debts when they mature with only quick assets or current assets. In the biotech industry, many companies are reliant on the continuation of investor support, the quick and current ratios can be bad. Nonetheless, several better companies in the biotechnology sector come with positive quick and current ratios. As it relates to CNST, the quick and current ratios work out to 8.00 and 8.00 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets that are owned by the company. In the case of Constellation Pharmaceuticals, Inc., the book to share value ratio is 4.03.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the price of the company’s stock. Several early stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotechnology sector, this is an important ratio to think about. In terms of CNST, the cash to share value ratio comes to 4.31.

How Analysts Feel About Constellation Pharmaceuticals, Inc.

Although it’s not a smart idea to blindly follow the thoughts of analysts, it is a good idea to use their thoughts to validate your own thoughts when it comes to making investment decisions in the biotech space. Below are the recent moves that we have seen from analysts as it relates to CNST.

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Jan-29-19 Initiated Robert W. Baird Outperform $17
Dec-20-18 Initiated H.C. Wainwright Buy $18
Dec-20-18 Initiated H.C. Wainwright Buy
Aug-13-18 Initiated JP Morgan Overweight $17

What Are Big Money Players Doing With Constellation Pharmaceuticals, Inc.

An interesting fact I’ve learned in my brief period as an intelligence has been that smart investors tend to follow big money players. Usually, investors that want to play it relatively safe will keep their eyes on investments made by institutions as well as insiders of the company. With that said, is big money interested when it comes to CNST? Here’s the data:

  • Institutions – Currently, institutional investors own 82.80% of the company. However, it’s worth considering that institutional ownership has changed in the amount of 0.40% over the past 3 months.
  • Investors On The Inside – As far as insiders go, members of the management team and others close to CNST currently hold 0.10% of Constellation Pharmaceuticals, Inc.. Their ownership of the company has seen a change of 0 over the past 3 months.

What You Need To Know About Share Counts

Traders seem to have a heavy interest in the total numbers of shares both available and outstanding. As it relates to Constellation Pharmaceuticals, Inc., currently there are 26.57M with a float of 22.37M. These data mean that out of the total of 26.57M shares of CNST that are out there today, 22.37M are available to trade hands in the public realm.

I also like to follow the short percentage of the float. After all, when a large percentage of the float is sold short, the overall opinion among traders is that the company is headed for a deep dive. As far as it relates to CNST, the percentage of the float that is shorted is 3.73%. In general, high short percent of the float would be anything over 40%. Through my work, I have calculated that anything over 26% is probably going to be a play that comes with hefty risk.

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-3.41. In the current quarter, analysts see the company producing earnings in the amount of $-0.81. Over the last 5 years, CNST has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -22.80% and revenue has seen movement of 0.

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