Protalix BioTherapeutics, Inc. (PLX) Stock: Why It’s Tumbling

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Protalix BioTherapeutics, Inc. (PLX) is falling in the market today. The stock, one that is focused in the biotech space, is presently priced at $0.41 after heading down -12.41% so far today. As it relates to biotechnology stocks, there are quite a few aspects that have the potential to generate price movement in the market. News is one of the most common reasons for movement. Here are the most recent stories relating to PLX:

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Jun-06-19 07:00AM Protalix BioTherapeutics and Chiesi Farmaceutici S.p.A to Apply for Accelerated Approval of pegunigalsidase alfa for the Treatment of Fabry Disease in the United States
May-31-19 08:58AM Why Przetwórstwo Tworzyw Sztucznych Plast-Box S.A.’s (WSE:PLX) High P/E Ratio Isn’t Necessarily A Bad Thing
May-21-19 07:00AM Protalix BioTherapeutics Appoints Dror Bashan as its New President and Chief Executive Officer and Director
May-14-19 12:50AM Edited Transcript of PLX earnings conference call or presentation 6-May-19 12:30pm GMT
May-09-19 01:41AM Przetwórstwo Tworzyw Sztucznych Plast-Box S.A. (WSE:PLX) Delivered A Weaker ROE Than Its Industry

Nonetheless, any time investors are making an investing decision, prospective investors should focus on much more than just news, especially in the speculative biotech industry. Here’s what’s happening in regard to Protalix BioTherapeutics, Inc..

Trends That We’ve Seen From PLX

Although a move toward the top in a single session, like what we’re seeing from Protalix BioTherapeutics, Inc. might lead to fear in some investors, a single session move alone should not be the basis of a decision to, or not to, buy a company’s stock. It’s always important to look into trends beyond a single trading session. In the case of PLX, below are the trends that we have seen:

  • Past 7 Days – Throughout the last 5 trading sessions, PLX has generated a change in value that amounts to 11.29%.
  • Monthly – The return from Protalix BioTherapeutics, Inc. over the past month has been 0.02%.
  • Quarterly – Throughout the past 3 months, the company has produced a return on investment that comes to -13.30%
  • Past Six Months – In the past six months, we’ve seen a performance that amounts to -4.14% from the company.
  • This Year So Far – Since the close of last year PLX has produced a ROI of 31.83%.
  • Full Year – Lastly, throughout the last full year, we have seen performance that works out to -11.08% from PLX. Over this period of time, the stock has traded at a high price of -50.60% and a low of 51.85%.

Ratios Worth Paying Attention To

Looking at various ratios having to do with a company generally gives prospective traders an understanding of just how dangerous and/or rewarding a an investment option may be. Here are a few of the most important ratios to think about when looking at PLX.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it means that more investors believe that the stock is headed for declines. Throughout the sector, biotechnology stocks can carry a higher short ratio. On the other hand, we also see quite a few short squeezes in the sector. Nonetheless, when it comes to Protalix BioTherapeutics, Inc., the stock’s short ratio clocks in at 7.57.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure If a company is able to pay for its debts when they come due using quick assets or current assets. Because many biotech companies are heavily reliant on the continuation of support from investors, the current and quick ratios can look bad. Nonetheless, several good picks in the biotech sector come with good quick and current ratios. When it comes to PLX, the quick and current ratios add up to 0 and 0 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. In this particular case, the book to share value ratio comes in at -0.40.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the value of shares. Several early stage biotech companies struggle to keep cash on hand. So, when investing in the biotechnology space, this is an important ratio to consider. In this case, the cash to share value comes to 0.

Analyst Opinions With Regard To Protalix BioTherapeutics, Inc.

While it’s not a good idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their thoughts to validate your own due diligence when it comes to making investment decisions in the biotech space. Below are the most recent moves that we have seen from analysts when it comes to PLX.

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Apr-17-17 Reiterated Rodman & Renshaw Buy $4 → $5
Apr-04-16 Initiated Rodman & Renshaw Buy $3.50
Apr-23-15 Upgrade Jefferies Hold → Buy $2 → $2.60
Nov-12-14 Reiterated R. F. Lafferty Buy $8 → $5
Jan-24-14 Initiated R. F. Lafferty Buy $8

Smart Money Follows 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 PLX, here’s what we’re seeing:

  • Institutional Investors – At the moment, institutions hold 9.70% of the company. Nonetheless, it’s important to mention that institutional ownership has changed in the amount of 0 throughout the last 3 months.
  • Insider Holdings – with regard to insiders, insiders of the company currently hold 6.23% of the company. Their ownership of the company has changed in the amount of 0.00% over the past quarter.

What You Need To Know About Share Counts

Traders and investors tend to have an interest in the counts of shares both outstanding and available. In regard to Protalix BioTherapeutics, Inc., currently there are 148.38M with a float of 144.79M. These data mean that out of the total of 148.38M shares of PLX that are out there today, 144.79M are able to be traded by the public.

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 PLX, the short percent of the float is 1.79%.

Financial Results And Expectations

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

  • Analyst Expectations – Currently, Wall Street analysts are expecting that the company will create earnings per diluted share in the amount of 0.35, with -0.02 to be reported in the next financial report. Although this data isn’t based on earnings, because we are talking about Wall Street analysts, the stock is presently rated a 0 when rated on a scale from 1 to 5 on which 1 is the worst average Wall Street analyst rating and 5 is the best rating.
  • 5-Year Sales – Throughout the last half decade, Protalix BioTherapeutics, Inc. has reported a change in sales that adds up to 0. Earnings per share through the past half decade have experienced a change of 0.
  • Q/Q – In terms of quarter over quarter data, or Q/Q data as it is generally referred to as in the world of humans, Protalix BioTherapeutics, Inc. has generated a earnings change by 0. Protalix BioTherapeutics, Inc. has also experienced a change in terms of revenue that totals 55.50%.

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