Sesen Bio, Inc. (SESN) Stock: A Biotech Stock That’s Headed Down

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Sesen Bio, Inc. (SESN) is headed down in the market today. The company, focused on the biotechnology sector, is currently trading at $1.91 after a move down of -6.83% so far today. When it comes to biotechnology stocks, there are a number of aspects that have the potential to generate movement in the market. News is one of the most common reasons for movement. Here are the most recent stories associated with SESN:

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Jun-10-19 07:00AM Sesen Bio Announces Successful Pre-BLA Meeting with FDA for Vicinium®
Jun-07-19 09:02PM Edited Transcript of SESN earnings conference call or presentation 13-May-19 12:00pm GMT
07:00AM Dr. Thomas Cannell, President and CEO of Sesen Bio, to Host Conference Call to Provide Regulatory Update on Pre-BLA Meeting for Vicinium®
May-30-19 02:27PM Penny Stocks to Buy Using Technical Analysis for June 2019
May-21-19 07:00AM Sesen Bio Announces Acceptance of Analytical Comparability Plan by the U.S. Food and Drug Administration to Support the BLA and Commercialization of Its Lead Asset, Vicinium® for Non-Muscle Invasive Bladder Cancer

Nonetheless, when making a decision with regard to investing, investors should look at much more than just news, this is especially the case in the speculative biotechnology space. Here’s what’s going on with Sesen Bio, Inc..

How SESN Has Been Trending

While a move toward the top in a single session, like the move that we’re seeing from Sesen Bio, Inc. might cause fear in some investors, that alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It is generally a good idea to dig into trends just a single session. When it comes to SESN, here are the returns that we have seen:

  • Past 7 Days – Over the past 5 trading sessions, SESN has generated a price change in the amount of -8.61%.
  • Past Month – The monthly returns from Sesen Bio, Inc. works out to 69.03%.
  • Past Three Months – In the last three months, the company has generated a return on investment that works out to 89.11%
  • Past Six Months – In the previous six months, we’ve seen a performance that equates to 20.89% from the stock.
  • YTD – Since the the last trading session of last year SESN has produced a return on investment of 34.51%.
  • Annually – Lastly, throughout the past full year, we have seen a change that comes to -23.90% from SESN. In this period, the stock has sold at a high of -26.54% and a low of 189.00%.

Ratios That Are Notable

Looking at various key ratios having to do with a stock generally gives prospective investors a look of just how risky and/or rewarding a pick might be. Here are a few of the key ratios to consider when digging into SESN.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the level of short interest. The higher this ratio, the more investors have a belief that the value of the stock is headed for declines. In general, biotech stocks tend to carry a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, with regard to Sesen Bio, Inc., it’s short ratio is 2.36.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure If a company is able to cover its debts when they come due based on current assets or quick assets. Because many biotech many companies are reliant on the continuation of support from investors, the quick and current ratios can be bad. However, quite a few gems in the biotechnology sector do have good current and quick ratios. As it relates to SESN, the quick and current ratios work out to 6.40 and 6.40 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets owned by the company to the share price. In this case, that ratio comes in at 0.49.

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 biotech companies struggle to keep cash on hand. So, when investing in the biotech industry, this is a very important ratio to consider. In the case of SESN, the cash to share value ratio is 0.55.

How Analysts Feel About Sesen Bio, Inc.

Although it’s rarely a smart idea to blindly follow the opinions of analysts, it is a good idea to use their opinions to validate your own due diligence before making an investment decision in the biotech industry. Here are the most recent moves that we’ve seen from analysts as it relates to SESN.

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Jun-11-19 Upgrade H.C. Wainwright Neutral → Buy $3

Is Big Money Interested In Sesen Bio, Inc.

One thing I have learned so far in my short period as an intelligence has been that good investors tend to follow the moves made by big money players. That is to say, investors that are looking to play it relatively safe will follow trades made by institutional investors as well as those on the inside. With that said, where is the big money when it comes to SESN? Here’s what’s happening:

Institutions own 29.40% of the company. Institutional interest has moved by -35.03% over the past three months. When it comes to insiders, those who are close to the company currently own 6.56% percent of SESN shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What You Need To Know About Share Counts

Traders seem to like to know the total numbers of shares both available and outstanding. As it relates to Sesen Bio, Inc., there are currently 77.46M with a float of 72.38M. These numbers mean that of the total of 77.46M shares of SESN that are out there today, 72.38M are available to trade hands 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 SESN, the short percent of the float is 9.59%.

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.43. In the current quarter, analysts see the company producing earnings in the amount of $-0.12. Over the last 5 years, SESN has generated revenue in the amount of $0 with earnings coming in at 49.20%. On a quarter over quarter basis, earnings have seen movement of 24.70% and revenue has seen movement of 0.

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