CTI BioPharma Corp. (CTIC) Stock: Here’s What’s Happening

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CTI BioPharma Corp. (CTIC) is working its way for to the top in the market in today’s trading session. The company, one that is focused on the biotechnology industry, is currently priced at $0.92 after climbing 5.44% so far today. As it relates to biotechnology companies, there are several 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 headlines associated with CTIC:

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Jun-13-19 07:00AM CTI BioPharma to Present at the JMP Securities Life Sciences Conference on Thursday, Jun. 20
May-29-19 07:00AM CTI BioPharma to Present at the Jefferies Global Healthcare Conference on Wednesday, Jun. 5
May-02-19 06:40PM CTI BioPharma: 1Q Earnings Snapshot
04:05PM CTI BioPharma Reports First Quarter 2019 Financial Results
Apr-03-19 07:00AM CTI BioPharma to Present at the 18th Annual Needham Healthcare Conference on Wednesday, Apr. 10

Nonetheless, any time investors are making an investing decision, prospective investors should look at far more than news, this is especially the case in the highly speculative biotechnology industry. Here’s what’s happening in regard to CTI BioPharma Corp..

What We’ve Seen From CTIC

Although a move up on a single session, like the move that we’re seeing from CTI BioPharma Corp. may lead to excitement in some investors, a single session move by itself 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 experienced by the stock just a single session. When it comes to CTIC, below are the returns on investment that investors have seen:

  • Past 5 Trading Sessions – Throughout the last 7 days, CTIC has seen a price change that amounts to 11.59%.
  • Past 30 Days – The return from CTI BioPharma Corp. throughout the past 30 days has been 9.19%.
  • Past Three Months – Over the last three months, the company has produced a ROI that comes to -7.69%
  • Bi-Annually – Over the last six months, we’ve seen a change that equates to -38.02% from the company.
  • This Year So Far – Since the the first trading session of this year CTIC has resulted in a return of 25.04%.
  • Full Year – Lastly, over the last full year, we’ve seen a change in the amount of -81.32% from CTIC. Throughout this period of time, the stock has sold at a high price of -82.89% and a low price of 52.86%.

Ratios That Are Notable

Digging into a few key ratios associated with a stock generally gives traders a look of just how risky and/or potentially profitable a an investment option may be. Below are some of the important ratios to think about when looking at CTIC.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the value of the stock is headed for declines. Across the sector, biotechnology stocks can come with a higher short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, when it comes to CTI BioPharma Corp., it’s short ratio is 10.04.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure whether or not a company can pay its debts when they mature based on quick assets or current assets. In the biotech industry, several companies are heavily reliant on the continuation of investor support, these ratios can seem upsetting. However, several gems in the biotech industry come with strong quick and current ratios. As it relates to CTIC, the quick and current ratios come to 0 and 4.00 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets owned by the company. In this case, the book to share value ratio is 0.87.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. Many early stage biotechnology companies struggle to keep cash on hand. So, if you’re interested in a biotech stock, this is a very important ratio to look into. In terms of CTIC, the cash to share value ratio is 1.07.

What Analysts Say About CTI BioPharma Corp.

While it’s never a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to use their analysis when validating your own thoughts when it comes to making investment decisions in the biotechnology space. Here are the most recent moves that we’ve seen from analysts as it relates to CTIC.

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Mar-05-19 Initiated Lake Street Buy $4
Mar-26-18 Initiated Needham Buy $10
Mar-07-18 Initiated JMP Securities Mkt Outperform $8
Sep-12-17 Initiated Jefferies Buy $7.50
Feb-10-16 Downgrade WallachBeth Hold → Sell

Moves From Big Money Players

An interesting fact I have come to understand so far in my brief time on Earth has been that smart money tends to follow big money players. That is to say, investors that are looking to keep their investments relatively safe will keep their eyes on trades made by institutions as well as those on the inside. So, is big money flowing in regard to CTIC? Here’s what’s going on:

  • Institutional Investors – As it stands now, institutional investors own 53.60% of CTIC. However, it is worth mentioning that the ownership held by institutions has seen a move of -12.22% throughout the last quarter.
  • Insider Moves – with regard to insiders, those close to the situation currently own 0.10% of CTI BioPharma Corp.. Insider ownership of the company has changed in the amount of 0.00% throughout the past 3 months.

What’s The Float Looking Like?

Traders seem to like to know the total numbers of shares both available and outstanding. When it comes to CTI BioPharma Corp., currently there are 57.97M and there is a float of 57.69M. These numbers mean that out of the total of 57.97M shares of CTIC in existence today, 57.69M are able to be traded in the public space.

It’s also important to follow the short float. Think about it, when a high percentage of the float available for trading is sold short, the overall opinion among traders is that the equity is going to lose value. In regard to CTIC, the percentage of the float that is sold short is 3.40%. Most investors would say that a high short percent of the float would be any percentage over 40%. Nonetheless, I’ve calculated that any short percent of the float over 26% is probably going to be a risky play.

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.03. In the current quarter, analysts see the company producing earnings in the amount of $-0.19. Over the last 5 years, CTIC has generated revenue in the amount of $-5.40% with earnings coming in at 34.50%. On a quarter over quarter basis, earnings have seen movement of -128.90% and revenue has seen movement of -94.40%.

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