Sesen Bio, Inc. (SESN) Stock: Here’s What’s Happening

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Sesen Bio, Inc. (SESN) is working its way for to the bottom in the market in today’s trading session. The stock, one that is focused in the biotech space, is currently trading at $1.40 after a move down of -23.91% so far in today’s session. In terms of biotechnology companies, there are a number of aspects that have the potential to lead to price movement in the market. One of the most common is news. Here are the recent stories centered around SESN:

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Jun-19-19 08:00AM Sesen Bio Announces Pricing of Public Offering of Common Stock and Warrants
07:51AM The Daily Biotech Pulse: Positive Readouts From Adamas And Ironwood, Sesen Bio To Offer Shares, Stoke Therapeutics Debut
Jun-18-19 04:17PM Sesen Bio Announces Proposed Public Offering of Common Stock and Warrants
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

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

What We’ve Seen From SESN

Although a single session decline, like the move that we’re seeing from Sesen Bio, Inc. might cause fear in some investors, a single session move alone shouldn’t be the basis of a decision to, or not to, invest in a company. It is always important to take a look at trends just a single trading session. In the case of SESN, below are the returns that investors have experienced:

  • Past Seven Days – Over the last 5 trading sessions, SESN has produced a price change in the amount of -10.24%.
  • Past Month – The monthly performance from Sesen Bio, Inc. has been 27.78%.
  • Past Three Months – Over the past 3 months, the company has produced a return on investment that comes to 87.70%
  • Past 6 Months – In the past six months, we’ve seen a performance that works out to 31.43% from the stock.
  • Year To Date – Since the the first trading session of this year SESN has produced a return of 29.58%.
  • Full Year – Finally, over the last year, we have seen a change amounting to -12.80% from SESN. Throughout this period, the stock has traded at a high of -46.15% and a low of 111.83%.

Rations That Investors Should Look Into

Digging into a few ratios associated with a company can give prospective traders a view of how dangerous and/or rewarding a stock pick might be. Below are a few of the important ratios to look at when looking at SESN.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the value of the stock is headed for declines. In general, biotech stocks can come with a higher short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, when it comes to Sesen Bio, Inc., it’s short ratio comes to 2.24.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure If a company is able to cover its debts when they mature using quick assets or current assets. In the biotech space, several companies are reliant on continued support from investors, the current and quick ratios can seem damning. However, quite a few gems in the biotech space do have great quick and current ratios. As it relates to SESN, the quick and current ratios come to 6.40 and 6.40 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets owned by the company to the share price of the stock. In the case of Sesen Bio, Inc., the book to share value ratio equates to 0.49.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the value of shares. Many early stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotechnology sector, this is an important ratio to look into. When it comes to SESN, the cash to share value comes to 0.51.

How Analysts Feel About Sesen Bio, Inc.

Although it’s never a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a good idea to use their thoughts when validating your own due diligence when it comes to making an investment decision in the biotech industry. Below you’ll find the recent moves that we have seen from analysts when it comes to SESN.

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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 SESN, here’s what we’re seeing:

  • Institutional Investors – Currently, institutions hold 29.40% of SESN. On the other hand, it is important to mention that institutional ownership has changed in the amount of -33.36% throughout the last 3 months.
  • Insider Holdings – as it relates to insiders, members of the management team and others close to SESN currently own 6.56% of Sesen Bio, Inc.. Insider ownership of the company has seen a change of 0 in the last quarter.

A Look At Share Counts

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 83.41M shares of Sesen Bio, 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, SESN has a float of 72.38M.

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%.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.45. 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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