Sophiris Bio, Inc. (SPHS) Stock: Seeing Declines In Today’s Session

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Sophiris Bio, Inc. (SPHS) is headed down in the market in today’s trading session. The company, focused on the biotechnology sector, is currently trading at $0.81 after a move down of -4.17% so far today. When it comes to biotechnology companies, there are several factors that have the ability to generate price movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines relating to SPHS:

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Jun-20-19 09:50AM SPHS: Details of Phase 3 Prostate Cancer Trial Based on Positive EMA Feedback
Jun-19-19 08:30AM Sophiris Bio Receives Positive Feedback from European Medicines Agency Regarding Phase 3 Localized Prostate Cancer Clinical Trial Design
Jun-14-19 07:21AM Some Sophiris Bio (FRA:BFF1) Shareholders Have Taken A Painful 79% Share Price Drop
May-14-19 09:30AM SPHS: EMA Guidance on Phase 3 Clinical Trial for Topsalysin Expected in 2Q19
May-09-19 04:05PM Sophiris Bio Reports First Quarter 2019 Financial Results

Nonetheless, when making an investing decision, prospective investors should look at far more than just news, this is especially the case in the speculative biotechnology sector. Here’s what’s happing when it comes to Sophiris Bio, Inc..

Recent Trends From SPHS

While a move down on a single session, like what we’re seeing from Sophiris Bio, Inc. might cause fear in some investors, a single session decline by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It is always important to dig into trends further out than a single session. In the case of SPHS, here are the movements that we’ve seen:

  • Past 7 Days – Throughout the last 7 days, SPHS has produced a change in price in the amount of 14.68%.
  • Past Month – The performance from Sophiris Bio, Inc. over the last month works out to 8.43%.
  • Past Three Months – In the past quarter, the company has produced a return on investment that comes to -22.22%
  • Past 6 Months – Over the past six months, we have seen a change of -11.57% from the company.
  • Year To Date – Since the the first trading session of this year SPHS has resulted in a ROI of 1.20%.
  • Full Year – Lastly, in the past full year, we have seen a change that comes to -77.84% out of SPHS. Over this period, the stock has traded at a high of -78.98% and a low of 13.38%.

Rations That Traders Should Think About

Digging into various key ratios associated with a company generally gives prospective traders a view of how risky and/or rewarding a pick may be. Below are some of the key ratios to consider when looking at SPHS.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it shows that more investors believe that the value of the stock is headed for declines. Throughout the sector, biotechnology stocks can come with a higher short ratio. On the other hand, we tend to see a lot of short squeezes in the sector. Nonetheless, in relation to Sophiris Bio, Inc., it’s short ratio is 12.53.

Quick & Current Ratios – The quick and current ratios are ratios that are used to 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. Because many biotech several companies are heavily reliant on the continuation of investor support, these ratios can look bad. However, some gems in the biotechnology industry come with strong current and quick ratios. As far as SPHS, the quick and current ratios work out to 2.00 and 2.00 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the price of shares. In this case, that ratio is -0.01.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. Several early stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotechnology space, this is an important ratio to think about. In this case, the cash to share value comes to 0.29.

How Analysts Feel About Sophiris Bio, Inc.

Although it’s never a smart idea to blindly follow the thoughts of analysts, it is a good idea to consider their opinions in order to validate your own due diligence before making an investment decision in the biotech space. Here are the recent moves that we have seen from analysts when it comes to SPHS.

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Feb-14-18 Reiterated Maxim Group Buy $6 → $5
Mar-13-17 Initiated Rodman & Renshaw Buy $6
Sep-15-16 Initiated ROTH Capital Buy $8
Aug-30-16 Initiated Piper Jaffray Overweight $7
Aug-10-16 Reiterated Maxim Group Buy $4 → $6

Show Me The 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 SPHS, here’s what we’re seeing:

Institutions own 7.70% of the company. Institutional interest has moved by -3.64% over the past three months. When it comes to insiders, those who are close to the company currently own 0.85% percent of SPHS shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What You Need To Know About 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 30.95M shares of Sophiris 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, SPHS has a float of 29.96M.

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 SPHS, the short percent of the float is 6.27%.

Earnings

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

  • Analyst Expectations – As it stands, analysts are expecting that Sophiris Bio, Inc. will report earnings per diluted share that comes to -0.47, with -0.10 to be announced in the earnings report for the current quarter. Although this isn’t associated with earnings, because we’re talking on the topic of Wall Street analysts, the stock is presently graded as a 2.20 on a scale from 1 to 5 on which 1 is the poorest possible analyst grade and 5 is the best rating.
  • 5-Year Sales – In the past half decade, Sophiris Bio, Inc. has generated a change in revenue that works out to be 0. EPS through the period have generated movement in the amount of 30.50%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is often referred to as in the human world, Sophiris Bio, Inc. has created a earnings change by 29.40%. Sophiris Bio, Inc. has also moved the needle in regard to sales volume that amounts to 0.

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