Cancer Genetics, Inc. (CGIX) Stock: Is This Biotechnology Stock Worth Your Attention?

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Cancer Genetics, Inc. (CGIX) is making a move down in the market in today’s trading session. The company, focused on the biotechnology sector, is presently trading at $0.18 after tumbling -7.03% so far in today’s session. In terms of biotechnology stocks, there are quite a few factors that have the ability to cause movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines surrounding CGIX:

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Jun-25-19 07:24AM Triangle pharma brings in new CFO looking for capital
Jun-24-19 07:00AM Innovate Biopharmaceuticals Expands Its Management team with the Addition of Ed Sitar as Its Chief Financial Officer
Jun-05-19 02:00AM LabCorp (LH) Closes Envigo Swap Deal, Expands in CRO Space
May-20-19 05:06PM Cancer Genetics: 1Q Earnings Snapshot
05:00PM Cancer Genetics Reports First Quarter 2019 Financial Results and Provides Strategic Business Update

Nonetheless, when making a decision with regard to investing, investors should take a look at much more than just news, this is especially the case in the highly speculative biotech industry. Here’s what’s happening with Cancer Genetics, Inc..

Recent Moves From CGIX

Although a move down on a single session, like the fall that we’re seeing from Cancer Genetics, Inc. might cause fear in some investors, a single session decline alone should not be the reason for a decision to, or not to, invest in a stock. It is generally smart to take a look at trends beyond a single trading day. In the case of CGIX, here are the returns on investment that investors have experienced:

  • Past 5 Sessions – Throughout the last five trading sessions, CGIX has produced a change in price that amounts to 9.77%.
  • Past 30 Days – The return from Cancer Genetics, Inc. over the last month works out to 2.29%.
  • Past 3 Months – In the last quarter, the stock has generated a return that works out to -39.23%
  • Past Six Months – Over the last six months, we’ve seen a change that works out to -50.74% from the company.
  • YTD – Since the close of last year CGIX has resulted in a ROI of -20.62%.
  • Annually – Finally, over the last full year, we have seen performance of -78.89% from CGIX. Throughout this period of time, the stock has sold at a high of -86.26% and a low of 17.65%.

Key Ratios

Digging into a few key ratios associated with a company generally gives prospective traders an understanding of how dangerous and/or rewarding a stock pick might be. Here are a few of the important ratios to consider when looking at CGIX.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it shows that more investors have a belief that the price of the stock is headed for declines. In general, biotechnology stocks can have a higher short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, with regard to Cancer Genetics, Inc., the stock’s short ratio amounts to 2.10.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Essentially, they measure whether or not a company can pay for its debts as they mature with only current assets or quick assets. In the biotech sector, several companies rely heavily on the continuation of support from investors, the quick and current ratios can look damning. Nonetheless, some better companies in the biotech industry do have positive current and quick ratios. As it relates to CGIX, the quick and current ratios work out to 0.40 and 0.40 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets owned by the company. as it relates to Cancer Genetics, Inc., that ratio is 0.16.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the price of the company’s stock. Several early stage biotech companies have a hard time keeping cash on hand. So, if you’re interested in a biotech stock, this is a very important ratio to consider. In terms of CGIX, the cash to share value comes to 0.01.

Analyst Opinions With Regard To Cancer Genetics, Inc.

While it’s not a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their thoughts in order to validate your own before making investment decisions in the biotech industry. Here are the recent moves that we’ve seen from analysts when it comes to CGIX.

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Dec-07-17 Initiated Maxim Group Buy $6
Jun-27-17 Initiated Dawson James Buy
Jun-26-17 Initiated The Benchmark Company Speculative Buy $6
Sep-26-16 Initiated Rodman & Renshaw Buy $6

Is Big Money Interested in Cancer Genetics, Inc.?

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 CGIX, here’s what we’re seeing:

Institutions own 15.80% of the company. Institutional interest has moved by 235.18% over the past three months. When it comes to insiders, those who are close to the company currently own 9.40% percent of CGIX shares. Institutions have seen ownership changes of an accumulative 83.94% over the last three months.

What’s The Float Looking Like?

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 60.12M shares of Cancer Genetics, 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, CGIX has a float of 47.72M.

It’s also important to dig into the short percent. After all, if a high percentage of the float is sold short, the overall feeling among investors is that the stock is headed for a deep dive. With regard to CGIX, the short percentage of the float is currently 5.74%. In general, high short percent of the float is any percentage over 40%. Through my work, I have found that anything over 26% is likely a risky play.

What We’ve Seen In earnings results

What have ween seen from CGIX in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – At the moment, Wall Street analysts are expecting that CGIX will come up with earnings per diluted share of -0.06, with 0 being announced in the next financial report. Although this is not based on earnings, because we are talking on the topic of Wall Street analysts, CGIX is currently graded as a 3.00 when rated on a scale from 1 to 5 where 1 is the poorest Wall St. analyst grade and 5 is the best rating.
  • 5-Year Sales – In the last half decade, Cancer Genetics, Inc. has announced a movement in sales volume that comes to a total of 33.00%. EPS over the past half decade have seen movement in the amount of 22.40%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is generally explained in today’s society, CGIX has seen a change in earnings that amounts to 42.70%. CGIX has also moved the needle in regard to revenue that adds up to -11.70%.

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