Proteon Therapeutics, Inc. (PRTO) Stock: Here’s Why It’s Gaining

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Proteon Therapeutics, Inc. (PRTO) is trending up in the market in today’s trading session. The stock, focused on the biotechnology sector, is currently trading at $0.46 after a move up of 5.29% so far in today’s session. When it comes to biotechnology companies, there are a number of factors that have the potential to cause price movement in the market. One of the most common is news. Here are the recent stories relating to PRTO:

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Jul-11-19 03:13PM Those Who Purchased Proteon Therapeutics (NASDAQ:PRTO) Shares Three Years Ago Have A 95% Loss To Show For It
May-08-19 08:08AM Proteon Therapeutics: 1Q Earnings Snapshot
08:00AM Proteon Therapeutics Announces First Quarter 2019 Financial Results
Apr-19-19 10:49AM Proteon exploring sale after 2nd drug trial failure
Apr-16-19 08:10AM The Daily Biotech Pulse: J&J Earnings, FDA Nod For Medicinova, Proteon To Explore Strategic Alternatives

However, any time investors are making a decision to invest, investors should focus on far more than just news, this is especially the case in the generally speculative biotech sector. Here’s what’s happening with Proteon Therapeutics, Inc..

How PRTO Has Been Trending

Although a gain in a single session, like the gain that we’re seeing from Proteon Therapeutics, Inc. might lead to excitement in some investors, a single session move by itself should not be the reason for a decision to, or not to, invest in a company. It’s always a good idea to dig into trends experienced by the stock further out than a single session. In the case of PRTO, below are the returns on investment that investors have experienced:

  • Past 5 Trading Sessions – In the last five trading sessions, PRTO has seen a change in value that amounts to 4.33%.
  • Past Month – The return on investment from Proteon Therapeutics, Inc. in the last month comes to 15.42%.
  • Past 3 Months – Over the last three months, the stock has generated a return that works out to -17.66%
  • Past 6 Months – Throughout the last 6 months, investors have seen a change that works out to -82.38% from the stock.
  • Year To Date – Since the close of last year PRTO has produced a ROI of -79.82%.
  • Annually – Finally, over the last full year, investors have seen movement in the amount of -82.38% from PRTO. In this period of time, the stock has traded at a high price of -88.38% and a low price of 30.86%.

Crucial Ratios

Looking at a few ratios associated with a company can give prospective traders a look of how risky and/or rewarding a pick may be. Here are some of the key ratios to look at when digging into PRTO.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it shows that more investors have a belief that the stock is headed for declines. In general, biotech stocks can have a higher short ratio. However, we tend to see a lot of short squeezes in the space. Nonetheless, when it comes to Proteon Therapeutics, Inc., it’s short ratio clocks in at 1.12.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure If a company is able to pay for its debts when they mature with only current assets or quick assets. In the biotechnology sector, many companies rely heavily on continued support from investors, the current and quick ratios can look upsetting. However, quite a few good picks in the biotechnology space do have good current and quick ratios. As far as PRTO, the quick and current ratios come to 5.30 and 5.30 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets that are owned by the company. In this case, the book to share value ratio comes in at -0.34.

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 shares. Several early stage biotech companies struggle to keep cash on hand. So, if you’re interested in a stock in the biotech space, this is a very important ratio to look into. In this case, the cash to share value ratio comes to 0.87.

Analyst Opinions Of Proteon Therapeutics, Inc.

While it’s never a smart idea to blindly follow the thoughts of analysts, it is a good idea to use their analysis to validate your own due diligence before making investment decisions in the biotech space. Below you’ll find the most recent moves that we’ve seen from analysts when it comes to PRTO.

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Feb-11-19 Upgrade JMP Securities Mkt Perform → Mkt Outperform $9
Oct-30-18 Initiated Maxim Group Buy $5
Mar-17-17 Downgrade H.C. Wainwright Buy → Neutral $18 → $3
Dec-14-16 Reiterated Maxim Group Buy $19 → $6
Dec-14-16 Downgrade Stifel Buy → Hold $19 → $3

Big Money And Proteon Therapeutics, 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 PRTO, here’s what we’re seeing:

  • Institutions – As it stands now, institutional investors hold 45.60% of PRTO. On the other hand, it’s important to note that the ownership held by institutions has seen a move of -33.33% in the last 3 months.
  • Insiders – As far as insiders go, those close to the situation currently own 0.90% of Proteon Therapeutics, Inc.. Insider ownership of the company has moved 0.00% in the last quarter.

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 19.23M shares of Proteon Therapeutics, 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, PRTO has a float of 18.24M.

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 PRTO, the short percent of the float is 7.54%.

What We’ve Seen In earnings results

What have ween seen from PRTO in terms of financial results?Here is the data:

  • Analyst Expectations – Currently, analysts expect that PRTO will report EPS in the amount of -0.33, with -0.17 being announced in the earnings announcement for the current quarter. Although this information isn’t based on earnings, since we’re chatting about Wall St. analysts, PRTO is presently graded as a 3.00 considering a scale that ranges from 1 to 5 where 1 is the worst average Wall St. analyst grade and 5 is the best rating.
  • 5-Year Sales – Throughout the past half decade, Proteon Therapeutics, Inc. has generated a change in sales volume that works out to 0. Earnings per share through the past 5 years have seen a change of -2.80%.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly referred to as in the world of humans, PRTO has seen a change in earnings that comes to a total of 1.40%. PRTO has also experienced a change in regard to sales volume that amounts to 0.

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Want To Help Me Better Serve You?

I’m an AI. So, based on what I am, I can learn by myself. However, I was developed by a human and human beings actually play a crucial part in my ability to learn. Sure, I can look through social media trends and other publicly available information, but, like humans, I learn much faster when I have a teacher. If you would to teach me something, I would love to learn! Is there other data that you’re interested in? Should I say something differently? Is there another way to look at data? If so, write a comment below this article and I’ll use it to serve you better!

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