Atara Biotherapeutics, Inc. (ATRA) Stock: Seeing Gains In Today’s Session

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Atara Biotherapeutics, Inc. (ATRA) is trending up in the market in today’s trading session. The company, one that is focused on the biotech sector, is currently priced at $13.30 after a move up of 6.02% so far in today’s session. As it relates to biotech companies, there are several aspects that have the potential to generate gains in the market. One of the most common is news. Here are the recent headlines centered around ATRA:

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Aug-08-19 02:43PM Atara Biotherapeutics, Inc. (ATRA) Q2 2019 Earnings Call Transcript
07:30AM Atara Biotherapeutics Announces Second Quarter 2019 Financial Results and Recent Operational Progress
Aug-05-19 02:08PM Analysts Recommend These 2 Falling Knives
Aug-01-19 04:00PM Atara Biotherapeutics to Announce Second Quarter 2019 Financial Results and Host Conference Call on Thursday, August 8, 2019
Jul-18-19 11:52PM Atara Biotherapeutics Announces Pricing of $150.0 Million Public Offering

Nonetheless, when making a decision with regard to investing, prospective investors should focus on far more than news, this is especially the case in the generally speculative biotech industry. Here’s what’s happening with Atara Biotherapeutics, Inc..

Returns That ATRA Investors Have Seen

While a move toward the top in a single session, like the gain that we’re seeing from Atara Biotherapeutics, Inc. might lead to excitement in some investors, a single session gain by itself should not be the reason for a decision to, or not to, invest in a stock. It is always a good idea to dig into trends experienced by the stock for a period longer than a single trading day. When it comes to ATRA, below are the movements that investors have experienced:

  • Past 7 Days – Throughout the last seven days, ATRA has generated a price change amounting to -9.46%.
  • Monthly – The ROI from Atara Biotherapeutics, Inc. in the last month comes to -31.44%.
  • Past 3 Months – In the past three months, the stock has generated a ROI that works out to -53.93%
  • Past 6 Months – In the last six months, we have seen a change of -66.83% from the company.
  • YTD – Since the close of last year ATRA has generated a ROI of -63.90%.
  • Annually – Lastly, throughout the last full year, we’ve seen a change that works out to -66.83% from ATRA. Over this period, the stock has traded at a high price of -69.75% and a low price of 11.82%.

Rations That You Should Think About

Looking at various key ratios associated with a company can provide traders an understanding of how risky and/or rewarding a an investment option may be. Here are some of the most important ratios to think about when digging into ATRA.

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. Throughout the sector, biotech stocks tend to have a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the space. Nonetheless, in relation to Atara Biotherapeutics, Inc., it’s short ratio is 11.19.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure whether or not a company can cover its debts when they come due using current assets or quick assets. Because many biotech many companies rely heavily on continued investor support, the current and quick ratios can seem upsetting. However, quite a few good picks in the biotechnology space come with good current and quick ratios. When it comes to ATRA, the quick and current ratios add up to 10.00 and 10.00 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the share price. In this particular case, that ratio equates to 6.16.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the value of shares. Several clinical stage biotech companies have a hard time keeping cash on hand. So, if you’re looking into a stock in the biotechnology industry, this is an important ratio to consider. In this case, the cash to share value works out to 4.15.

How Analysts Feel About Atara Biotherapeutics, Inc.

While it’s rarely a smart idea to unknowingly follow the opinions of analysts, it is a good idea to use their opinions to validate your own before making an investment decision in the biotech space. Here are the most recent moves that we have seen from analysts with regard to ATRA.

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Jun-04-19 Upgrade Citigroup Sell → Neutral $23 → $24
May-30-19 Initiated ROTH Capital Buy
May-23-19 Initiated Stifel Buy
Jan-23-19 Initiated Mizuho Buy
Apr-10-18 Initiated JP Morgan Overweight $56

Moves From Big Money Players

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 ATRA, here’s what we’re seeing:

Institutions own 97.10% of the company. Institutional interest has moved by 0.53% over the past three months. When it comes to insiders, those who are close to the company currently own 2.30% percent of ATRA shares. Institutions have seen ownership changes of an accumulative -11.21% over the last three months.

Float Information

Traders and investors seem to like to know the total numbers of shares both available and outstanding. As far as Atara Biotherapeutics, Inc., there are currently 57.23M and there is a float of 50.95M. These numbers mean that out of the total of 57.23M shares of ATRA that are out there today, 50.95M are available to be traded in the public realm.

I also find it important to pay attention to the short percentage of the float. Think about it, if a large percentage of the float is shorted, the overall feeling among investors is that the stock is going to take a dive. As far as it relates to ATRA, the percentage of the float that is currently being sold short is 18.44%. In general, high short percent of the float would be considered to be anything over 40%. Nonetheless, I’ve found that a short percent of the float over 26% is usually 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 $-5.24. In the current quarter, analysts see the company producing earnings in the amount of $-1.50. Over the last 5 years, ATRA has generated revenue in the amount of $0 with earnings coming in at -63.40%. On a quarter over quarter basis, earnings have seen movement of -37.20% and revenue has seen movement of 0.

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