OpGen, Inc. (OPGN) Stock: Here’s What’s Happening

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OpGen, Inc. (OPGN) is working its way for to the top in the market in today’s trading session. The stock, one that is focused in the biotech industry, is presently trading at $0.27 after gaining 10.12% so far today. In terms of biotech companies, there are a number of aspects that have the ability to generate gains in the market. One of the most common is news. Here are the most recent trending headlines surrounding OPGN:

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Aug-08-19 01:34PM Edited Transcript of OPGN earnings conference call or presentation 7-Aug-19 8:30pm GMT
Aug-07-19 04:05PM OpGen Reports Second Quarter 2019 Financial Results and Provides Business Update
11:27AM Germantown biopharma regains compliance with Nasdaq
Jul-31-19 10:36AM Will OpGen, Inc. (OPGN) Report Negative Earnings Next Week? What You Should Know
Jul-30-19 07:30AM OpGen Announces Date of Second Quarter 2019 Financial Results Conference Call

However, any time investors are making a decision to invest, investors should look into much more than just news, this is especially the case in the speculative biotech industry. Here’s what’s going on with OpGen, Inc..

Recent Movement Out of OPGN

While a move toward the top in a single session, like the gain that we’re seeing from OpGen, Inc. might cause excitement in some investors, that by itself should not be the basis of a decision to, or not to, buy a company’s stock. It’s generally smart to look into trends experienced by the stock beyond a single session. In the case of OPGN, here are the trends that we’ve seen:

  • Past 7 Days – Over the past week, OPGN has produced a change in price in the amount of -21.73%.
  • Monthly – The return on investment from OpGen, Inc. in the last month has been -33.33%.
  • Quarterly – Throughout the last 3 months, the stock has generated a return on investment of -51.97%
  • Bi-Annually – Throughout the last 6 months, we’ve seen a change of -82.99% from the company.
  • Year To Date – Since the close of last year OPGN has produced a ROI of -81.15%.
  • Full Year – Finally, throughout the past year, we have seen performance of -86.39% from OPGN. In this period of time, the stock has sold at a high price of -88.80% and a low price of 28.35%.

Ratios To Pay Attention To

Digging into various ratios associated with a company generally gives prospective traders a look of how risky and/or rewarding a stock pick may be. Below are some of the most important ratios to think about when looking at OPGN.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors have a belief that the value of the stock is going to fall. Across the sector, biotechnology stocks tend to come with a higher short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, as it relates to OpGen, Inc., it’s short ratio is 0.16.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts as they mature using current assets or quick assets. Because many biotech companies rely on continued support from investors, these ratios can look upsetting. However, quite a few good picks in the biotech sector do have great quick and current ratios. In terms of OPGN, the quick and current ratios add up to 1.30 and 1.40 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the price of shares. In this particular case, that ratio equates to 0.46.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. Many early stage biotech companies struggle to keep cash on hand. So, if you’re interested in a biotech stock, this is a very important ratio to consider. In this case, the cash to share value comes to 0.35.

How Analysts Feel About OpGen, Inc.

While it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to use their thoughts to validate your own due diligence when it comes to making an investment decision in the biotech industry. Below you’ll find the most recent moves that we’ve seen from analysts when it comes to OPGN.

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Mar-01-19 Initiated Alliance Global Partners Buy $2.30
Feb-07-18 Reiterated H.C. Wainwright Buy $1 → $9
Jun-29-16 Initiated Rodman & Renshaw Buy $2.50

What Institutions And Insiders Think Of OpGen, Inc.

An interesting fact that I’ve learned in my brief period here has been that smart investors tend to follow big money. That is to say, investors that want to play it relatively safe will pay close attention to trades made by institutions as well as insiders. So, is big money flowing when it comes to OPGN? Here’s the data:

Institutions own 13.40% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 0.20% percent of OPGN shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

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 17.35M shares of OpGen, 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, OPGN has a float of 17.26M.

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 OPGN, the short percent of the float is 0.44%.

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 $-0.55. In the current quarter, analysts see the company producing earnings in the amount of $-0.17. Over the last 5 years, OPGN has generated revenue in the amount of $4.10% with earnings coming in at 42.70%. On a quarter over quarter basis, earnings have seen movement of 45.10% and revenue has seen movement of 25.00%.

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