Progenics Pharmaceuticals, Inc. (PGNX) Stock: A Good Pick In The Biotech Space?


Progenics Pharmaceuticals, Inc. (PGNX) is making a move down in the market in today’s trading session. The company, one that is focused in the biotechnology space, is presently priced at $4.65 after heading down -6.06% so far today. When it comes to biotechnology companies, there are quite a few factors that have the potential to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines surrounding PGNX:

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Aug-09-19 10:23AM Could The Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) Ownership Structure Tell Us Something Useful?
08:55AM Progenics (PGNX) Reports Q2 Loss, Tops Revenue Estimates
07:30AM Progenics Pharmaceuticals Announces Second Quarter 2019 Financial Results and Business Update
Aug-08-19 08:00AM Progenics Pharmaceuticals Announces Additional Governance Enhancements
Aug-06-19 08:30AM CMS Grants New Technology Add-On Payment for Inpatient Use of AZEDRA® (iobenguane I 131)

However, any time investors are making an investing decision, prospective investors should focus on much more than news, especially in the speculative biotech sector. Here’s what’s happening in regard to Progenics Pharmaceuticals, Inc..

Recent Trends From PGNX

Although a decline in a single session, like the fall that we’re seeing from Progenics Pharmaceuticals, Inc. may cause fear in some investors, that alone shouldn’t be the reason for a decision to, or not to, invest in a company. It’s always important to dig into trends for a period longer than a single trading day. When it comes to PGNX, here are the returns on investment that we’ve seen:

  • Past 5 Sessions – Over the past 5 trading sessions, PGNX has generated a change in value amounting to -7.19%.
  • Monthly – The return on investment from Progenics Pharmaceuticals, Inc. over the past 30 days has been -18.99%.
  • Past Three Months – Throughout the last three months, the stock has generated a return on investment of -5.30%
  • Past Six Months – In the past 6 months, we have seen a performance of 2.88% from the stock.
  • This Year So Far – Since the the last trading session of last year PGNX has generated a return on investment of 10.71%.
  • Full Year – Lastly, throughout the past full year, investors have seen a change that works out to -43.43% from PGNX. In this period of time, the stock has sold at a high of -44.71% and a low of 28.45%.

Key Ratios

Looking at a few ratios associated with a company can give traders a look of just how dangerous and/or rewarding a pick might be. Below are some of the key ratios to look at when looking at PGNX.

Short Ratio – The short ratio is a tool that’s used by traders to measure the level of short interest. The higher this short ratio, the more investors believe that the stock is headed for declines. Across the sector, biotech stocks can come with a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, in relation to Progenics Pharmaceuticals, Inc., it’s short ratio clocks in at 13.35.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure the company’s abilities to pay its debts as they mature based on current assets or quick assets. In the biotechnology sector, many companies rely heavily on the continuation of investor support, these ratios can look upsetting. Nonetheless, quite a few gems in the biotech sector do have positive current and quick ratios. As it relates to PGNX, the quick and current ratios come to 4.80 and 4.80 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the price of shares. when it comes to Progenics Pharmaceuticals, Inc., the book to share value ratio is 0.99.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. Several clinical stage biotech companies struggle to keep cash on hand. So, if you’re interested in a biotechnology stock, this is an important ratio to consider. In this case, the cash to share value ratio works out to 1.24.

What Analysts Think About Progenics Pharmaceuticals, Inc.

While it’s never a good idea to blindly follow the opinions of analysts, it is a good idea to consider their thoughts to validate your own due diligence when it comes to making investment decisions in the biotech sector. Below you’ll find the recent moves that we have seen from analysts when it comes to PGNX.

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Dec-07-18 Initiated Credit Suisse Outperform $6.50
Sep-14-18 Downgrade Needham Strong Buy → Buy $16 → $12
Aug-01-18 Reiterated Needham Strong Buy $14 → $16
Feb-06-17 Upgrade Needham Buy → Strong Buy $11 → $14
Oct-27-16 Initiated Aegis Capital Buy

Smart Money Follows 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 PGNX, here’s what we’re seeing:

Institutions own 80.30% of the company. Institutional interest has moved by 2.65% over the past three months. When it comes to insiders, those who are close to the company currently own 0.10% percent of PGNX shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

A Look At Share Counts

Traders seem to be interested in the counts of shares both outstanding and available. In regard to Progenics Pharmaceuticals, Inc., currently there are 88.12M and there is a float of 78.36M. This means that out of the total of 88.12M shares of PGNX in existence today, 78.36M are able to be traded by the public.

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 PGNX, the short percent of the float is 12.83%.

Financial Performance

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

  • Analyst Expectations – Currently, Wall Street analysts are expecting that PGNX will report EPS that comes to -0.17, with -0.19 to be announced in the report for the current quarter. Although this is not tide to earnings, because we are talking on the topic of Wall St. analysts, the stock is currently graded as a 1.60 considering a scale that ranges from 1 to 5 where 1 is the worst possible Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – In the past 5 years, Progenics Pharmaceuticals, Inc. has announced a change in sales that comes to a total of 14.70%. Earnings per share through the past half decade have generated a change of -2.60%.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is commonly explained in the human world, the company has created a change in earnings that comes to a total of -19.70%. Progenics Pharmaceuticals, Inc. has also experienced movement when it comes to revenue that totals 34.40%.

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