uniQure N.V. (QURE) Stock: Why It’s Headed For The Top

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uniQure N.V. (QURE) is working its way for to the top in the market today. The company, focused in the biotechnology industry, is presently trading at $56.24 after heading up 6.09% so far in today’s session. As it relates to biotech stocks, there are quite a few factors that have the ability to lead to movement in the market. News is one of the most common reasons for movement. Here are the most recent stories relating to QURE:

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Jul-31-19 06:28AM Introducing uniQure (NASDAQ:QURE), The Stock That Soared 653% In The Last Three Years
Jul-29-19 08:35AM UniQure (QURE) Reports Q2 Loss, Tops Revenue Estimates
07:18AM uniQure Announces Second Quarter 2019 Results and Highlights Recent Company Progress
Jul-26-19 07:00AM uniQure to Participate in Multiple Upcoming Industry Conferences
Jul-19-19 12:15PM Uniqure Nv (QURE) CEO, CFO, Managing Director Matthew C Kapusta Sold $571,600 of Shares

However, any time investors are making a decision with regard to investing, prospective investors should take a look at much more than news, this is especially the case in the highly speculative biotechnology space. Here’s what’s happening in regard to uniQure N.V..

The Performance That QURE Investors Have Experienced

Although a move toward the top in a single session, like the gain that we’re seeing from uniQure N.V. may make some investors jump for joy, a single session gain by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It’s generally important to look into trends for a period longer than a single trading day. As it relates to QURE, below are the movements that we have seen:

  • Weekly – Over the last week, QURE has produced a change in value amounting to 0.43%.
  • Past Month – The monthly ROI from uniQure N.V. comes to -19.25%.
  • Quarterly – Throughout the last 3 months, the company has generated a return of -3.03%
  • Bi-Annually – In the last six months, we have seen a performance that works out to 43.14% from the company.
  • YTD – Since the close of last year QURE has resulted in a return on investment of 95.14%.
  • Full Year – Lastly, in the past full year, we’ve seen movement in the amount of 59.27% out of QURE. Throughout this period, the stock has traded at a high price of -31.82% and a low of 155.87%.

Ratios Of Note

Looking at a few ratios associated with a company can give traders a look of how dangerous and/or potentially profitable a an investment option may be. Below are a few of the key ratios to look at when digging into QURE.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the amount of short interest. The higher this short ratio, the more investors have a belief that the stock is going to fall. Across the sector, biotechnology stocks tend to carry a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the sector. Nonetheless, when it comes to uniQure N.V., it’s short ratio clocks in at 3.88.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure whether or not a company can cover its debts when they mature using quick assets or current assets. In the biotech space, companies rely heavily on the continuation of investor support, the current and quick ratios can look bad. However, several better companies in the biotech space do have good current and quick ratios. When it comes to QURE, the quick and current ratios add up to 8.10 and 8.10 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price of the stock. In this case, that ratio is 3.49.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of the company’s stock. Several clinical stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotech sector, this is an important ratio to think about. As it relates to QURE, the cash to share value ratio is 4.73.

What Analysts Think About uniQure N.V.

While it’s never a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a smart idea to consider their analysis in order to validate your own due diligence before making investment decisions in the biotech space. Here are the recent moves that we’ve seen from analysts when it comes to QURE.

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Jul-30-19 Downgrade Guggenheim Buy → Neutral
Jul-08-19 Reiterated Cantor Fitzgerald Overweight $81 → $94
Apr-12-19 Initiated Piper Jaffray Overweight $80
Mar-29-19 Initiated Robert W. Baird Outperform $85
Mar-04-19 Reiterated Chardan Capital Markets Buy $70 → $100

Is Big Money Interested in uniQure N.V.?

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 QURE, here’s what we’re seeing:

Institutions own 78.70% of the company. Institutional interest has moved by -0.04% over the past three months. When it comes to insiders, those who are close to the company currently own 1.30% percent of QURE shares. Institutions have seen ownership changes of an accumulative -19.08% 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 38.95M shares of uniQure N.V. 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, QURE has a float of 32.44M.

I also find it important to dig into the short percent. After all, when a large percentage of the float is shorted, the overall opinion among investors is that the stock is headed for a deep dive. As far as it relates to QURE, the percentage of the float that is currently being sold short is 8.91%. Most traders believe that a concerning short percent of the float would be considered to be anything over 40%. Nonetheless, I have found that a short percent of the float over 26% is generally a risky play.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-3.38. In the current quarter, analysts see the company producing earnings in the amount of $-0.82. Over the last 5 years, QURE has generated revenue in the amount of $30.80% with earnings coming in at 1.20%. On a quarter over quarter basis, earnings have seen movement of -46.00% and revenue has seen movement of -19.40%.

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