Exelixis, Inc. (EXEL) Stock: Here’s What’s Happening

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Exelixis, Inc. (EXEL) is gaining in the market in today’s trading session. The stock, focused on the biotechnology space, is currently priced at $21.72 after climbing 8.93% so far today. When it comes to biotechnology companies, there are quite a few factors that have the potential to generate gains in the market. One of the most common is news. Here are the recent trending headlines relating to EXEL:

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Aug-05-19 11:46PM Edited Transcript of EXEL earnings conference call or presentation 31-Jul-19 9:00pm GMT
10:00AM Exelixis Hits Blockbuster Status
07:49AM Is Exelixis, Inc. (NASDAQ:EXEL) A High Quality Stock To Own?
Aug-02-19 11:15PM Exelixis Inc (EXEL) President and CEO Michael Morrissey Sold $709,560 of Shares
Aug-01-19 10:50AM Exelixis (EXEL) Q2 Earnings & Sales Beat, Cabometyx Shines

However, when making a decision with regard to investing, prospective investors should take a look at far more than just news, this is especially the case in the highly speculative biotech industry. Here’s what’s happing when it comes to Exelixis, Inc..

Trends That We’ve Seen From EXEL

While a gain in a single session, like the move that we’re seeing from Exelixis, Inc. may make some investors happy, a single session gain alone should not be the basis of a decision to, or not to, invest in a stock. It is always important to look at trends further out than a single session. As it relates to EXEL, here are the movements that investors have experienced:

  • Past 5 Trading Sessions – In the past five trading sessions, EXEL has produced a price change that amounts to 5.23%.
  • Past Month – The monthly ROI from Exelixis, Inc. has been -1.85%.
  • Past Three Months – Over the past 3 months, the company has produced a ROI of 12.36%
  • Past Six Months – In the past six months, we’ve seen a change that works out to -2.43% from the stock.
  • Year To Date – Since the the last trading session of last year EXEL has resulted in a return of 10.42%.
  • Full Year – Lastly, over the past full year, investors have seen performance that comes to 11.90% out of EXEL. In this period, the stock has sold at a high price of -14.18% and a low of 61.85%.

Ratios Worth Watching

Digging into various key ratios having to do with a company can give investors an understanding of how dangerous and/or potentially profitable a stock pick may be. Here are a few of the most important ratios to look at when digging into EXEL.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the price of the stock is headed for declines. Across the sector, biotechnology stocks tend to have a higher short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, in regard to Exelixis, Inc., it’s short ratio amounts to 5.93.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure If a company is able to pay its debts when they come due using quick assets or current assets. In the biotech space, several companies are reliant on the continuation of investor support, the current and quick ratios can be upsetting. Nonetheless, quite a few gems in the biotech sector do have great current and quick ratios. In terms of EXEL, the quick and current ratios come to 8.50 and 8.60 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. In the case of Exelixis, Inc., the book to share value ratio equates to 4.93.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of shares. Many clinical stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotech space, this is a very important ratio to look into. In terms of EXEL, the cash to share value works out to 2.67.

Analyst Opinions With Regard To Exelixis, Inc.

While it’s never a good idea to blindly follow the thoughts of analysts, it is a good idea to use their analysis when validating your own when it comes to making investment decisions in the biotech sector. Here are the recent moves that we’ve seen from analysts with regard to EXEL.

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Mar-18-19 Upgrade Morgan Stanley Underweight → Equal-Weight
Sep-17-18 Initiated Goldman Neutral $22
Sep-10-18 Initiated Morgan Stanley Underweight $19
May-11-18 Reiterated Needham Buy $33 → $30
Oct-17-17 Reiterated RBC Capital Mkts Outperform $33 → $39

Is Big Money Interested In Exelixis, 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 EXEL, here’s what we’re seeing:

  • Institutions – Currently, institutional investors hold 79.20% of the company. Nonetheless, it is worth mentioning that institutional ownership has changed in the amount of -1.67% throughout the past quarter.
  • Insider Moves – as it relates to insiders, those close to the situation currently hold 1.40% of Exelixis, Inc.. Insider ownership of the company has changed by -26.55% over the last quarter.

Float Information

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 308.19M shares of Exelixis, 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, EXEL has a float of 293.08M.

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 EXEL, the short percent of the float is 4.98%.

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 $1.16. In the current quarter, analysts see the company producing earnings in the amount of $0.18. Over the last 5 years, EXEL has generated revenue in the amount of $93.70% with earnings coming in at 29.60%. On a quarter over quarter basis, earnings have seen movement of -10.40% and revenue has seen movement of 29.10%.

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