Intellia Therapeutics, Inc. (NTLA) Stock: Here’s What’s Happening

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Intellia Therapeutics, Inc. (NTLA) is working its way for to the top in the market today. The stock, focused in the biotech space, is currently trading at $15.21 after a move up of 5.77% so far in today’s session. As it relates to biotech stocks, there are several aspects that have the ability to cause movement in the market. News is one of the most common reasons for movement. Here are the most recent headlines relating to NTLA:

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Sep-11-19 01:18PM Introducing Intellia Therapeutics (NASDAQ:NTLA), The Stock That Slid 52% In The Last Year
Aug-06-19 05:43AM Edited Transcript of NTLA earnings conference call or presentation 1-Aug-19 12:00pm GMT
Aug-01-19 12:23PM Intellia Therapeutics, Inc. (NTLA) Q2 2019 Earnings Call Transcript
08:55AM Intellia Therapeutics, Inc. (NTLA) Reports Q2 Loss, Tops Revenue Estimates
07:30AM Intellia Therapeutics Announces Second Quarter 2019 Financial Results and Company Update

Nonetheless, when making a decision with regard to investing, investors should look into far more than news, especially in the highly speculative biotech space. Here’s what’s happing when it comes to Intellia Therapeutics, Inc..

Recent Movement Out of NTLA

Although a gain in a single session, like the move that we’re seeing from Intellia Therapeutics, Inc. may make some investors happy, that alone should not be the reason for a decision to, or not to, invest in a company. It is always smart to look at trends experienced by the stock beyond a single session. As it relates to NTLA, here are the returns that we have seen:

  • Past 5 Trading Sessions – In the last five trading sessions, NTLA has seen a change in price that amounts to 15.05%.
  • Past Month – The monthly returns from Intellia Therapeutics, Inc. works out to -12.38%.
  • Quarterly – Over the last 3 months, the company has produced a return on investment of 7.64%
  • Past Six Months – In the previous 6 months, investors have seen a change that amounts to -7.76% from the stock.
  • Year To Date – Since the open of this year NTLA has generated a ROI of 11.43%.
  • Annually – Finally, in the past year, investors have seen performance in the amount of -43.62% from NTLA. In this period, the stock has traded at a high of -53.84% and a low price of 37.88%.

Key Ratios

Digging into various ratios associated with a stock can give prospective traders an understanding of how dangerous and/or rewarding a pick might be. Below are some of the important ratios to consider when looking at NTLA.

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it means that more investors have a belief that the price of the stock is going to fall. Throughout the sector, biotechnology stocks can come with a higher short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, as it relates to Intellia Therapeutics, Inc., it’s short ratio comes to 14.59.

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 for its debts when they mature based on current assets or quick assets. Because many biotech several companies rely heavily on continued support from investors, the current and quick ratios can look damning. However, several gems in the biotech space do have positive current and quick ratios. As it relates to NTLA, the quick and current ratios total up to 8.00 and 8.00 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 case, that ratio comes in at 6.04.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of the company’s stock. Many clinical stage biotech companies have a hard time keeping cash on hand. So, if you’re interested in a stock in the biotechnology industry, this is an important ratio to think about. As it relates to NTLA, the cash to share value comes to 5.50.

How Analysts Feel About Intellia Therapeutics, Inc.

While it’s not a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their opinions in order to validate your own due diligence before making an investment decision in the biotech space. Here are the most recent moves that we’ve seen from analysts when it comes to NTLA.

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Jul-09-19 Initiated Robert W. Baird Outperform $23
Jun-10-19 Initiated ROTH Capital Neutral $16
May-03-19 Upgrade Wedbush Neutral → Outperform $20 → $21
Apr-12-19 Initiated Evercore ISI Outperform
Nov-02-18 Downgrade Wedbush Outperform → Neutral $36 → $20

Show Me The 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 NTLA, here’s what we’re seeing:

  • Institutions – As it stands now, institutional investors own 77.00% of NTLA. However, it is worth noting that the ownership held by institutions has moved in the amount of 10.77% throughout the last 3 months.
  • Insider Moves – When it comes to insiders, those close to the situation currently hold 22.51% of the company. Insider ownership of the company has changed in the amount of 0.07% in the past quarter.

Interested In How Many Shares Are Available?

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 49.29M shares of Intellia Therapeutics, 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, NTLA has a float of 38.32M.

It’s also important to follow the short percentage of the float. Think about it, if a high percentage of the float available for trading is sold short, the overall opinion in the market is that the company is headed for a dive. With regard to NTLA, the percentage of the float that is sold short comes to a total of 22.45%. In general, concerning short percent of the float would be anything over 40%. Nonetheless, I have found that anything over 26% is usually a risky play.

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-2.74. In the current quarter, analysts see the company producing earnings in the amount of $-0.62. Over the last 5 years, NTLA has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -8.10% and revenue has seen movement of 44.20%.

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