Onconova Therapeutics, Inc. (ONTX) Stock: Why It’s Headed Down

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Onconova Therapeutics, Inc. (ONTX) is trending down in the market in today’s trading session. The company, focused in the biotech industry, is currently priced at $0.95 after falling -11.47% so far today. As it relates to biotechnology stocks, there are quite a few aspects that have the potential to lead to price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines associated with ONTX:

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Sep-24-19 10:15AM Bucks County biopharm firm opts for private over public stock sale
Sep-23-19 08:52AM Onconova Therapeutics, Inc. Announces $3.4 Million Registered Direct Offering of Common Stock
Sep-19-19 07:39AM The Daily Biotech Pulse: China Biologics Receives Buyout Offer, Provention Bio Offering, Exagen IPO
Sep-18-19 10:05AM Onconova Therapeutics Announces Termination of Proposed Public Offering
Sep-16-19 07:30AM Onconova Therapeutics Announces Presentation on Rigosertib at the RAS-Targeted Drug Discovery Summit

However, when making a decision with regard to investing, prospective investors should focus on much more than just news, especially in the speculative biotech sector. Here’s what’s going on with Onconova Therapeutics, Inc..

How ONTX Has Been Trending

While a move down on a single session, like the fall that we’re seeing from Onconova Therapeutics, Inc. may cause fear in some investors, a single session move by itself should not be the basis of a decision to, or not to, buy a company’s stock. It is always smart to take a look at trends further out than a single trading day. In the case of ONTX, here are the returns that investors have experienced:

  • Weekly – In the last week, ONTX has generated a price change amounting to -40.79%.
  • Past 30 Days – The monthly returns from Onconova Therapeutics, Inc. works out to -58.45%.
  • Past Three Months – Throughout the last three months, the company has produced a return on investment that comes to -66.76%
  • Past 6 Months – In the past six months, we’ve seen a change of -71.29% from the stock.
  • This Year So Far – Since the open of this year ONTX has generated a ROI of -55.10%.
  • Annually – Finally, over the past full year, investors have seen performance that works out to -87.75% from ONTX. Over this period of time, the stock has traded at a high price of -88.15% and a low of -7.76%.

Ratios That Are Notable

Looking at a few key ratios having to do with a company can give prospective traders an understanding of just how risky and/or potentially profitable a stock pick might be. Below are a few of the most important ratios to think about when looking at ONTX.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the amount of short interest. As the short ratio heads up, it shows that more investors have a belief that the stock is headed for declines. Across the sector, biotech stocks tend to have a higher short ratio. On the other hand, we also tend to see a lot of short squeezes in the sector. Nonetheless, in relation to Onconova Therapeutics, Inc., the stock’s short ratio amounts to 2.50.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure If a company is able to pay for its debts as they mature based on quick assets or current assets. Because many biotech companies rely on continued support from investors, the current and quick ratios can seem damning. However, some better companies in the biotechnology industry come with good current and quick ratios. When it comes to ONTX, the quick and current ratios work out to 1.00 and 1.00 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets that are owned by the company. as it relates to Onconova Therapeutics, Inc., the book to share value ratio works out to -0.76.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of shares. Several early stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotechnology space, this is an important ratio to look into. In this case, the cash to share value ratio comes to 0.64.

Analyst Opinions With Regard To Onconova Therapeutics, Inc.

Although it’s never a good idea to unknowingly follow the opinions of analysts, it is a good idea to consider their opinions to validate your own opinions when it comes to making investment decisions in the biotechnology sector. Below you’ll find the most recent moves that we’ve seen from analysts with regard to ONTX.

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Mar-01-18 Reiterated H.C. Wainwright Buy $6 → $7.50
Jan-17-18 Downgrade Maxim Group Buy → Hold
Oct-09-17 Initiated H.C. Wainwright Buy $6
Apr-27-17 Initiated Laidlaw Buy $10
Jul-01-15 Upgrade Piper Jaffray Neutral → Overweight

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 ONTX, here’s what we’re seeing:

  • Institutional Investors – As it stands now, institutional investors own 39.40% of ONTX. Nonetheless, it’s important to consider that institutional ownership has seen a move of -13.90% throughout the last 3 months.
  • Investors On The Inside – When it comes to insiders, those close to the situation currently own 4.76% of Onconova Therapeutics, Inc.. Insider ownership of the company has seen a change of -70.46% over the last quarter.

Interested In How Many Shares Are Available?

Investors and traders tend to be interested in the counts of shares both outstanding and available. With respect to Onconova Therapeutics, Inc., there are currently 9.29M with a float of 5.73M. This means that out of the total of 9.29M shares of ONTX in existence today, 5.73M are available to trade hands in the public realm.

I also find it important to follow the short float. After all, if a high portion of the float is shorted, the overall feeling among traders is that the company is going to take a dive. As far as it relates to ONTX, the short percentage of the float totals up to 7.05%. Most investors would say that a concerning short percent of the float would be considered to be anything over 40%. Nonetheless, I’ve calculated that a short percent of the float over 26% is generally a play that comes with hefty risk.

What We’ve Seen In earnings results

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

  • Analyst Expectations – As it stands at the moment, Wall St. analysts have expectations that the company will generate EPS coming to a total of -2.26, with -0.63 being reported in the next financial report. Although this information is not earnings driven, because we are chatting about Wall St. analysts, ONTX is currently graded as a 2.00 on a scale from 1 to 5 on which 1 is the poorest Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – Over the past 5 years, Onconova Therapeutics, Inc. has announced a movement in sales volume in the amount of -23.70%. Earnings per share over the last 5 years have seen a change of 64.80%.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings data, or Q/Q data as it is often referred to as in the world of humans, Onconova Therapeutics, Inc. has generated a change in earnings that comes to a total of 45.70%. The company has also seen a change in regard to revenue that adds up to 300.00%.

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