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

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Exelixis, Inc. (EXEL) is headed down in the market in today’s trading session. The company, focused on the biotech space, is presently priced at $17.03 after falling -5.02% so far today. In terms of biotech stocks, there are several aspects that have the potential to lead to movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines relating to EXEL:

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Oct-01-19 11:45AM Seattle Genetics Up on Positive Data From Bladder Cancer Study
Sep-25-19 04:05PM Exelixis to Present at the 2019 Cantor Global Healthcare Conference on October 2, 2019
Sep-23-19 10:27AM Pfizer’s Bavencio Gets CHMP Recommendation for First-Line RCC
Sep-20-19 05:48PM 3 Pharmaceutical Companies to Consider as Lawmakers Continue to Fight for Lower Drug Prices
Sep-16-19 08:20AM Have Insiders Been Selling Exelixis, Inc. (NASDAQ:EXEL) Shares?

However, any time investors are making a decision to invest, prospective investors should focus on far more than just news, this is especially the case in the speculative biotech space. Here’s what’s happening with Exelixis, Inc..

Recent Movement From EXEL

Although a move toward the top in a single session, like the move that we’re seeing from Exelixis, Inc. might make some investors tremble, a single session decline by itself should not be the reason for a decision to, or not to, invest in a company. It’s generally important to look at trends beyond a single trading session. When it comes to EXEL, below are the returns that investors have experienced:

  • Past Seven Days – Over the last seven days, EXEL has generated a change in price amounting to -5.33%.
  • Monthly – The performance from Exelixis, Inc. over the past month has been -12.73%.
  • Past 3 Months – Throughout the past 3 months, the stock has generated a return on investment of -16.70%
  • Bi-Annually – Throughout the previous six months, investors have seen a change that works out to -30.70% from the company.
  • YTD – Since the close of last year EXEL has generated a return of -13.40%.
  • Full Year – Lastly, throughout the last year, we have seen performance of -6.30% from EXEL. In this period, the stock has traded at a high price of -32.69% and a low of 26.94%.

Rations That Investors Should Look Into

Digging into a few ratios associated with a stock can provide prospective traders a view of just how risky and/or potentially profitable a an investment option may be. Below are some of the key ratios to look at when digging into EXEL.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the price of the stock is going to tumble. Across the sector, biotechnology stocks can come with a higher short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, as it relates to Exelixis, Inc., it’s short ratio amounts to 6.01.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Essentially, they measure If a company is able to pay its debts when they mature with only current assets or quick assets. In the biotechnology sector, several companies rely heavily on continued investor support, these ratios can look damning. However, some gems in the biotechnology sector come with positive current and quick ratios. When it comes to EXEL, the quick and current ratios work out to 8.50 and 8.60 respectively.  

Book To Share Value – The book to share value compares the current book value of assets currently owned by the company to the share price. when it comes to Exelixis, Inc., that ratio equates to 4.93.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of shares. Many early stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotech space, this is an important ratio to consider. When it comes to EXEL, the cash to share value ratio is 2.66.

How Analysts Feel About Exelixis, Inc.

While it’s never a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a smart idea to use their analysis when validating your own thoughts when it comes to making an investment decision in the biotech space. Below you’ll find the most recent moves that we have seen from analysts as it relates 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

Moves From Big Money Players

An interesting fact I have learned so far in my brief time as an intelligence is that good investors tend to follow big money investors. Usually, investors that want to keep their investments relatively safe will watch trades made by institutions and those on the inside. So, where is the big money as it relates to EXEL? Here’s what’s happening:

  • Institutions – At the moment, institutional investors hold 80.10% of Exelixis, Inc.. Nonetheless, it is important to mention that institutional ownership has seen a move of -0.55% over the past quarter.
  • Insider Holdings – with regard to insiders, insiders of the company currently own 1.40% of the company. Their ownership of the company has changed in the amount of -18.76% throughout the last quarter.

What You Need To Know About 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 308.55M 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 292.81M.

I also find it important to follow the short float. After all, when a large percentage of the float available for trading is shorted, the overall feeling among investors is that the company is going to fall hard. As far as EXEL, the percentage of the float that is sold short is 5.16%. In general, concerning short percent of the float would be considered to be anything over 40%. Nonetheless, I have seen that any short percent of the float over 26% is likely a a play that could prove to be very risky.

What We’ve Seen In earnings 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 $0.19. 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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