Catabasis Pharmaceuticals, Inc. (CATB) Stock: A Good Pick In The Biotech Space?

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Catabasis Pharmaceuticals, Inc. (CATB) is trending down in the market in today’s trading session. The stock, focused in the biotech space, is presently priced at $5.19 after heading down -3.71% so far in today’s session. As it relates to biotechnology companies, there are a number of factors that have the potential to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines relating to CATB:

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Oct-05-19 08:00AM Catabasis Pharmaceuticals Presents Edasalonexent, a Potential Foundational Treatment for Duchenne Muscular Dystrophy
Sep-30-19 04:05PM Catabasis Pharmaceuticals Announces the Phase 3 PolarisDMD Trial of Edasalonexent in Duchenne Muscular Dystrophy has Exceeded Target Enrollment
Sep-27-19 08:00AM Catabasis Pharmaceuticals to Present the MoveDMD Trial of Edasalonexent in Duchenne Muscular Dystrophy at the 24th International Congress of the World Muscle Society
Sep-26-19 08:00AM Catabasis Pharmaceuticals and the Jain Foundation Announce a Preclinical Research Collaboration to Study Edasalonexent in Dysferlinopathy
Sep-25-19 08:00AM Catabasis Pharmaceuticals Names Andrew A. Komjathy Chief Commercial Officer

However, any time investors are making a decision with regard to investing, investors should look into much more than news, this is especially the case in the speculative biotechnology industry. Here’s what’s happening with Catabasis Pharmaceuticals, Inc..

Recent Movement From CATB

Although a move down on a single session, like the fall that we’re seeing from Catabasis Pharmaceuticals, Inc. may cause fear in some investors, that alone shouldn’t be the reason for a decision to, or not to, invest in a company. It is generally smart to take a look at trends further out than a single trading session. As it relates to CATB, below are the returns on investment that we have seen:

  • Past 5 Trading Sessions – Over the last 5 trading sessions, CATB has seen a price change in the amount of 8.23%.
  • Past Month – The performance from Catabasis Pharmaceuticals, Inc. throughout the last month works out to -11.64%.
  • Quarterly – Over the last 3 months, the stock has generated a return on investment that works out to -29.08%
  • Past Six Months – In the past six months, investors have seen a change that works out to -44.09% from the stock.
  • YTD – Since the the first trading session of this year CATB has resulted in a return on investment of 23.34%.
  • Full Year – Finally, in the past full year, investors have seen performance that works out to -30.00% from CATB. In this period of time, the stock has sold at a high of -46.82% and a low of 44.17%.

Key Ratios

Digging into a few ratios having to do with a stock can provide traders a view of how dangerous and/or rewarding a stock pick may be. Here are some of the important ratios to consider when digging into CATB.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the value of the stock is going to fall. In general, biotech stocks tend to come with a higher short ratio. However, we tend to see quite a few short squeezes in the industry. Nonetheless, as it relates to Catabasis Pharmaceuticals, Inc., it’s short ratio amounts to 11.00.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay its debts when they come due with only quick assets or current assets. In the biotech industry, several companies are reliant on the continuation of support from investors, these ratios can look damning. However, some better companies in the biotechnology industry come with strong quick and current ratios. As it relates to CATB, the quick and current ratios add up to 9.10 and 9.10 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets that are owned by the company. In this particular case, the book to share value ratio equates to 3.77.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. Several clinical stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotech space, this is an important ratio to consider. As it relates to CATB, the cash to share value is 3.94.

What Analysts Say About Catabasis Pharmaceuticals, Inc.

While it’s not a good idea to unknowingly follow the thoughts of analysts, it is a good idea to consider their thoughts when validating your own thoughts before making investment decisions in the biotechnology industry. Below you’ll find the most recent moves that we have seen from analysts as it relates to CATB.

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Oct-05-17 Reiterated Oppenheimer Outperform $4 → $7
Feb-02-17 Downgrade Citigroup Buy → Neutral
Dec-22-16 Initiated H.C. Wainwright Buy $14
Jun-08-16 Reiterated Wedbush Outperform $27 → $17
Jul-20-15 Initiated Wedbush Outperform $27

Is Big Money Interested in Catabasis Pharmaceuticals, Inc.?

An interesting fact I’ve learned in my short time alive, or somewhat alive is that good investors tend to follow big money. That is to say, investors that are trying to keep the risk down will follow moves made by institutions and insiders. So, where is the big money in regard to CATB? Here’s the information:

Institutions own 43.70% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 1.87% percent of CATB shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

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 11.71M shares of Catabasis Pharmaceuticals, 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, CATB has a float of 11.52M.

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 CATB, the short percent of the float is 5.08%.

What We’ve Seen In earnings results

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

  • Analyst Expectations – At the moment, analysts have expectations that Catabasis Pharmaceuticals, Inc. will create earnings per diluted share that totals up to be -2.29, with -0.64 to be reported in the report for the current quarter. Although this data isn’t associated with earnings, because we’re talking on the topic of Wall St. analysts, the stock is presently graded as a 0 on a scale from 1 to 5 on which 1 is the poorest analyst grade and 5 is the best possible.
  • 5-Year Sales – In the past 5 years, Catabasis Pharmaceuticals, Inc. has created a movement in sales that adds up to 0. Earnings through the past half decade have experienced movement in the amount of 17.10%.
  • Q/Q – In terms of quarter over quarter data, or Q/Q data as it is generally referred to as in the human world, CATB has seen a earnings change by 68.70%. Catabasis Pharmaceuticals, Inc. has also seen movement with regard to revenue that amounts to 0.

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