Axovant Gene Therapies Ltd. (AXGT) Stock: Here’s What’s Happening

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Axovant Gene Therapies Ltd. (AXGT) is trending up in the market today. The stock, one that is focused in the biotech space, is currently priced at $5.99 after gaining 0.23% so far today. As it relates to biotechnology stocks, there are a number of factors that have the ability 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 relating to AXGT:

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Oct-10-19 08:00AM Axovant Gene Therapies Announces Upcoming Presentations at the European Society of Gene and Cell Therapy 27th Annual Congress
Oct-09-19 09:00AM Axovant (AXGT) Upgraded to Buy: Here’s What You Should Know
Sep-27-19 05:45PM Axovant (AXGT) Gains As Market Dips: What You Should Know
Sep-25-19 04:05PM Axovant Gene Therapies to Present at 2019 Cell & Gene Meeting on the Mesa
Sep-19-19 05:50PM Axovant (AXGT) Stock Moves -1.31%: What You Should Know

Nonetheless, when making a decision to invest, prospective investors should look into far more than news, this is especially the case in the speculative biotech sector. Here’s what’s happing when it comes to Axovant Gene Therapies Ltd..

Recent Movement Out of AXGT

Although a single session gain, like the gain that we’re seeing from Axovant Gene Therapies Ltd. may cause excitement in some investors, a single session gain by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It’s always important to look into trends further out than a single session. In the case of AXGT, below are the returns on investment that investors have seen:

  • Weekly – Throughout the past 5 trading sessions, AXGT has generated a change in value that amounts to -1.97%.
  • Past 30 Days – The monthly performance from Axovant Gene Therapies Ltd. comes to -22.74%.
  • Past Three Months – Throughout the last 3 months, the company has produced a ROI of -18.97%
  • Past Six Months – Over the past 6 months, we have seen a performance that works out to -30.14% from the company.
  • Year To Date – Since the close of last year AXGT has generated a return on investment of -24.95%.
  • Annually – Lastly, throughout the last year, investors have seen a change amounting to -66.02% out of AXGT. Throughout this period, the stock has traded at a high of -71.19% and a low of 57.31%.

Key Ratios

Looking at various ratios associated with a stock can give prospective traders a view of just how risky and/or potentially profitable a stock pick might be. Here are some of the key ratios to think about when digging into AXGT.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the stock is headed for declines. Across the sector, biotech stocks tend to carry a higher short ratio. On the other hand, we also tend to see quite a few short squeezes in the space. Nonetheless, in relation to Axovant Gene Therapies Ltd., it’s short ratio clocks in at 7.27.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Essentially, they measure whether or not a company can pay for its debts as they mature using quick assets or current assets. In the biotechnology sector, many companies rely on the continuation of investor support, the current and quick ratios can be upsetting. Nonetheless, several gems in the biotech space do have good current and quick ratios. When it comes to AXGT, the quick and current ratios total up to 1.70 and 1.70 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. In this particular case, the book to share value ratio works out to 1.29.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of shares. Several clinical stage biotech companies struggle to keep cash on hand. So, if you’re considering an investment in a stock in the biotechnology industry, this is an important ratio to consider. As it relates to AXGT, the cash to share value works out to 3.66.

What Analysts Say About Axovant Gene Therapies Ltd.

Although it’s never a good idea to blindly follow the opinions of analysts, it is a smart idea to use their thoughts when validating your own thoughts when it comes to making investment decisions in the biotechnology space. Here are the most recent moves that we’ve seen from analysts as it relates to AXGT.

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Aug-12-19 Upgrade Robert W. Baird Neutral → Outperform $16 → $13
Jun-21-19 Initiated SVB Leerink Outperform $18
Apr-12-19 Initiated Evercore ISI Outperform
Mar-11-19 Upgrade Chardan Capital Markets Neutral → Buy $4

Is Big Money Interested In Axovant Gene Therapies Ltd.

One thing I’ve learned in my brief time in existence has been that smart investors tend to follow the moves made by big money. That is to say, investors that want to play it relatively safe will pay close attention to moves made by institutional investors as well as those on the inside. So, is big money interested when it comes to AXGT? Here’s what’s happening:

  • Institutions – As it stands now, institutional investors hold 13.60% of AXGT. Nonetheless, it’s important to consider that institutional ownership has seen a move of 0.13% throughout the last quarter.
  • Insiders – with regard to insiders, those close to the company currently own 0.10% of Axovant Gene Therapies Ltd.. Insider ownership of the company has moved 0 in the past 3 months.

How Many Shares Of AXGT 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 23.01M shares of Axovant Gene Therapies Ltd. 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, AXGT has a float of 9.43M.

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 AXGT, the short percent of the float is 13.00%.

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-3.65. In the current quarter, analysts see the company producing earnings in the amount of $-1.09. Over the last 5 years, AXGT 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 68.00% and revenue has seen movement of 0.

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