Cancer Genetics, Inc. (CGIX) Stock: A Biotechnology Stock That’s Seeing Gains

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Cancer Genetics, Inc. (CGIX) is trending up in the market in today’s trading session. The stock, focused on the biotech space, is currently trading at $0.18 after a move up of 22.14% so far in today’s session. As it relates to biotechnology stocks, there are quite a few factors that have the potential to generate movement in the market. One of the most common is news. Here are the most recent headlines associated with CGIX:

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Aug-20-19 08:00AM Cancer Genetics Reports Second Quarter 2019 Financial Results and Provides Strategic Business Update
Jul-16-19 12:44PM A Look At Benzinga Pro’s Most-Searched Tickers For July 16, 2019
08:44AM Cancer Genetics Sharply Higher After Interpace Buys Biopharma Unit
Jul-15-19 04:22PM Cancer Genetics, Inc. Announces Strategic Transactions
04:10PM Interpace Diagnostics Acquires Cancer Genetics Biopharma Services Business Supported by Investment from Ampersand Capital Partners

However, any time investors are making an investing decision, investors should take a look at much more than news, especially in the highly speculative biotechnology sector. Here’s what’s happing when it comes to Cancer Genetics, Inc..

The Performance That CGIX Investors Have Experienced

Although a move toward the top in a single session, like the gain that we’re seeing from Cancer Genetics, Inc. may make some investors jump for joy, a single session gain by itself should not be the reason for a decision to, or not to, invest in a stock. It is generally smart to look at trends experienced by the stock further out than a single session. When it comes to CGIX, here are the movements that investors have experienced:

  • Past 5 Sessions – Over the last five trading sessions, CGIX has produced a change in value amounting to 63.98%.
  • Past 30 Days – The monthly returns from Cancer Genetics, Inc. works out to 84.48%.
  • Past 3 Months – Throughout the past 3 months, the stock has produced a ROI of 1.20%
  • Past 6 Months – Throughout the last 6 months, investors have seen a change that amounts to -33.42% from the stock.
  • This Year So Far – Since the open of this year CGIX has produced a ROI of -26.82%.
  • Full Year – Lastly, in the last year, we have seen movement of -80.34% out of CGIX. Over this period, the stock has traded at a high of -81.47% and a low price of 108.35%.

Crucial Ratios

Looking at a few key ratios having to do with a company can provide prospective investors a view of just how dangerous and/or potentially profitable a stock pick may be. Below are a few of the key ratios to look at when digging into CGIX.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the price of the stock is headed for declines. Throughout the sector, biotechnology 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, when it comes to Cancer Genetics, Inc., the stock’s short ratio is 0.89.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure whether or not a company can pay for its debts when they mature using current assets or quick assets. In the biotechnology sector, several companies rely heavily on continued support from investors, the quick and current ratios can seem upsetting. Nonetheless, some good picks in the biotechnology industry do have great quick and current ratios. When it comes to CGIX, the quick and current ratios work out to 0.80 and 0.80 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets owned by the company to the share price. In this case, the book to share value ratio works out to 0.09.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. Many early stage biotech companies struggle to keep cash on hand. So, when investing in the biotech space, this is an important ratio to think about. In this case, the cash to share value ratio is 0.01.

Analyst Opinions Of Cancer Genetics, Inc.

While it’s not a smart idea to blindly follow the opinions of analysts, it is a good idea to use their opinions when validating your own before making an investment decision in the biotech sector. Below are the most recent moves that we have seen from analysts as it relates to CGIX.

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Dec-07-17 Initiated Maxim Group Buy $6
Jun-27-17 Initiated Dawson James Buy
Jun-26-17 Initiated The Benchmark Company Speculative Buy $6
Sep-26-16 Initiated Rodman & Renshaw Buy $6

Is Big Money Interested in Cancer Genetics, Inc.?

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 CGIX, here’s what we’re seeing:

Institutions own 16.20% 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 24.60% percent of CGIX shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Looking At Share Counts

Traders and investors seem to have a heavy interest in the counts of shares both outstanding and available. In terms of Cancer Genetics, Inc., there are currently 57.52M and there is a float of 50.09M. This means that out of the total of 57.52M shares of CGIX currently in existence today, 50.09M are available to trade hands in the public space.

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 CGIX, the short percent of the float is 7.46%.

What We’ve Seen In Financial Results

What have ween seen from CGIX in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands at the moment, Wall St. analysts expect that the company will come up with earnings per diluted share of 0, with 0 to be reported in the earnings report for the current quarter. Although this information is not based on earnings, because we are chatting about analysts, Cancer Genetics, Inc. is presently rated a 3.00 considering a scale that ranges from 1 to 5 where 1 is the poorest Wall Street analyst grade and 5 is the best.
  • 5-Year Sales – Throughout the last half decade, Cancer Genetics, Inc. has reported a change in sales volume in the amount of 33.00%. Earnings per diluted share over the past 5 years have experienced a change of 22.40%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is often represented in the human world, the company has experienced a change in earnings that comes to a total of -134.90%. The company has also experienced movement with regard to sales volume that totals 15.40%.

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