Protagonist Therapeutics, Inc. (PTGX) Stock: A Strong Pick In The Biotechnology Sector?

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Protagonist Therapeutics, Inc. (PTGX) is trending down in the market in today’s trading session. The company, one that is focused on the biotechnology sector, is currently trading at $10.81 after heading down -6.41% so far in today’s session. When it comes to biotech companies, there are quite a few aspects that have the potential to cause declines in the market. News is one of the most common reasons for movement. Here are the most recent stories centered around PTGX:

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Oct-02-19 11:39AM The Protagonist Therapeutics (NASDAQ:PTGX) Share Price Is Down 45% So Some Shareholders Are Getting Worried
Oct-01-19 07:00AM Protagonist Therapeutics Announces Acceptance of Abstracts at the UEG Week 2019 Meeting and the ACG 2019 Annual Scientific Meeting
Sep-25-19 07:00AM Protagonist Therapeutics to Present at the Cantor Global Healthcare Conference on Wednesday, October 2
Sep-04-19 04:30PM Protagonist Therapeutics Reports Granting of Inducement Awards
Sep-03-19 04:30PM Protagonist Therapeutics to Present at the H.C. Wainwright & Co. 2019 Annual Healthcare Conference

However, when making a decision with regard to investing, investors should focus on far more than just news, especially in the speculative biotechnology sector. Here’s what’s happing when it comes to Protagonist Therapeutics, Inc..

Recent Trends From PTGX

Although a decline in a single session, like what we’re seeing from Protagonist Therapeutics, Inc. may lead to fear in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It’s always important to dig into trends experienced by the stock for a period longer than a single trading session. In the case of PTGX, here are the returns that we have seen:

  • Past 5 Trading Sessions – In the last five trading sessions, PTGX has produced a change in price in the amount of -11.39%.
  • Monthly – The monthly performance from Protagonist Therapeutics, Inc. comes to -25.55%.
  • Past Quarter – Throughout the past 3 months, the company has produced a return that comes to -17.79%
  • Past 6 Months – Throughout the past six months, investors have seen a performance of -2.70% from the company.
  • This Year So Far – Since the the last trading session of last year PTGX has generated a return of 60.62%.
  • Annually – Finally, throughout the last year, we have seen a change in the amount of 15.00% from PTGX. Over this period, the stock has sold at a high price of -35.15% and a low price of 96.81%.

Ratios Worth Watching

Digging into a few ratios associated with a company can give prospective traders a look of just how risky and/or rewarding a pick may be. Below are a few of the key ratios to consider when looking at PTGX.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors are expecting that the price of the stock is headed for declines. In general, biotech stocks tend to carry a higher short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, in relation to Protagonist Therapeutics, Inc., it’s short ratio comes to 4.18.

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 with only quick assets or current assets. In the biotechnology industry, many companies rely on the continuation of support from investors, the quick and current ratios can look bad. However, quite a few gems in the biotechnology sector do have positive quick and current ratios. As far as PTGX, the quick and current ratios work out to 4.10 and 4.10 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 case, the book to share value ratio equates to 3.42.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. Many clinical stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotechnology space, this is an important ratio to consider. In this case, the cash to share value is 4.86.

What Analysts Say About Protagonist Therapeutics, Inc.

Although it’s rarely a good idea to unknowingly 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 biotech space. Below are the recent moves that we have seen from analysts when it comes to PTGX.

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Jul-08-19 Initiated H.C. Wainwright Buy $23
May-09-19 Upgrade Stifel Hold → Buy $11 → $17
Dec-06-18 Initiated Nomura Buy $13
Jan-29-18 Initiated Stifel Buy $32
Jul-21-17 Initiated BTIG Research Buy $36

Investors Tend To Follow The Big Money

One thing I’ve learned in my short time on Earth is that smart investors tend to follow big money. In other words, investors that are looking to keep the risk down will follow investments made by institutional investors as well as insiders of the company. So, what does the big money picture look like in regard to PTGX? Here’s the scoop:

Institutions own 95.70% of the company. Institutional interest has moved by 0.05% over the past three months. When it comes to insiders, those who are close to the company currently own 1.60% percent of PTGX shares. Institutions have seen ownership changes of an accumulative -3.30% over the last three months.

What You Need To Know About Share Counts

Investors and traders seem to have a heavy interest in the counts of shares both outstanding and available. In regard to Protagonist Therapeutics, Inc., currently there are 25.97M with a float of 25.10M. These data mean that of the total of 25.97M shares of PTGX in existence today, 25.10M are available to be traded in the public realm.

I also like to pay attention to the short percentage of the float. Think about it, when a large portion of the float available for trading is sold short, the overall opinion in the market is that the stock is headed for a dive. When it comes to PTGX, the percentage of the float that is sold short comes to a total of 3.44%. Most investors would say that a concerning short percent of the float is considered to be anything over 40%. However, I have seen that any short ratio over 26% is generally a risky play.

Financial Performance

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

  • Analyst Expectations – Currently, Wall Street analysts have expectations that Protagonist Therapeutics, Inc. will report EPS that comes to -2.94, with -0.71 to be announced in the next financial report. Although this is not earnings driven, since we’re talking about analysts, PTGX is presently rated a 1.50 on a scale from 1 to 5 on which 1 is the poorest Wall St. analyst grade and 5 is the best.
  • 5-Year Sales – Over the past 5 years, Protagonist Therapeutics, Inc. has generated a change in sales volume that adds up to 0. EPS over the past 5 years have seen movement in the amount of 0.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is generally represented in the world of humans, PTGX has created a change in earnings that amounts to -189.60%. The company has also moved the needle in terms of sales that comes to a total of 0.

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