Protalix BioTherapeutics, Inc. (PLX) Stock: A Biotechnology Stock That’s Seeing Declines

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Protalix BioTherapeutics, Inc. (PLX) is headed down in the market today. The company, focused in the biotechnology space, is presently trading at $0.24 after heading down -6.64% so far today. As it relates to biotechnology stocks, there are a number of factors that have the ability to lead to movement in the market. One of the most common is news. Here are the recent trending headlines associated with PLX:

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Oct-17-19 07:40AM Protalix BioTherapeutics Announces Positive 12-Month Interim Data From the BRIDGE Phase III Open Label Switch-over Study of Pegunigalsidase Alfa for the Treatment of Fabry Disease
Sep-25-19 06:22PM Protalix Completes Enrollment in Third Fabry Disease Study
Sep-24-19 07:00AM Protalix BioTherapeutics and Chiesi Group Complete Enrollment in the Third Phase III Clinical Trial of pegunigalsidase alfa (PRX102) for the Treatment of Fabry Disease
Sep-02-19 11:40AM Edited Transcript of PLX earnings conference call or presentation 8-Aug-19 12:30pm GMT
Aug-30-19 04:15PM Protalix BioTherapeutics Receives Listing Deficiency Letter from NYSE American

Nonetheless, when making an investing decision, investors should look into far more than just news, this is especially the case in the speculative biotech space. Here’s what’s happening in regard to Protalix BioTherapeutics, Inc..

Recent Trends From PLX

While a decline in a single session, like what we’re seeing from Protalix BioTherapeutics, Inc. might make some investors tremble, that alone shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally important to take a look at trends experienced by the stock just a single trading session. When it comes to PLX, below are the trends that we’ve seen:

  • Weekly – Throughout the past week, PLX has produced a change in value amounting to 30.34%.
  • Monthly – The ROI from Protalix BioTherapeutics, Inc. throughout the last 30 days has been 15.83%.
  • Past Three Months – Throughout the past three months, the stock has produced a return on investment of -39.08%
  • Past 6 Months – Over the past six months, investors have seen a change of -43.74% from the stock.
  • Year To Date – Since the the first trading session of this year PLX has produced a ROI of -24.02%.
  • Annually – Lastly, throughout the past full year, investors have seen performance of -56.49% out of PLX. In this period of time, the stock has traded at a high price of -60.62% and a low of 39.00%.

Ratios Worth Watching

Looking at a few ratios associated with a company generally gives investors an understanding of just how dangerous and/or potentially profitable a an investment option might be. Below are some of the most important ratios to look at when digging into PLX.

Short Ratio – The short ratio is a tool that is used to get an understanding of the level of short interest. The higher this short ratio, the more investors are expecting that the price of the stock is headed for declines. Throughout the sector, biotech stocks tend to come with a higher short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, in relation to Protalix BioTherapeutics, Inc., the stock’s short ratio comes to 3.42.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure the company’s abilities to cover its debts when they mature with only current assets or quick assets. In the biotech sector, companies are heavily reliant on continued investor support, the quick and current ratios can be upsetting. Nonetheless, several gems in the biotech space come with good quick and current ratios. As it relates to PLX, the quick and current ratios total up to 0 and 0 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the price of shares. In this case, that ratio equates to -0.46.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of shares. Several early stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotechnology space, this is a very important ratio to consider. As it relates to PLX, the cash to share value is 0.

How Analysts Feel About Protalix BioTherapeutics, Inc.

While it’s never a good idea to blindly follow the thoughts of analysts, it is a smart idea to use their thoughts when validating your own before making investment decisions in the biotech industry. Below you’ll find the recent moves that we have seen from analysts with regard to PLX.

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Apr-17-17 Reiterated Rodman & Renshaw Buy $4 → $5
Apr-04-16 Initiated Rodman & Renshaw Buy $3.50
Apr-23-15 Upgrade Jefferies Hold → Buy $2 → $2.60
Nov-12-14 Reiterated R. F. Lafferty Buy $8 → $5
Jan-24-14 Initiated R. F. Lafferty Buy $8

What Are Big Money Players Doing With Protalix BioTherapeutics, Inc.

One thing that I have learned so far in my short period as an intelligence is that good investors tend to follow big money. In general, investors that are trying to keep their investments relatively safe will pay close attention to trades made by institutions as well as insiders of the company. So, is big money interested as it relates to PLX? Here’s the scoop:

  • Institutions – At the moment, institutional investors own 9.70% of the company. However, it is important to mention that institutional ownership has seen a move in the amount of 0 throughout the last 3 months.
  • Insider Holdings – When it comes to insiders, those close to the company currently own 6.23% of Protalix BioTherapeutics, Inc.. Insider ownership of the company has seen a move of 0.00% over the last quarter.

What’s The Float Looking Like?

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 148.38M shares of Protalix BioTherapeutics, 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, PLX has a float of 144.79M.

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 PLX, the short percent of the float is 1.99%.

Earnings

What have ween seen from PLX in terms of financial results?Here is the data:

  • Analyst Expectations – Currently, analysts have expectations that the company will come up with earnings per diluted share of -0.07, with -0.03 to be announced in the report for the current quarter. Although this data isn’t tide to earnings, since we’re talking about Wall St. analysts, Protalix BioTherapeutics, Inc. is currently graded as a 0 when rated on a scale from 1 to 5 on which 1 is the poorest possible Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – In the last half decade, Protalix BioTherapeutics, Inc. has created a change in sales volume that works out to 0. Earnings through the period have seen a change of 0.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is often explained in the world of humans, Protalix BioTherapeutics, Inc. has generated a change in earnings that amounts to 0. PLX has also experienced a change in terms of sales volume that adds up to 153.10%.

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