PDL BioPharma, Inc. (PDLI) Stock: Here’s What’s Happening


PDL BioPharma, Inc. (PDLI) is working its way for to the top in the market today. The stock, one that is focused on the biotechnology space, is currently priced at $2.89 after a move up of 16.53% so far in today’s session. When it comes to biotechnology companies, there are several aspects that have the ability to cause movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines relating to PDLI:

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Oct-23-19 07:00AM Engine Capital Issues Open Letter to Board of PDL BioPharma
Sep-26-19 09:00AM PDL BioPharma to Participate in the 2019 Cantor Fitzgerald Global Healthcare Conference
Sep-24-19 10:20AM A Look At The Fair Value Of PDL BioPharma, Inc. (NASDAQ:PDLI)
Sep-12-19 10:20PM PDL BioPharma Announces Private Exchange of Approximately $86.1 Million of Convertible Notes Due 2024
Sep-11-19 10:44PM PDL BioPharma Announces Favorable Decision in Wellstat Diagnostics Litigation

Nonetheless, when making a decision with regard to investing, investors should focus on much more than news, especially in the highly speculative biotech industry. Here’s what’s happening in regard to PDL BioPharma, Inc..

Recent Moves From PDLI

Although a move toward the top in a single session, like the move that we’re seeing from PDL BioPharma, Inc. might cause excitement in some investors, a single session move by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It’s always important to take a look at trends experienced by the stock beyond a single session. When it comes to PDLI, below are the movements that we have seen:

  • Weekly – Over the last five trading sessions, PDLI has produced a change in price in the amount of 21.43%.
  • Past 30 Days – The monthly ROI from PDL BioPharma, Inc. has been 30.18%.
  • Past Quarter – Throughout the last three months, the stock has produced a return that works out to -2.03%
  • Past Six Months – In the last 6 months, we’ve seen a performance that works out to -14.50% from the stock.
  • Year To Date – Since the the last trading session of last year PDLI has resulted in a ROI of -0.34%.
  • Full Year – Finally, over the past year, we have seen movement of 13.78% out of PDLI. In this period of time, the stock has traded at a high of -25.71% and a low of 40.29%.

Ratios That Are Notable

Looking at various key ratios having to do with a company can provide prospective traders a view of how risky and/or rewarding a pick might be. Here are a few of the key ratios to consider when looking at PDLI.

Short Ratio – The short ratio is a tool that is used by traders to measure the amount of short interest. As the ratio climbs, it shows that more investors have a belief that the value of the stock is headed for declines. Throughout the sector, biotech stocks can have a higher short ratio. However, we also see quite a few short squeezes in the industry. Nonetheless, as it relates to PDL BioPharma, Inc., it’s short ratio amounts to 7.66.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure If a company is able to cover its debts when they mature using quick assets or current assets. Because many biotech many companies rely on the continuation of support from investors, the current and quick ratios can seem bad. However, some better companies in the biotechnology industry come with great quick and current ratios. When it comes to PDLI, the quick and current ratios work out to 10.00 and 10.40 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets that are owned by the company. In this particular case, that ratio equates to 5.62.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of the company’s stock. Several early stage biotech companies have a hard time keeping cash on hand. So, if you’re considering an investment in a biotechnology stock, this is a very important ratio to think about. When it comes to PDLI, the cash to share value ratio comes to 0.

How Analysts Feel About PDL BioPharma, Inc.

While it’s rarely a good idea to avoid doing your DD and blindly following the thoughts of analysts, it is a smart idea to consider their opinions in order to validate your own thoughts when it comes to making investment decisions in the biotechnology industry. Here are the most recent moves that we have seen from analysts with regard to PDLI.

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Dec-22-16 Resumed Piper Jaffray Overweight
Feb-23-16 Reiterated RBC Capital Mkts Sector Perform $5 → $4
Feb-02-16 Reiterated RBC Capital Mkts Sector Perform $6 → $5
Nov-05-15 Reiterated RBC Capital Mkts Sector Perform $7 → $6
Oct-16-15 Reiterated RBC Capital Mkts Sector Perform $8 → $7

Investors Tend To Follow The Big Money

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 PDLI, here’s what we’re seeing:

  • Institutions – Currently, institutions own 94.40% of PDL BioPharma, Inc.. However, it is worth considering that the ownership held by institutions has seen a move in the amount of -0.03% throughout the last 3 months.
  • Insider Holdings – with regard to insiders, those close to the company currently hold 0.10% of PDL BioPharma, Inc.. Their ownership of the company has moved 0.00% over the last quarter.

Interested In How Many Shares 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 117.09M shares of PDL BioPharma, 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, PDLI has a float of 110.99M.

I also find it important to dig into the short percentage of the float. After all, when a large percentage of the float is shorted, the overall feeling in the market is that the equity is headed for a deep dive. When it comes to PDLI, the percentage of the float that is currently being sold short sits at 10.52%. Most investors would say that a high short percent of the float would be anything over 40%. Nonetheless, I’ve calculated that a short ratio over 26% is usually a a play that could prove to be very risky.

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.07. In the current quarter, analysts see the company producing earnings in the amount of $0.05. Over the last 5 years, PDLI has generated revenue in the amount of $-15.40% with earnings coming in at -18.00%. On a quarter over quarter basis, earnings have seen movement of 95.10% and revenue has seen movement of -45.80%.

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