Atara Biotherapeutics, Inc. (ATRA) Stock: Here’s Why It’s Down


Atara Biotherapeutics, Inc. (ATRA) is making a move down in the market today. The stock, one that is focused in the biotech space, is currently trading at $11.35 after tumbling -7.72% so far today. When it comes to biotechnology stocks, there are a number of factors that have the ability to lead to price movement in the market. One of the most common is news. Here are the recent trending headlines centered around ATRA:

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Oct-28-19 12:39PM Did Hedge Funds Drop The Ball On Atara Biotherapeutics Inc (ATRA)?
Oct-25-19 06:11PM Atara Biotherapeutics Announces Executive Departures
Sep-27-19 11:54AM ATRA Stock Hits Five-Year Low on Goldman Bear Note
10:50AM Atara Biotherapeutics Stock Falls After Goldman Downgrade
Sep-26-19 07:37AM Is Atara Biotherapeutics (NASDAQ:ATRA) In A Good Position To Invest In Growth?

Nonetheless, any time investors are making a decision to invest, investors should look at far more than just news, especially in the speculative biotech sector. Here’s what’s happing when it comes to Atara Biotherapeutics, Inc..

Recent Moves From ATRA

Although a move down on a single session, like the move that we’re seeing from Atara Biotherapeutics, 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 company. It is always important to take a look at trends experienced by the stock further out than a single trading day. As it relates to ATRA, here are the returns on investment that we have seen:

  • Past 5 Trading Sessions – Throughout the last 5 trading sessions, ATRA has seen a change in value amounting to -12.69%.
  • Past Month – The monthly ROI from Atara Biotherapeutics, Inc. comes to -19.62%.
  • Past Quarter – Over the past three months, the stock has produced a return that works out to -20.46%
  • Past 6 Months – In the last six months, we have seen a performance of -65.25% from the stock.
  • YTD – Since the the last trading session of last year ATRA has generated a ROI of -67.33%.
  • Annually – Lastly, in the last full year, we’ve seen performance that comes to -66.56% from ATRA. Over this period, the stock has traded at a high price of -74.17% and a low price of -1.30%.

Rations That Traders Should Look Into

Looking at various ratios having to do with a company can provide traders a view of how risky and/or rewarding a an investment option might be. Here are a few of the important ratios to look at when looking at ATRA.

Short Ratio – The short ratio is a tool that’s used by traders to measure the level of short interest. As the short ratio climbs, it means that more investors believe that the value of the stock is headed for declines. Throughout the sector, biotechnology stocks can have a higher short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, with regard to Atara Biotherapeutics, Inc., the stock’s short ratio is 14.22.

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 come due using quick assets or current assets. In the biotechnology industry, companies rely heavily on continued support from investors, the current and quick ratios can be bad. Nonetheless, quite a few better companies in the biotech space come with good current and quick ratios. As it relates to ATRA, the quick and current ratios total up to 7.80 and 7.80 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets currently owned by the company to the share price. In this particular case, the book to share value ratio is 5.00.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of the company’s stock. Several clinical stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotechnology industry, this is a very important ratio to consider. In this case, the cash to share value ratio comes to 3.54.

What Analysts Say About Atara Biotherapeutics, Inc.

While it’s rarely a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a smart idea to consider their analysis in order to validate your own opinions when it comes to making investment decisions in the biotech sector. Below are the most recent moves that we’ve seen from analysts with regard to ATRA.

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Sep-27-19 Downgrade Goldman Neutral → Sell $14 → $9
Sep-16-19 Downgrade Jefferies Buy → Hold $32 → $15
Jun-04-19 Upgrade Citigroup Sell → Neutral $23 → $24
May-30-19 Initiated ROTH Capital Buy
May-23-19 Initiated Stifel Buy

Is Big Money Interested in Atara Biotherapeutics, 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 ATRA, here’s what we’re seeing:

  • Institutional Investors – Currently, institutions own 99.80% of ATRA. On the other hand, it’s worth noting that institutional ownership has seen a move of 2.03% over the last quarter.
  • Investors On The Inside – as it relates to insiders, those close to the situation currently own 1.50% of the company. Their ownership of the company has seen a move of -2.94% in the last quarter.

Looking At Share Counts

Investors and traders seem to have an interest in the counts of shares both available and outstanding. As far as Atara Biotherapeutics, Inc., there are currently 53.76M and there is a float of 52.69M. These numbers mean that out of the total of 53.76M shares of ATRA that are out there today, 52.69M are able to be traded in the public space.

It’s also important to follow the short float. Think about it, when a high percentage of the float available for trading is sold short, the overall opinion among investors is that the equity is headed for a dive. With regard to ATRA, the percentage of the float that is shorted is 20.48%. Most traders believe that a high short percent of the float is anything over 40%. Nonetheless, I have calculated that any short ratio over 26% is likely a a play that could prove to be very risky.

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-5.41. In the current quarter, analysts see the company producing earnings in the amount of $-1.44. Over the last 5 years, ATRA has generated revenue in the amount of $0 with earnings coming in at -63.40%. On a quarter over quarter basis, earnings have seen movement of -39.60% and revenue has seen movement of 0.

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