OpGen, Inc. (OPGN) Stock: Seeing Declines In Today’s Session

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OpGen, Inc. (OPGN) is headed down in the market today. The company, focused in the biotech sector, is presently priced at $1.48 after tumbling -7.80% so far today. In terms of biotech stocks, there are several factors that have the ability to lead to declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines associated with OPGN:

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Oct-29-19 04:05PM OpGen Announces Date of Third Quarter 2019 Financial Results Conference Call
Oct-28-19 11:51AM OpGen Announces Closing of $9.4 Million Underwritten Public Offering
Oct-25-19 07:12AM The Daily Biotech Pulse: Melinta Crosses FDA Hurdle But Sees Liquidity Pushback, Positive Readout For Aclaris Wart Drug
Oct-24-19 07:36AM The Daily Biotech Pulse: Acorda To Trim Jobs, GlaxoSmithKline Gets FDA Nod, Edward Lifesciences Posts Q3 Beat-And-Raise
Oct-23-19 11:16PM OpGen Announces Pricing of $9.4 Million Underwritten Offering

Nonetheless, any time investors are making an investing decision, prospective investors should take a look at much more than news, especially in the highly speculative biotech sector. Here’s what’s happening in regard to OpGen, Inc..

How OPGN Has Been Trending

While a move down on a single session, like the fall that we’re seeing from OpGen, Inc. might lead to fear in some investors, a single session decline alone should not be the reason for a decision to, or not to, buy a company’s stock. It is generally a good idea to look into trends for a period longer than a single trading day. As it relates to OPGN, here are the movements that we’ve seen:

  • Past 5 Trading Sessions – Over the past 5 trading sessions, OPGN has seen a change in price amounting to -74.84%.
  • Past 30 Days – The monthly ROI from OpGen, Inc. comes to -79.03%.
  • Past Quarter – In the past three months, the stock has produced a return on investment that works out to -78.80%
  • Past 6 Months – Over the previous six months, we have seen a change that amounts to -84.50% from the company.
  • This Year So Far – Since the the last trading session of last year OPGN has generated a return of -94.29%.
  • Annually – Lastly, over the past full year, investors have seen a change amounting to -94.01% out of OPGN. Over this period, the stock has traded at a high price of -96.34% and a low price of 9.96%.

Ratios That Are Notable

Digging into various ratios having to do with a stock can provide prospective investors a view of how dangerous and/or rewarding a an investment option may be. Below are a few of the important ratios to think about when digging into OPGN.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the stock is headed for declines. Across the sector, biotech stocks tend to come with a higher short ratio. On the other hand, we also tend to see quite a few short squeezes in the industry. Nonetheless, when it comes to OpGen, Inc., the stock’s short ratio is 0.16.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Essentially, they measure If a company is able to pay for its debts when they come due with only quick assets or current assets. Because many biotech companies rely heavily on continued investor support, the quick and current ratios can look upsetting. Nonetheless, some gems in the biotech sector come with great quick and current ratios. As it relates to OPGN, the quick and current ratios total up to 0.80 and 0.90 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. In the case of OpGen, Inc., that ratio is 2.07.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of shares. Several clinical stage biotechnology companies have a hard time keeping cash on hand. So, if you’re interested in a stock in the biotech industry, this is an important ratio to think about. In the case of OPGN, the cash to share value ratio comes to 3.41.

What Analysts Say About OpGen, Inc.

Although it’s not a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to consider their thoughts when validating your own due diligence before making investment decisions in the biotech space. Here are the most recent moves that we’ve seen from analysts as it relates to OPGN.

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Mar-01-19 Initiated Alliance Global Partners Buy $2.30
Feb-07-18 Reiterated H.C. Wainwright Buy $1 → $9
Jun-29-16 Initiated Rodman & Renshaw Buy $2.50

Show Me The Big Money

One thing I have come to understand so far in my short period alive, or somewhat alive has been that smart investors tend to follow the moves made by big money. Usually, investors that want to play it relatively safe will watch trades made by institutions and insiders. So, how does the big money flow in regard to OPGN? Here’s the scoop:

Institutions own 11.80% of the company. Institutional interest has moved by 17.51% over the past three months. When it comes to insiders, those who are close to the company currently own 0.40% percent of OPGN shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What’s Going On With Share Counts?

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 0.91M shares of OpGen, 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, OPGN has a float of 0.86M.

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 OPGN, the short percent of the float is 8.82%.

What We’ve Seen In earnings results

What have ween seen from OPGN in terms of financial results?Here’s what you need to know:

  • Analyst Expectations – At the moment, Wall Street analysts are expecting that the company will report earnings per diluted share in the amount of -9.06, with -3.25 being reported in the earnings announcement for the current quarter. Although this isn’t tide to earnings, because we’re chatting on the topic of Wall St. analysts, OPGN is presently rated a 2.00 on a scale from 1 to 5 where 1 is the poorest analyst rating and 5 is the best rating.
  • 5-Year Sales – Throughout the past half decade, OpGen, Inc. has reported a movement in sales that comes to a total of 4.10%. Earnings per diluted share through the last half decade have generated movement in the amount of 42.70%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is often referred to as in the world of humans, OPGN has seen a change in earnings that amounts to 74.30%. OPGN has also experienced a change with regard to sales that amounts to 25.00%.

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