Sesen Bio, Inc. (SESN) Stock: Here’s Why It’s Headed Down

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Sesen Bio, Inc. (SESN) is working its way for to the bottom in the market in today’s trading session. The company, focused in the biotechnology space, is currently trading at $1.20 after heading down -15.49% so far today. When it comes to biotechnology stocks, there are quite a few aspects that have the potential to cause price movement in the market. One of the most common is news. Here are the recent headlines relating to SESN:

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Oct-29-19 04:05PM Sesen Bio Strengthens Strategic and Financial Optionality
Sep-23-19 12:32PM Will Sesen Bio (NASDAQ:SESN) Spend Its Cash Wisely?
Aug-27-19 07:29AM The Daily Biotech Pulse: Nuvectra Explores Strategic Options, J&J To Contend Opioid Ruling, Sesen Bio Gets New CFO
Aug-26-19 04:05PM Sesen Bio Announces CFO Transition as Company Drives Towards Anticipated Initiation of BLA Submission in 4Q 2019
Aug-08-19 04:01PM Sesen Bio Reports Positive, Preliminary Data Update from Phase 3 VISTA Trial for High-Risk Non-Muscle Invasive Bladder Cancer

Nonetheless, any time investors are making an investing decision, prospective investors should look at much more than news, especially in the highly speculative biotech industry. Here’s what’s happening with Sesen Bio, Inc..

Performance Trends That We’ve Seen From SESN

While a move down on a single session, like the fall that we’re seeing from Sesen Bio, Inc. might cause 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 generally smart to look at trends experienced by the stock just a single trading day. When it comes to SESN, here are the trends that investors have experienced:

  • Past 5 Sessions – In the last seven days, SESN has generated a change in value amounting to 0.84%.
  • Monthly – The return on investment from Sesen Bio, Inc. in the past 30 days has been -0.83%.
  • Past Quarter – Throughout the last 3 months, the company has generated a return that works out to 3.45%
  • Past 6 Months – Throughout the past six months, investors have seen a performance of -2.44% from the stock.
  • YTD – Since the the last trading session of last year SESN has produced a ROI of -15.49%.
  • Annually – Lastly, in the last full year, investors have seen performance amounting to -17.24% out of SESN. Throughout this period of time, the stock has traded at a high of -53.85% and a low of 81.57%.

Ratios That Are Notable

Looking at various key ratios having to do with a company generally gives traders an understanding of how dangerous and/or potentially profitable a stock pick might be. Below are some of the important ratios to think about when looking at SESN.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it means that more investors believe that the stock is headed for declines. In general, biotech stocks tend to come with a higher short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, when it comes to Sesen Bio, Inc., it’s short ratio amounts to 3.67.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to cover its debts when they come due using current assets or quick assets. Because many biotech many companies rely on continued investor support, the quick and current ratios can seem bad. However, several good picks in the biotech industry come with positive current and quick ratios. As it relates to SESN, the quick and current ratios work out to 8.50 and 8.50 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets owned by the company. In this case, the book to share value ratio works out to 0.19.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of shares. Several clinical stage biotech companies struggle to keep cash on hand. So, if you’re considering an investment in a stock in the biotechnology space, this is an important ratio to think about. In this case, the cash to share value works out to 0.64.

How Analysts Feel About Sesen Bio, Inc.

While it’s rarely a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a smart idea to consider their analysis in order to validate your own thoughts before making an investment decision in the biotech sector. Here are the recent moves that we have seen from analysts when it comes to SESN.

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Jun-11-19 Upgrade H.C. Wainwright Neutral → Buy $3

Moves From Big Money Players

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 SESN, here’s what we’re seeing:

Institutions own 31.70% of the company. Institutional interest has moved by 0.02% over the past three months. When it comes to insiders, those who are close to the company currently own 6.56% percent of SESN shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

A Look At 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 101.29M shares of Sesen Bio, 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, SESN has a float of 96.95M.

I also find it important to take a look at the short float. After all, when a high portion of the float available for trading is shorted, the overall feeling among investors is that the company is headed for a dive. With regard to SESN, the short percentage of the float is currently 3.97%. In general, concerning short percent of the float would be any percentage over 40%. Nonetheless, I’ve calculated that any short percent of the float over 26% is generally a risky play.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.54. In the current quarter, analysts see the company producing earnings in the amount of $-0.12. Over the last 5 years, SESN has generated revenue in the amount of $0 with earnings coming in at 49.20%. On a quarter over quarter basis, earnings have seen movement of -323.90% and revenue has seen movement of 0.

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