Exelixis, Inc. (EXEL) Stock: Is This Biotechnology Stock Worth Your Time?

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Exelixis, Inc. (EXEL) is falling in the market in today’s trading session. The company, one that is focused on the biotech sector, is currently trading at $15.45 after a move down of -11.10% so far today. In terms of biotech companies, there are several aspects that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines relating to EXEL:

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Oct-31-19 11:45AM Exelixis (EXEL) Q3 Earnings Beat on Strong Cabometyx Sales
Oct-30-19 06:45PM Exelixis (EXEL) Q3 Earnings and Revenues Beat Estimates
04:05PM Exelixis Announces Third Quarter 2019 Financial Results and Provides Corporate Update
08:00AM Is There An Opportunity With Exelixis, Inc.’s (NASDAQ:EXEL) 31% Undervaluation?
Oct-29-19 10:40AM Exelixis (EXEL) to Report Q3 Earnings: What’s in the Cards?

However, any time investors are making a decision to invest, investors should take a look at much more than just news, especially in the speculative biotechnology space. Here’s what’s going on with Exelixis, Inc..

Recent Movement Out of EXEL

Although a move down on a single session, like what we’re seeing from Exelixis, Inc. may lead to fear in some investors, a single session move alone should not be the reason for a decision to, or not to, invest in a stock. It is always a good idea to dig into trends experienced by the stock further out than a single session. In the case of EXEL, here are the movements that we have seen:

  • Past Seven Days – In the past week, EXEL has seen a change in value in the amount of -8.36%.
  • Past Month – The monthly performance from Exelixis, Inc. comes to -13.83%.
  • Past Quarter – Throughout the last three months, the company has generated a return that works out to -21.93%
  • Bi-Annually – Throughout the past 6 months, we’ve seen a performance that amounts to -25.65% from the company.
  • YTD – Since the the first trading session of this year EXEL has resulted in a return on investment of -21.45%.
  • Full Year – Lastly, over the last year, we’ve seen a change that comes to 9.34% from EXEL. Throughout this period, the stock has traded at a high of -38.96% and a low price of 11.47%.

Key Ratios

Looking at various ratios associated with a company can provide investors an understanding of how dangerous and/or potentially profitable a an investment option may be. Below are some of the important ratios to consider when looking at EXEL.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it means that more investors have a belief that the price of the stock is headed for declines. Throughout the sector, biotech stocks can carry a higher short ratio. However, we also see quite a few short squeezes in the industry. Nonetheless, as it relates to Exelixis, Inc., it’s short ratio comes to 6.09.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure If a company is able to pay for its debts as they mature with only current assets or quick assets. In the biotechnology sector, many companies rely heavily on the continuation of support from investors, the current and quick ratios can seem damning. However, some better companies in the biotechnology space do have positive quick and current ratios. As far as EXEL, the quick and current ratios add up to 8.50 and 8.60 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the share price of the stock. In this case, that ratio is 4.93.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the value of shares. Many clinical stage biotech companies struggle to keep cash on hand. So, when investing in the biotechnology sector, this is an important ratio to look into. In this case, the cash to share value is 2.71.

What Analysts Think About Exelixis, Inc.

While it’s not a good idea to unknowingly follow the opinions of analysts, it is a good idea to consider their thoughts when validating your own thoughts before making an investment decision in the biotechnology space. Below you’ll find the recent moves that we have seen from analysts as it relates to EXEL.

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Mar-18-19 Upgrade Morgan Stanley Underweight → Equal-Weight
Sep-17-18 Initiated Goldman Neutral $22
Sep-10-18 Initiated Morgan Stanley Underweight $19
May-11-18 Reiterated Needham Buy $33 → $30
Oct-17-17 Reiterated RBC Capital Mkts Outperform $33 → $39

Investors Tend To Follow The Big Money

One thing I’ve learned so far in my brief period on Earth has been that good investors tend to follow big money players. Usually, investors that are looking to keep the risk down will pay close attention to investments made by institutions and those on the inside. So, how does the big money flow as it relates to EXEL? Here’s the data:

Institutions own 80.00% of the company. Institutional interest has moved by -0.03% over the past three months. When it comes to insiders, those who are close to the company currently own 1.30% percent of EXEL shares. Institutions have seen ownership changes of an accumulative -18.88% over the last three months.

Float Information

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 302.90M shares of Exelixis, 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, EXEL has a float of 292.80M.

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 EXEL, the short percent of the float is 5.64%.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $1.12. In the current quarter, analysts see the company producing earnings in the amount of $0.19. Over the last 5 years, EXEL has generated revenue in the amount of $93.70% with earnings coming in at 29.60%. On a quarter over quarter basis, earnings have seen movement of -10.40% and revenue has seen movement of 29.10%.

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