Clovis Oncology, Inc. (CLVS) Stock: Is This Biotechnology Stock Worth Your Time?

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Clovis Oncology, Inc. (CLVS) is gaining in the market today. The company, one that is focused in the biotechnology sector, is currently priced at $3.59 after climbing 13.09% so far in today’s session. In terms of biotech stocks, there are a number of aspects that have the potential to cause movement in the market. One of the most common is news. Here are the recent trending headlines surrounding CLVS:

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Oct-31-19 10:34AM Analysts Estimate Clovis Oncology (CLVS) to Report a Decline in Earnings: What to Look Out for
Oct-22-19 08:30AM Clovis Oncology to Announce Third Quarter 2019 Financial Results and Host Webcast Conference Call on November 7
Oct-11-19 09:19AM Clovis Oncology Announces Rubraca® (rucaparib) Now Available for Women with Relapsed Ovarian Cancer in England Through the Cancer Drugs Fund
Oct-09-19 11:22AM Clovis (CLVS) Shares Drop on Goldman Sachs’ Bearish Outlook
Oct-08-19 11:08AM Goldman Recommends Selling Puma Biotech, Clovis Oncology; Cites Company-Specific, Competitive Risks

Nonetheless, any time investors are making an investing decision, prospective investors should look at much more than news, this is especially the case in the generally speculative biotech industry. Here’s what’s happening in regard to Clovis Oncology, Inc..

The Performance That We’ve Seen From CLVS

While a move up on a single session, like the move that we’re seeing from Clovis Oncology, Inc. may lead to excitement in some investors, a single session gain alone should not be the basis of a decision to, or not to, invest in a company. It is always smart to dig into trends experienced by the stock beyond a single trading session. When it comes to CLVS, here are the movements that we’ve seen:

  • Past 7 Days – Over the last five trading sessions, CLVS has produced a change in price in the amount of 19.50%.
  • Past 30 Days – The monthly performance from Clovis Oncology, Inc. comes to -7.00%.
  • Past Three Months – Over the last quarter, the company has generated a ROI that works out to -59.54%
  • Bi-Annually – Over the previous six months, we’ve seen a change that works out to -81.23% from the company.
  • Year To Date – Since the the first trading session of this year CLVS has produced a return of -80.04%.
  • Annually – Finally, in the past year, we’ve seen movement of -69.17% out of CLVS. In this period of time, the stock has traded at a high of -88.81% and a low of 22.35%.

Ratios That Are Notable

Looking at a few key ratios having to do with a stock can provide prospective traders a view of just how risky and/or rewarding a pick might be. Below are some of the most important ratios to think about when digging into CLVS.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that 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 sector. Nonetheless, in relation to Clovis Oncology, Inc., the stock’s short ratio is 5.13.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Essentially, they measure the company’s abilities to pay for its debts when they come due using quick assets or current assets. In the biotechnology sector, companies rely on the continuation of support from investors, the current and quick ratios can seem damning. Nonetheless, some good picks in the biotechnology sector do have good quick and current ratios. In terms of CLVS, the quick and current ratios total up to 3.30 and 3.60 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets owned by the company. In this particular case, the book to share value ratio works out to -0.57.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. Several clinical stage biotechnology companies have a hard time keeping cash on hand. So, if you’re interested in a biotechnology stock, this is a very important ratio to consider. In this case, the cash to share value comes to 5.78.

What Analysts Think About Clovis Oncology, Inc.

Although it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a good idea to use their thoughts to validate your own when it comes to making an investment decision in the biotech sector. Here are the most recent moves that we’ve seen from analysts with regard to CLVS.

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Sep-24-19 Downgrade SVB Leerink Outperform → Mkt Perform $22 → $10
Aug-13-19 Downgrade BofA/Merrill Buy → Neutral
Aug-02-19 Downgrade Guggenheim Buy → Neutral
May-29-19 Downgrade Goldman Neutral → Sell
Apr-15-19 Reiterated H.C. Wainwright Buy $39 → $37

Show Me The Big Money

One thing I have come to understand so far in my brief period alive, or somewhat alive has been that good investors tend to follow big money investors. In other words, investors that want to keep their investments relatively safe will keep their eyes on moves made by institutions and those on the inside. With that said, where is the big money in regard to CLVS? Here’s the data:

Institutions own 0 of the company. Institutional interest has moved by 5.21% over the past three months. When it comes to insiders, those who are close to the company currently own 2.50% percent of CLVS shares. Institutions have seen ownership changes of an accumulative 7.70% over the last three months.

Float Information

Traders and investors seem to have an interest in the total numbers of shares both outstanding and available. In terms of Clovis Oncology, Inc., there are currently 54.67M and there is a float of 52.93M. This means that out of the total of 54.67M shares of CLVS in existence today, 52.93M are available to trade hands on the market.

I also find it important to pay attention to the short percentage of the float. Think about it, when a high portion of the float is sold short, the overall feeling among investors is that the company is going to fall hard. When it comes to CLVS, the percentage of the float that is shorted currently sits at 40.63%. Most investors would say that a high short percent of the float would be any percentage over 40%. Nonetheless, I’ve seen that a short ratio over 26% is probably going to be a risky play.

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 $-5.89. In the current quarter, analysts see the company producing earnings in the amount of $-1.89. Over the last 5 years, CLVS has generated revenue in the amount of $0 with earnings coming in at -19.10%. On a quarter over quarter basis, earnings have seen movement of -17.20% and revenue has seen movement of 38.70%.

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