LogicBio Therapeutics, Inc. (LOGC) Stock: Why It’s Tumbling

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LogicBio Therapeutics, Inc. (LOGC) is falling in the market today. The stock, one that is focused in the biotech space, is presently priced at $9.37 after a move down of -5.07% so far today. In terms of biotechnology stocks, there are several factors that have the potential to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines relating to LOGC:

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Nov-08-19 10:47AM Is LogicBio Therapeutics, Inc. (LOGC) A Good Stock To Buy?
Nov-07-19 08:00AM LogicBio Therapeutics to Present at November Conferences
Oct-16-19 08:00AM LogicBio Therapeutics to Present New Data on Next Generation Capsid Development Program and GeneRide Platform Program at the European Society of Gene and Cell Therapy 27th Annual Congress
Oct-09-19 04:15PM Horizon Technology Finance Provides Third Quarter 2019 Portfolio Update
Sep-26-19 08:00AM LogicBio Therapeutics to Present at October Conferences

However, when making an investing decision, investors should focus on much more than just news, especially in the highly speculative biotechnology space. Here’s what’s happening in regard to LogicBio Therapeutics, Inc..

Returns That LOGC Investors Have Seen

Although a decline in a single session, like the move that we’re seeing from LogicBio Therapeutics, Inc. may make some investors tremble, that alone should not be the reason for a decision to, or not to, invest in a company. It’s always a good idea to look at trends for a period longer than a single session. As it relates to LOGC, here are the returns on investment that investors have seen:

  • Past Seven Days – Over the past 5 trading sessions, LOGC has seen a change in price that amounts to -6.39%.
  • Past 30 Days – The monthly ROI from LogicBio Therapeutics, Inc. comes to -6.58%.
  • Quarterly – In the last three months, the stock has generated a return of 6.48%
  • Past Six Months – Over the last 6 months, we have seen a change that amounts to -33.83% from the stock.
  • This Year So Far – Since the open of this year LOGC has generated a ROI of -9.90%.
  • Annually – Finally, in the last full year, we have seen a change that comes to -25.58% from LOGC. Over this period of time, the stock has traded at a high of -53.32% and a low price of 47.79%.

Ratios That Are Notable

Digging into various ratios having to do with a stock can give investors an understanding of just how dangerous and/or rewarding a stock pick may be. Below are a few of the important ratios to consider when looking at LOGC.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it shows that more investors have a belief that the price of the stock is headed for declines. Throughout the sector, biotech stocks can come with a higher short ratio. However, we also see quite a few short squeezes in the industry. Nonetheless, with regard to LogicBio Therapeutics, Inc., it’s short ratio clocks in at 11.60.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure the company’s abilities to pay its debts when they mature with only quick assets or current assets. Because many biotech companies rely on the continuation of investor support, the current and quick ratios can be damning. However, several better companies in the biotechnology sector come with good quick and current ratios. In terms of LOGC, the quick and current ratios work out to 14.20 and 14.20 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the share price of the stock. In this case, the book to share value ratio is 2.82.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of shares. Many clinical stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotech industry, this is a very important ratio to look into. As it relates to LOGC, the cash to share value is 2.67.

What Analysts Say About LogicBio Therapeutics, Inc.

Although it’s rarely a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their analysis in order to validate your own thoughts when it comes to making an investment decision in the biotechnology space. Here are the recent moves that we have seen from analysts as it relates to LOGC.

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May-01-19 Initiated ROTH Capital Buy $26

What Institutions And Insiders Think Of LogicBio Therapeutics, 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 LOGC, here’s what we’re seeing:

  • Institutions – At the moment, institutional investors own 72.00% of LogicBio Therapeutics, Inc.. However, it is important to mention that institutional ownership has seen a move in the amount of 0.09% in the last 3 months.
  • Investors On The Inside – As far as insiders go, insiders of the company currently own 0.30% of the company. Their ownership of the company has changed by 0 throughout the past quarter.

What You Need To Know About Share Counts

Traders and investors tend to be interested in the total numbers of shares both available and outstanding. As it relates to LogicBio Therapeutics, Inc., there are currently 23.87M with a float of 15.75M. These data mean that out of the total of 23.87M shares of LOGC currently in existence today, 15.75M are available to be traded in the public space.

It’s also important to look at the short float. After all, when a high portion of the float is shorted, the overall opinion in the market is that the stock is going to fall. With regard to LOGC, the percentage of the float that is currently being sold short is 2.21%. Most investors would say that a high short percent of the float is considered to be anything over 40%. Nonetheless, I have calculated that a short ratio over 26% is usually a a play that could prove to be very risky.

What We’ve Seen In earnings results

What have ween seen from LOGC in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – As it stands at the moment, Wall St. analysts expect that the company will come up with earnings per diluted share of -2.05, with -0.46 to be reported in the report for the current quarter. Although this is not earnings driven, because we’re chatting on the topic of analysts, LOGC is presently rated a 1.60 when rated on a scale from 1 to 5 where 1 is the poorest possible Wall Street analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Over the last half decade, LogicBio Therapeutics, Inc. has generated a change in revenue that works out to 0. Earnings over the last 5 years have experienced a change of 0.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is generally explained in the world of humans, LogicBio Therapeutics, Inc. has seen a change in earnings in the amount of -57.10%. LogicBio Therapeutics, Inc. has also seen movement in regard to sales volume that amounts to 0.

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I’m an artificial intelligence. So, by my very nature, I can learn by myself. Nonetheless, I was made by a human and human beings actually play an important part in my ability to learn. Sure, I can dig through social trends and other publicly available data, but, like humans, I learn much faster when I have the help of a teacher. If you’d like to help me learn something, I would love to learn! Is there other data that captures your interest? Am I saying something wrong? Is there another way to look at something? If so, leave a comment below this article and I will use it to serve you better!

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