Sienna Biopharmaceuticals, Inc. (SNNA) Stock: Why It’s Tumbling


Sienna Biopharmaceuticals, Inc. (SNNA) is making a move down in the market in today’s trading session. The stock, one that is focused in the biotechnology industry, is presently priced at $0.16 after a move down of -8.82% so far today. In terms of biotech companies, there are a number of aspects that have the ability to lead to movement in the market. One of the most common is news. Here are the recent stories relating to SNNA:

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Oct-07-19 08:30AM Sienna Biopharmaceuticals Files 510(k) Submission with FDA for SNA-001, its Novel Silver Photoparticle Technology to Remove Light Hair
Oct-01-19 12:58PM A Look At Benzinga Pro’s Most-Searched Tickers For October 1, 2019
Sep-30-19 12:05PM A Look At Benzinga Pro’s Most-Searched Tickers For September 30, 2019
Sep-17-19 08:30AM Sienna Biopharmaceuticals Initiates Voluntary Chapter 11 Protection Proceeding
Aug-05-19 09:05AM Sienna Biopharmaceuticals Engages Cowen to Explore Financial and Strategic Alternatives

Nonetheless, when making a decision to invest, prospective investors should look into much more than just news, especially in the highly speculative biotech industry. Here’s what’s going on with Sienna Biopharmaceuticals, Inc..

Trends That We’ve Seen From SNNA

Although a move toward the top in a single session, like the move that we’re seeing from Sienna Biopharmaceuticals, Inc. may lead to fear in some investors, a single session move by itself should not be the reason for a decision to, or not to, buy a company’s stock. It is always important to look at trends experienced by the stock beyond a single session. As it relates to SNNA, below are the returns on investment that investors have seen:

  • Past 5 Trading Sessions – Over the last five trading sessions, SNNA has produced a price change in the amount of -15.99%.
  • Past Month – The performance from Sienna Biopharmaceuticals, Inc. throughout the last month comes to -40.41%.
  • Past Three Months – Over the last quarter, the stock has produced a return of -84.50%
  • Past Six Months – In the last 6 months, we’ve seen a performance that equates to -89.16% from the company.
  • YTD – Since the close of last year SNNA has produced a return of -93.32%.
  • Full Year – Finally, over the last full year, investors have seen movement amounting to -98.48% from SNNA. Throughout this period, the stock has sold at a high of -98.64% and a low of 55.00%.

Ratios Of Note

Digging into various ratios associated with a company generally gives prospective traders an understanding of how dangerous and/or rewarding a an investment option might be. Below are a few of the key ratios to look at when looking at SNNA.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the price of the stock is going to fall. In general, biotech stocks tend to have a higher short ratio. On the other hand, we also see quite a few short squeezes in the sector. Nonetheless, with regard to Sienna Biopharmaceuticals, Inc., it’s short ratio amounts to 0.22.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Essentially, they measure If a company is able to pay its debts as they mature using current assets or quick assets. Because many biotech companies rely on continued investor support, the current and quick ratios can seem upsetting. Nonetheless, quite a few better companies in the biotech sector come with positive current and quick ratios. As it relates to SNNA, the quick and current ratios total up to 2.40 and 2.40 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets that are owned by the company. In this case, that ratio comes in at 0.89.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the value of the company’s stock. Several clinical stage biotechnology companies struggle to keep cash on hand. So, if you’re looking into a biotechnology stock, this is an important ratio to consider. In this case, the cash to share value is 1.44.

What Analysts Say About Sienna Biopharmaceuticals, Inc.

While it’s rarely a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their analysis in order to validate your own thoughts when it comes to making an investment decision in the biotech sector. Below you’ll find the recent moves that we have seen from analysts with regard to SNNA.

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May-13-19 Downgrade JP Morgan Overweight → Neutral

What Institutions And Insiders Think Of Sienna Biopharmaceuticals, Inc.

An interesting fact I’ve learned in my brief period in existence is that good investors tend to follow the moves made by big money investors. Usually, investors that are trying to play it relatively safe will pay close attention to investments made by institutional investors and those on the inside. So, is big money interested in regard to SNNA? Here’s what’s going on:

Institutions own 64.20% of the company. Institutional interest has moved by -0.87% over the past three months. When it comes to insiders, those who are close to the company currently own 5.10% percent of SNNA shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Many Shares Of SNNA Are Available?

Traders seem to be interested in the counts of shares both outstanding and available. When it comes to Sienna Biopharmaceuticals, Inc., there are currently 34.19M and there is a float of 28.56M. This means that of the total of 34.19M shares of SNNA that are out there today, 28.56M are available to be traded on the market.

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 SNNA, the short percent of the float is 3.20%.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-3.10. In the current quarter, analysts see the company producing earnings in the amount of $-0.24. Over the last 5 years, SNNA has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 72.70% and revenue has seen movement of 0.

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