LogicBio Therapeutics, Inc. (LOGC) Stock: Seeing Declines In Today’s Session

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LogicBio Therapeutics, Inc. (LOGC) is falling in the market in today’s trading session. The stock, one that is focused on the biotech industry, is presently priced at $9.37 after a move down of -5.07% so far today. When it comes to biotechnology stocks, there are a number of aspects that have the ability to generate price movement in the market. News is one of the most common reasons for movement. Here are the recent headlines surrounding 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, any time investors are making a decision to invest, investors should look into far more than just news, this is especially the case in the speculative biotech space. Here’s what’s happening in regard to LogicBio Therapeutics, Inc..

Performance Trends That We’ve Seen From LOGC

Although a decline in a single session, like the move that we’re seeing from LogicBio Therapeutics, Inc. may make some investors fearful, a single session decline alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It is always a good idea to look at trends experienced by the stock further out than a single trading day. In the case of LOGC, here are the returns that we have seen:

  • Past Seven Days – Over the past seven days, LOGC has generated a change in price that amounts to -6.39%.
  • Monthly – The monthly performance from LogicBio Therapeutics, Inc. has been -6.58%.
  • Past 3 Months – Over the past 3 months, the company has produced a return that works out to 6.48%
  • Bi-Annually – Throughout the previous six months, we have seen a change that amounts to -33.83% from the company.
  • Year To Date – Since the close of last year LOGC has generated a ROI of -9.90%.
  • Annually – Lastly, in the last year, we’ve seen movement amounting to -25.58% out of LOGC. Over this period, the stock has traded at a high price of -53.32% and a low price of 47.79%.

Crucial Ratios

Digging into various key ratios having to do with a company generally gives traders a view of how risky and/or potentially profitable a an investment option may be. Below are some of the important ratios to look at when digging into LOGC.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it shows that more investors believe that the stock is going to tumble. Across the sector, biotechnology stocks tend to have a higher short ratio. However, we also see quite a few short squeezes in the industry. Nonetheless, when it comes to LogicBio Therapeutics, Inc., it’s short ratio amounts to 11.60.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to cover its debts as they mature based on quick assets or current assets. In the biotech industry, companies rely on the continuation of investor support, the quick and current ratios can seem upsetting. Nonetheless, some good picks in the biotechnology industry come with great current and quick ratios. As it relates to LOGC, the quick and current ratios add up to 14.20 and 14.20 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. as it relates to LogicBio Therapeutics, Inc., that ratio comes in at 2.82.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of shares. Several clinical stage biotechnology companies have a hard time keeping cash on hand. So, if you’re considering an investment in a biotechnology stock, this is an important ratio to think about. In this case, the cash to share value works out to 2.67.

How Analysts Feel About LogicBio Therapeutics, Inc.

While it’s rarely a smart idea to unknowingly follow the opinions of analysts, it is a good idea to consider their thoughts when validating your own due diligence before making an investment decision in the biotech sector. Here are the most recent moves that we have seen from analysts when it comes to LOGC.

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May-01-19 Initiated ROTH Capital Buy $26

Investors Tend To Follow The Big Money

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:

  • Institutional Investors – At the moment, institutions own 72.00% of the company. Nonetheless, it is worth mentioning that institutional ownership has moved in the amount of 0.09% in the last 3 months.
  • Investors On The Inside – As far as insiders go, those close to the situation currently hold 0.30% of LogicBio Therapeutics, Inc.. Insider ownership of the company has changed in the amount of 0 throughout the last 3 months.

What’s Going On With Share Counts?

Traders and investors tend to be interested in the amounts of shares both available and outstanding. When it comes to LogicBio Therapeutics, Inc., there are currently 23.87M with a float of 15.75M. These data mean that of the total of 23.87M shares of LOGC that are out there today, 15.75M are available to trade hands on the public market.

I also find it important to look at the short percentage of the float. Think about it, when a high portion of the float available for trading is shorted, the overall feeling in the market is that the stock is headed for a dive. As far as LOGC, the short percentage of the float is currently 2.21%. Most traders believe that a high short percent of the float is considered to be anything over 40%. Nonetheless, I have found that any short percent of the float over 26% is usually a a play that could prove to be very risky.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-2.05. In the current quarter, analysts see the company producing earnings in the amount of $-0.46. Over the last 5 years, LOGC 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 -57.10% and revenue has seen movement of 0.

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