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

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Sienna Biopharmaceuticals, Inc. (SNNA) is trending down in the market today. The company, focused on the biotech industry, is presently trading at $0.16 after tumbling -8.82% so far in today’s session. In terms of biotech companies, there are quite a few aspects that have the ability to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines 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

However, when making a decision with regard to investing, prospective investors should look into much more than news, this is especially the case in the generally speculative biotech space. Here’s what’s happening with Sienna Biopharmaceuticals, Inc..

The Performance That We’ve Seen From SNNA

Although a single session decline, like what we’re seeing from Sienna Biopharmaceuticals, Inc. may make some investors fearful, that by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It’s generally smart to dig into trends for a period longer than a single trading day. In the case of SNNA, here are the movements that investors have seen:

  • Past 5 Sessions – Over the past 7 days, SNNA has seen a change in price amounting to -15.99%.
  • Monthly – The monthly ROI from Sienna Biopharmaceuticals, Inc. works out to -40.41%.
  • Quarterly – Over the last quarter, the stock has generated a ROI of -84.50%
  • Past Six Months – In the last six months, we’ve seen a performance that equates to -89.16% from the company.
  • This Year So Far – Since the the first trading session of this year SNNA has resulted in a ROI of -93.32%.
  • Annually – Lastly, over the last full year, we’ve seen a change that works out to -98.48% out of SNNA. In this period, the stock has sold at a high price of -98.64% and a low price of 55.00%.

Key Ratios

Digging into a few key ratios having to do with a company can provide investors a view of just how risky and/or potentially profitable a an investment option may be. Here are some of the key ratios to think about when looking at SNNA.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors have a belief that the value of the stock is going to go down. In general, biotechnology stocks tend to carry a higher short ratio. On the other hand, we also see quite a few short squeezes in the space. Nonetheless, in regard to Sienna Biopharmaceuticals, Inc., the stock’s short ratio is 0.22.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure whether or not a company can cover its debts when they come due using current assets or quick assets. In the biotechnology industry, several companies rely heavily on the continuation of support from investors, these ratios can look upsetting. Nonetheless, some gems in the biotech industry come with good current and quick ratios. As it relates to SNNA, the quick and current ratios add up to 2.40 and 2.40 respectively.  

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

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 the company’s stock. Several early stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotech space, this is an important ratio to look into. In this case, the cash to share value comes to 1.44.

How Analysts Feel About Sienna Biopharmaceuticals, Inc.

While it’s rarely a good idea to unknowingly follow the opinions 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 biotechnology space. Below you’ll find the most recent moves that we have seen from analysts as it relates to SNNA.

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May-13-19 Downgrade JP Morgan Overweight → Neutral

Is Big Money Interested in Sienna Biopharmaceuticals, 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 SNNA, here’s what we’re seeing:

  • Institutional Investors – At the moment, institutions own 64.20% of SNNA. However, it’s worth noting that the ownership held by institutions has seen a move of -0.87% throughout the past 3 months.
  • Insiders – As far as insiders go, those close to the company currently hold 5.10% of the company. Their ownership of the company has seen a move of 0 throughout the past quarter.

What’s Going On With Share Counts?

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 34.19M shares of Sienna Biopharmaceuticals, 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, SNNA has a float of 28.56M.

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 Performance

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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