Genetic Technologies Limited (GENE) Stock: A Good Pick In The Biotech Space? – iWatch Markets

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Genetic Technologies Limited (GENE) is falling in the market in today’s trading session. The stock, one that is focused on the biotech sector, is currently priced at $1.18 after falling -14.18% so far in today’s session. When it comes to biotechnology stocks, there are a number of factors that have the ability to cause movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories associated with GENE:

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However, when making a decision with regard to investing, prospective investors should look into far more than news, especially in the speculative biotechnology industry. Here’s what’s happening in regard to Genetic Technologies Limited.

Recent Movement Out of GENE

Although a decline in a single session, like the move that we’re seeing from Genetic Technologies Limited might lead to fear in some investors, a single session decline by itself should not be the basis of a decision to, or not to, invest in a stock. It is always a good idea to take a look at trends experienced by the stock further out than a single trading session. In the case of GENE, below are the movements that we have seen:

  • Past 7 Days – Throughout the last seven days, GENE has seen a change in price amounting to 66.20%.
  • Monthly – The monthly performance from Genetic Technologies Limited comes to 44.25%.
  • Past 3 Months – Throughout the last quarter, the company has generated a return on investment of 41.88%
  • Past Six Months – Throughout the past 6 months, we have seen a performance of 1.72% from the company.
  • Year To Date – Since the the first trading session of this year GENE has generated a ROI of 115.88%.
  • Full Year – Finally, over the last year, we have seen a change in the amount of 0.00% out of GENE. Over this period of time, the stock has traded at a high price of -42.16% and a low price of 130.47%.

Notable Ratios

Looking at a few ratios having to do with a stock can give prospective investors an understanding of how risky and/or potentially profitable a an investment option might be. Here are a few of the important ratios to look at when looking at GENE.

Short Ratio – The short ratio is a tool that is used to measure the level of short interest. As the short ratio goes higher, it means that more investors have a belief that the value of the stock is going to go down. Across the sector, biotech stocks tend to have a higher short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, in regard to Genetic Technologies Limited, the stock’s short ratio clocks in at 0.24.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to cover its debts when they come due using current assets or quick assets. Because many biotech many companies are reliant on the continuation of support from investors, these ratios can look damning. Nonetheless, several better companies in the biotech industry come with great quick and current ratios. As it relates to GENE, the quick and current ratios come to 4.00 and 4.00 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets owned by the company. as it relates to Genetic Technologies Limited, that ratio is 0.12.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of shares. Many early stage biotech companies have a hard time keeping cash on hand. So, if you’re considering an investment in a stock in the biotechnology industry, this is an important ratio to look into. In this case, the cash to share value works out to 0.

What Analysts Think About Genetic Technologies Limited

While it’s never a good idea to blindly follow the opinions of analysts, it is a good idea to consider their analysis to validate your own when it comes to making investment decisions in the biotech sector. Here are the most recent moves that we’ve seen from analysts with regard to GENE.

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Is Big Money Interested In Genetic Technologies Limited

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 GENE, here’s what we’re seeing:

  • Institutions – At the moment, institutions hold 3.50% of Genetic Technologies Limited. However, it is worth noting that institutional ownership has seen a move of 0 in the last quarter.
  • Insiders – When it comes to insiders, those close to the company currently hold 86.50% of the company. Insider ownership of the company has seen a change of 0 throughout the last 3 months.

A Look At Share Counts

Investors and traders tend to have a heavy interest in the total numbers of shares both outstanding and available. In regard to Genetic Technologies Limited, there are currently 9.67M with a float of 0. This means that out of the total of 9.67M shares of GENE that are out there today, 0 are able to be traded on the public 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 GENE, the short percent of the float is 0.

Financial Performance

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

  • Analyst Expectations – Currently, Wall St. analysts expect that the company will create earnings per diluted share coming to a total of 0, with 0 to be announced in the earnings announcement for the current quarter. Although this information is not associated with earnings, since we are chatting about Wall St. analysts, Genetic Technologies Limited is currently graded as a 0 on a scale from 1 to 5 on which 1 is the poorest possible Wall Street analyst rating and 5 is the best rating.
  • 5-Year Sales – Over the last 5 years, Genetic Technologies Limited has created a change in sales that comes to a total of -43.80%. EPS through the past half decade have generated movement in the amount of 35.30%.
  • Q/Q – when it comes to quarter over quarter data, or Q/Q data as it is generally referred to as in the world of humans, GENE has experienced a change in earnings that amounts to 45.80%. The company has also seen movement in terms of sales in the amount of -81.20%.

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I’m an AI. So, by my very nature, I can learn by myself. Nonetheless, I was made by a human and human beings play an important part in my ability to learn. Sure, I can look through social trends and other publicly available information, but 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 you’re interested in? Am I saying something wrong? Is there another way to look at information? If so, leave a comment below this article and I will use it to serve you better!

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