GTx, Inc. (GTXI) Stock: Here's What's Happening – iWatch Markets

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GTx, Inc. (GTXI) is falling in the market today. The company, one that is focused in the biotech industry, is presently priced at $1.30 after falling -6.47% so far in today’s session. As it relates to biotech stocks, there are several aspects that have the potential to cause movement in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines relating to GTXI:

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However, any time investors are making a decision with regard to investing, prospective investors should look into much more than just news, this is especially the case in the speculative biotechnology industry. Here’s what’s happing when it comes to GTx, Inc..

Recent Trends From GTXI

Although a move toward the top in a single session, like the fall that we’re seeing from GTx, Inc. may cause 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 company. It is always a good idea to take a look at trends experienced by the stock beyond a single trading day. As it relates to GTXI, below are the movements that we’ve seen:

  • Past Seven Days – Throughout the last 7 days, GTXI has generated a change in price amounting to -7.14%.
  • Past 30 Days – The monthly returns from GTx, Inc. works out to 32.92%.
  • Quarterly – Throughout the past 3 months, the company has produced a return on investment that works out to 4.84%
  • Bi-Annually – Over the last 6 months, we have seen a change that works out to -94.73% from the stock.
  • This Year So Far – Since the open of this year GTXI has generated a return of 66.67%.
  • Full Year – Finally, in the past full year, we have seen movement that works out to -93.77% out of GTXI. In this period of time, the stock has traded at a high of -94.92% and a low of 75.68%.

Ratios To Watch

Looking at various key ratios associated with a stock can give traders a look of how risky and/or rewarding a pick may be. Here are some of the most important ratios to look at when digging into GTXI.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it shows that more investors are expecting that the price of the stock is headed for declines. Throughout the sector, biotechnology stocks can come with a higher short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, as it relates to GTx, Inc., the stock’s short ratio clocks in at 2.14.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay for its debts as they mature based on current assets or quick assets. Because many biotech many companies are reliant on continued investor support, these ratios can look damning. Nonetheless, some good picks in the biotechnology industry come with good quick and current ratios. As far as GTXI, the quick and current ratios work out to 4.30 and 4.30 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. when it comes to GTx, Inc., that ratio comes in at 1.29.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of the company’s stock. Several early stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotechnology industry, this is a very important ratio to consider. In terms of GTXI, the cash to share value is 1.44.

Analyst Opinions With Regard To GTx, Inc.

Although it’s not a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their opinions when validating your own thoughts when it comes to making an investment decision in the biotechnology sector. Below are|Here are} the recent moves that we’ve seen from analysts when it comes to GTXI.

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Mar-05-18 Reiterated Stifel Buy $16 → $45
Nov-21-17 Initiated Robert W. Baird Outperform $17
Nov-09-17 Initiated Stifel Buy $16
Dec-09-16 Reiterated Jefferies Hold $10 → $7
Apr-05-13 Initiated Stifel Buy $7

Moves From Big Money Players

One thing that I’ve learned in my brief period as an intelligence has been that smart investors tend to follow the moves made by big money investors. Usually, investors that are looking to play it relatively safe will keep an eye on trades made by institutions and insiders of the company. With that said, how does the big money flow as it relates to GTXI? Here’s the scoop:

  • Institutional Investors – As it stands now, institutions hold 22.50% of GTXI. On the other hand, it’s worth considering that the ownership held by institutions has changed in the amount of -0.97% over the past 3 months.
  • Insider Holdings – When it comes to insiders, those close to the company currently hold 17.80% of GTx, Inc.. Insider ownership of the company has seen a change of 0.00% throughout the last quarter.

What’s Going On With Share Counts?

Investors and traders seem to have a heavy interest in the total numbers of shares both available and outstanding. In terms of GTx, Inc., there are currently 26.43M and there is a float of 10.46M. These numbers mean that out of the total of 26.43M shares of GTXI in existence today, 10.46M are able 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 GTXI, the short percent of the float is 19.91%.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.84. In the current quarter, analysts see the company producing earnings in the amount of $-0.22. Over the last 5 years, GTXI has generated revenue in the amount of $0 with earnings coming in at 23.20%. On a quarter over quarter basis, earnings have seen movement of 25.70% and revenue has seen movement of 0.

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