Zymeworks Inc. (ZYME) Stock: A Good Pick In The Biotech Space? – iWatch Markets

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Zymeworks Inc. (ZYME) is headed down in the market today. The company, focused in the biotechnology space, is currently priced at $15.75 after tumbling -5.91% so far in today’s session. When it comes to biotech companies, 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 centered around ZYME:

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Nonetheless, any time investors are making an investing decision, investors should look at much more than just news, this is especially the case in the generally speculative biotech industry. Here’s what’s happening in regard to Zymeworks Inc..

What We’ve Seen From ZYME

Although a decline in a single session, like the move that we’re seeing from Zymeworks Inc. might cause fear in some investors, that alone should not be the basis of a decision to, or not to, buy a company’s stock. It’s always smart to look into trends experienced by the stock beyond a single session. As it relates to ZYME, here are the movements that investors have seen:

  • Past 5 Trading Sessions – Throughout the past 5 trading sessions, ZYME has seen a change in price that amounts to -0.38%.
  • Past 30 Days – The return on investment from Zymeworks Inc. over the past month comes to 1.94%.
  • Quarterly – Over the last quarter, the stock has produced a return on investment that works out to 8.92%
  • Bi-Annually – In the last 6 months, investors have seen a change that works out to 3.35% from the company.
  • This Year So Far – Since the the last trading session of last year ZYME has generated a ROI of 7.29%.
  • Annually – Finally, over the past full year, investors have seen performance that works out to 47.61% from ZYME. In this period of time, the stock has traded at a high of -45.69% and a low of 51.88%.

Ratios To Pay Attention To

Digging into various key ratios having to do with a company can give traders an understanding of how dangerous and/or potentially profitable a pick might be. Here are a few of the key ratios to consider when digging into ZYME.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the stock is headed for declines. In general, biotech stocks can come with a higher short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, when it comes to Zymeworks Inc., the stock’s short ratio is 5.05.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure the company’s abilities to pay its debts when they mature with only current assets or quick assets. Because many biotech many companies rely on the continuation of investor support, these ratios can be upsetting. Nonetheless, several good picks in the biotechnology space come with great quick and current ratios. When it comes to ZYME, the quick and current ratios come to 6.80 and 6.80 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price of the stock. as it relates to Zymeworks Inc., the book to share value ratio comes in at 5.64.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of the company’s stock. Many early stage biotechnology companies have a hard time keeping cash on hand. So, if you’re interested in a biotechnology stock, this is an important ratio to consider. In terms of ZYME, the cash to share value ratio works out to 6.28.

Analyst Opinions With Regard To Zymeworks Inc.

While it’s not a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their opinions to validate your own opinions when it comes to making an investment decision in the biotechnology industry. Below you’ll find|Here are} the recent moves that we have seen from analysts with regard to ZYME.

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May-11-18 Upgrade Barclays Underweight → Equal Weight $8 → $15
Mar-19-18 Initiated Raymond James Outperform

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 ZYME, here’s what we’re seeing:

  • Institutional Investors – At the moment, institutions own 40.30% of ZYME. However, it is important to consider that institutional ownership has seen a move of 6.86% throughout the past quarter.
  • Investors On The Inside – with regard to insiders, insiders of the company currently hold 10.30% of the company. Insider ownership of the company has seen a move of 0 over the past 3 months.

Float Information

Investors seem to like to know the total numbers of shares both outstanding and available. In regard to Zymeworks Inc., there are currently 31.89M with a float of 22.95M. This means that of the total of 31.89M shares of ZYME that are out there today, 22.95M 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 ZYME, the short percent of the float is 3.04%.

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-2.18. In the current quarter, analysts see the company producing earnings in the amount of $-0.62. Over the last 5 years, ZYME 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 -77.50% and revenue has seen movement of -42.30%.

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