header logo image

Is a Correction Looming Ahead for Puma Biotechnology, Inc. (PBYI) – The News Heater

September 15th, 2020 11:14 am

Puma Biotechnology, Inc. (NASDAQ:PBYI) went up by 8.00% from its latest closing price compared to the recent 1-year high of $15.00. The companys stock price has collected 6.54% of gains in the last five trading sessions. Press Release reported on 09/08/20 that Puma Biotechnology to Present at the H.C. Wainwright 22(nd) Annual Global Investment Conference

Plus, the 36-month beta value for PBYI is at 1.17. Opinions of the stock are interesting as 1 analysts out of 11 who provided ratings for Puma Biotechnology, Inc. declared the stock was a buy, while 0 rated the stock as overweight, 6 rated it as hold, and 3 as sell.

The average price from analysts is $11.67, which is $1.41 above the current price. PBYI currently public float of 34.31M and currently shorts hold a 21.70% ratio of that float. Today, the average trading volume of PBYI was 894.18K shares.

PBYI stocks went up by 6.54% for the week, with a monthly jump of 3.53% and a quarterly performance of 7.43%, while its annual performance rate touched -9.20%. The volatility ratio for the week stands at 5.27% while the volatility levels for the past 30 days are set at 5.67% for Puma Biotechnology, Inc.. The simple moving average for the period of the last 20 days is 1.00% for PBYI stocks with a simple moving average of 3.19% for the last 200 days.

Many brokerage firms have already submitted their reports for PBYI stocks, with BofA/Merrill repeating the rating for PBYI by listing it as a Underperform. The predicted price for PBYI in the upcoming period, according to BofA/Merrill is $9 based on the research report published on June 25th of the current year 2020.

Goldman, on the other hand, stated in their research note that they expect to see PBYI reach a price target of $8, previously predicting the value of $24. The rating they have provided for PBYI stocks is Sell according to the report published on October 8th, 2019.

Citigroup gave a rating of Neutral to PBYI, setting the target price at $24 in the report published on May 10th of the previous year.

After a stumble in the market that brought PBYI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.60% of loss for the given period.

Volatility was left at 5.67%, however, over the last 30 days, the volatility rate increased by 5.27%, as shares surge +4.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.56% lower at present.

During the last 5 trading sessions, PBYI rose by +6.54%, which changed the moving average for the period of 200-days by +9.73% in comparison to the 20-day moving average, which settled at $10.18. In addition, Puma Biotechnology, Inc. saw 17.26% in overturn over a single year, with a tendency to cut further gains.

Reports are indicating that there were more than several insider trading activities at PBYI starting from BRYCE RICHARD PAUL, who sold 90 shares at the price of $9.77 back on Sep 02. After this action, BRYCE RICHARD PAUL now owns 76,907 shares of Puma Biotechnology, Inc., valued at $879 using the latest closing price.

AUERBACH ALAN H, the PRESIDENT AND CEO of Puma Biotechnology, Inc., sold 347 shares at $9.78 during a trade that took place back on Sep 02, which means that AUERBACH ALAN H is holding 4,303,569 shares at $3,393 based on the most recent closing price.

Current profitability levels for the company are sitting at:

The net margin for Puma Biotechnology, Inc. stands at -27.77. The total capital return value is set at -24.14, while invested capital returns managed to touch -47.06. Equity return is now at value -246.90, with -17.40 for asset returns.

Based on Puma Biotechnology, Inc. (PBYI), the companys capital structure generated 688.48 points at debt to equity in total, while total debt to capital is 87.32. Total debt to assets is 51.18, with long-term debt to equity ratio resting at -2.60. Finally, the long-term debt to capital ratio is 673.45.

When we switch over and look at the enterprise to sales, we see a ratio of 1.24, with the companys debt to enterprise value settled at 0.35. The receivables turnover for the company is 10.71 and the total asset turnover is 1.10. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.

Read more here:
Is a Correction Looming Ahead for Puma Biotechnology, Inc. (PBYI) - The News Heater

Related Post

Comments are closed.


2024 © StemCell Therapy is proudly powered by WordPress
Entries (RSS) Comments (RSS) | Violinesth by Patrick