Odonate Therapeutics Inc. (NASDAQ:ODT) shares fell to a low of $3.44 before closing at $3.71. Intraday shares traded counted 0.75 million, which was 82.9% higher than its 30-day average trading volume of 4.36M. ODT’s previous close was $3.66 while the outstanding shares total 37.40M. The firm has a beta of 0.33. The stock’s Relative Strength Index (RSI) is 50.10, with weekly volatility at 7.59% and ATR at 0.24. The ODT stock’s 52-week price range has touched low of $2.80 and a $46.50 high. The stock traded higher over the last trading session, gaining 1.37% on 06/02/21.
Investors have identified the Biotechnology company Odonate Therapeutics Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $138.31 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Odonate Therapeutics Inc. (ODT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 136.1 million total, with 33.09 million as their total liabilities.
ODT were able to record -24.93 million as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by -24.11 million. In cash movements, the company had a total of -24.91 million as operating cash flow.
Having a look at the company’s valuation, the company is expected to record 0.00 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ODT sounds very interesting.
Is the stock of ODT attractive?
In related news, Director, Boxer Capital, LLC bought 100,000 shares of the company’s stock in a transaction that recorded on Dec 30. The purchase was performed at an average price of 17.46, for a total value of 1,746,380. As the purchase deal closes, the Director, Davis Aaron I. now bought 100,000 shares of the company’s stock, valued at 1,746,380. Also, Director, Johnson Craig A bought 3,000 shares of the company’s stock in a deal that was recorded on Dec 29. The shares were cost at an average price of 17.00 per share, with a total market value of 51,000. Following this completion of disposal, the Director, Davis Aaron I. now holds 225,000 shares of the company’s stock, valued at 3,849,548. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.70%.
0 out of 3 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Odonate Therapeutics Inc.. 1 analysts has assigned a Sell rating on the ODT stock. The 12-month mean consensus price target for the company’s shares has been set at $3.67.