Piper Sandler lifts Leap Therapeutics Inc. [LPTX] price estimate. Who else is bullish?

Leap Therapeutics Inc. [NASDAQ: LPTX] stock went on an upward path that rose over 10.62% on Tuesday, amounting to a one-week price increase of more than 7.27%. The company report on November 23, 2020 that Leap Therapeutics to Participate at Piper Sandler 32nd Annual Virtual Healthcare Conference.

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Leap Therapeutics, Inc. (Nasdaq:LPTX), a biotechnology company focused on developing targeted and immuno-oncology therapeutics, announced that Douglas E. Onsi, President and Chief Executive Officer, will participate in a fireside chat at the Piper Sandler 32nd Annual Virtual Healthcare Conference, being held on December 1-3, 2020.

A pre-recording of the fireside chat is currently available on the Investors page of the company’s website at https://investors.leaptx.com/. A replay of the event will be available for 90 days.

Over the last 12 months, LPTX stock rose by 121.77%. The average equity rating for LPTX stock is currently 1.60, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $102.36 million, with 76.32 million shares outstanding and 44.00 million shares in the current float. Compared to the average trading volume of 605.65K shares, LPTX stock reached a trading volume of 1480355 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Leap Therapeutics Inc. [LPTX]:

Piper Sandler have made an estimate for Leap Therapeutics Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 29, 2020. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Outperform. The new note on the price target was released on February 11, 2020, representing the official price target for Leap Therapeutics Inc. stock.

The Average True Range (ATR) for Leap Therapeutics Inc. is set at 0.13, with the Price to Sales ratio for LPTX stock in the period of the last 12 months amounting to 93.05. The Price to Book ratio for the last quarter was 2.53, with the Price to Cash per share for the same quarter was set at 1.00.

LPTX Stock Performance Analysis:

Leap Therapeutics Inc. [LPTX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.27. With this latest performance, LPTX shares dropped by -19.55% in over the last four-week period, additionally sinking by -27.76% over the last 6 months – not to mention a rise of 121.77% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LPTX stock in for the last two-week period is set at 55.26, with the RSI for the last a single of trading hit 63.71, and the three-weeks RSI is set at 51.64 for Leap Therapeutics Inc. [LPTX]. The present Moving Average for the last 50 days of trading for this stock 1.8517, while it was recorded at 1.6540 for the last single week of trading, and 1.9771 for the last 200 days.

Insight into Leap Therapeutics Inc. Fundamentals:

Return on Total Capital for LPTX is now -791.55, given the latest momentum, and Return on Invested Capital for the company is -824.77. Return on Equity for this stock declined to -886.08, with Return on Assets sitting at -248.10.

Reflecting on the efficiency of the workforce at the company, Leap Therapeutics Inc. [LPTX] managed to generate an average of -$1,265,385 per employee.Leap Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.70 and a Current Ratio set at 8.70.

LPTX Stock EPS

With the latest financial reports released by the company, Leap Therapeutics Inc. posted -0.33/share EPS, while the average EPS was predicted by analysts to be reported at -0.32/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -3.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LPTX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Leap Therapeutics Inc. go to -2.49%.

Leap Therapeutics Inc. [LPTX] Insider Position Details

There are presently around $44 million, or 53.90% of LPTX stock, in the hands of institutional investors. The top three institutional holders of LPTX stocks are: PERCEPTIVE ADVISORS LLC with ownership of 8,476,496, which is approximately 0% of the company’s market cap and around 12.04% of the total institutional ownership; HILLHOUSE CAPITAL ADVISORS, LTD., holding 3,716,240 shares of the stock with an approximate value of $6.58 million in LPTX stocks shares; and ARTAL GROUP S.A., currently with $5.0 million in LPTX stock with ownership of nearly -5% of the company’s market capitalization.

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Positions in Leap Therapeutics Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 26 institutional holders increased their position in Leap Therapeutics Inc. [NASDAQ:LPTX] by around 3,050,111 shares. Additionally, 27 investors decreased positions by around 7,238,777 shares, while 5 investors held positions by with 14,706,702 shares. The mentioned changes placed institutional holdings at 24,995,590 shares, according to the latest SEC report filing. LPTX stock had 9 new institutional investments in for a total of 1,329,946 shares, while 16 institutional investors sold positions of 4,152,217 shares during the same period.

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