Tuesday, March 9, 2021

Oppenheimer lifts Anchiano Therapeutics Ltd. [ANCN] price estimate. Who else is bullish?

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Anchiano Therapeutics Ltd. [NASDAQ: ANCN] gained 19.62% on the last trading session, reaching $2.50 price per share at the time. The company report on January 16, 2021 that ANCHIANO INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Anchiano Therapeutics Ltd. – ANCN.

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Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Anchiano Therapeutics Ltd. (NasdaqGS: ANCN) with Chemomab Ltd. pursuant to which Anchiano shareholders will end up owning only approximately 10% of the combined company, prior to additional PIPE financing. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company.

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If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-ancn/ to learn more.

Anchiano Therapeutics Ltd. represents 7.42 million in outstanding shares, while the company has a total market value of $18.55 million with the latest information. ANCN stock price has been found in the range of $2.02 to $2.85.

If compared to the average trading volume of 2.08M shares, ANCN reached a trading volume of 1119843 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Anchiano Therapeutics Ltd. [ANCN]:

Oppenheimer have made an estimate for Anchiano Therapeutics Ltd. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on November 18, 2019. The new note on the price target was released on November 18, 2019, representing the official price target for Anchiano Therapeutics Ltd. stock. Previously, the target price had yet another raise to $12, while Robert W. Baird analysts kept a Outperform rating on ANCN stock.

The Average True Range (ATR) for Anchiano Therapeutics Ltd. is set at 0.37 The Price to Book ratio for the last quarter was 3.47.

Trading performance analysis for ANCN stock

Anchiano Therapeutics Ltd. [ANCN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.05. With this latest performance, ANCN shares gained by 10.62% in over the last four-week period, additionally plugging by 146.28% over the last 6 months – not to mention a rise of 66.67% 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 ANCN stock in for the last two-week period is set at 62.66, with the RSI for the last a single of trading hit 65.73, and the three-weeks RSI is set at 61.31 for Anchiano Therapeutics Ltd. [ANCN]. The present Moving Average for the last 50 days of trading for this stock 1.82, while it was recorded at 2.25 for the last single week of trading, and 1.27 for the last 200 days.

Anchiano Therapeutics Ltd. [ANCN]: A deeper dive into fundamental analysis

Return on Total Capital for ANCN is now -262.62, given the latest momentum, and Return on Invested Capital for the company is -374.20. Return on Equity for this stock declined to -393.83, with Return on Assets sitting at -168.34. When it comes to the capital structure of this company, Anchiano Therapeutics Ltd. [ANCN] has a Total Debt to Total Equity ratio set at 7.49. Additionally, ANCN Total Debt to Total Capital is recorded at 6.96, with Total Debt to Total Assets ending up at 5.65. Long-Term Debt to Equity for the company is recorded at 4.86, with the Long-Term Debt to Total Capital now at 4.52.

Reflecting on the efficiency of the workforce at the company, Anchiano Therapeutics Ltd. [ANCN] managed to generate an average of -$1,700,735 per employee.

Anchiano Therapeutics Ltd. [ANCN]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Anchiano Therapeutics Ltd. posted -0.25/share EPS, while the average EPS was predicted by analysts to be reported at -0.16/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -56.20%. 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 ANCN.

An analysis of insider ownership at Anchiano Therapeutics Ltd. [ANCN]

There are presently around $1 million, or 3.46% of ANCN stock, in the hands of institutional investors. The top three institutional holders of ANCN stocks are: PALISADE CAPITAL MANAGEMENT LLC/NJ with ownership of 369,640, which is approximately 0% of the company’s market cap and around 3.82% of the total institutional ownership; MEITAV DASH INVESTMENTS LTD, holding 234,402 shares of the stock with an approximate value of $0.49 million in ANCN stocks shares; and PHOENIX HOLDINGS LTD., currently with $55000.0 in ANCN stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Anchiano Therapeutics Ltd. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 2 institutional holders increased their position in Anchiano Therapeutics Ltd. [NASDAQ:ANCN] by around 15,483 shares. Additionally, 2 investors decreased positions by around 288,367 shares, while 3 investors held positions by with 366,762 shares. The mentioned changes placed institutional holdings at 670,612 shares, according to the latest SEC report filing. ANCN stock had 2 new institutional investments in for a total of 15,483 shares, while 1 institutional investors sold positions of 158,123 shares during the same period.

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