Fennec Pharmaceuticals Inc. [NASDAQ: FENC] closed the trading session at $6.93 on 04/06/21. The day’s price range saw the stock hit a low of $5.93, while the highest price level was $6.97. The company report on March 30, 2021 that Fennec Announces Fiscal Year 2020 Financial Results and Provides Business Update.
~ Fennec is Working Closely with its Third-Party Drug Product Manufacturer to Finalize the New Drug Application (NDA) Resubmission for PEDMARK™ ~.
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~ Resubmission of the NDA for PEDMARKTM is Planned for the Second Quarter of 2021 ~.
The stocks have a year to date performance of -6.98 percent and weekly performance of 11.59 percent. The stock has been moved at 15.69 percent over the last six months. The stock has performed -5.52 percent around the most recent 30 days and changed -7.10 percent over the most recent 3-months.
If compared to the average trading volume of 84.21K shares, FENC reached to a volume of 1213768 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Fennec Pharmaceuticals Inc. [FENC]:
Cantor Fitzgerald have made an estimate for Fennec Pharmaceuticals Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 05, 2020. The new note on the price target was released on October 11, 2018, representing the official price target for Fennec Pharmaceuticals Inc. stock.
The Average True Range (ATR) for Fennec Pharmaceuticals Inc. is set at 0.46, with the Price to Sales ratio for FENC stock in the period of the last 12 months amounting to 1043.17. The Price to Book ratio for the last quarter was 6.19, with the Price to Cash per share for the same quarter was set at 1.18.
FENC stock trade performance evaluation
Fennec Pharmaceuticals Inc. [FENC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.59. With this latest performance, FENC shares dropped by -5.52% in over the last four-week period, additionally plugging by 15.69% over the last 6 months – not to mention a rise of 26.92% 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 FENC stock in for the last two-week period is set at 49.95, with the RSI for the last a single of trading hit 54.92, and the three-weeks RSI is set at 48.01 for Fennec Pharmaceuticals Inc. [FENC]. The present Moving Average for the last 50 days of trading for this stock 7.45, while it was recorded at 6.37 for the last single week of trading, and 7.44 for the last 200 days.
Fennec Pharmaceuticals Inc. [FENC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Fennec Pharmaceuticals Inc. [FENC] shares currently have an operating margin of -10520.59. Fennec Pharmaceuticals Inc.’s Net Margin is presently recorded at -10652.35.
Return on Total Capital for FENC is now -91.50, given the latest momentum, and Return on Invested Capital for the company is -92.65. Return on Equity for this stock declined to -92.65, with Return on Assets sitting at -83.23.
Reflecting on the efficiency of the workforce at the company, Fennec Pharmaceuticals Inc. [FENC] managed to generate an average of -$2,698,847 per employee.Fennec Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.40 and a Current Ratio set at 13.40.
Earnings per share (EPS) analysis for Fennec Pharmaceuticals Inc. [FENC] stock
With the latest financial reports released by the company, Fennec Pharmaceuticals Inc. posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.19/share. 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 FENC.
Fennec Pharmaceuticals Inc. [FENC]: Insider Ownership positions
There are presently around $101 million, or 56.90% of FENC stock, in the hands of institutional investors. The top three institutional holders of FENC stocks are: SOUTHPOINT CAPITAL ADVISORS LP with ownership of 4,077,214, which is approximately 0% of the company’s market cap and around 16.95% of the total institutional ownership; SONIC FUND II, L.P., holding 2,433,230 shares of the stock with an approximate value of $16.86 million in FENC stocks shares; and AVORO CAPITAL ADVISORS LLC, currently with $11.57 million in FENC stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Fennec Pharmaceuticals Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 28 institutional holders increased their position in Fennec Pharmaceuticals Inc. [NASDAQ:FENC] by around 974,155 shares. Additionally, 21 investors decreased positions by around 407,292 shares, while 12 investors held positions by with 13,133,368 shares. The mentioned changes placed institutional holdings at 14,514,815 shares, according to the latest SEC report filing. FENC stock had 8 new institutional investments in for a total of 56,445 shares, while 8 institutional investors sold positions of 191,789 shares during the same period.