Sesen Bio Inc. [NASDAQ: SESN] jumped around 0.09 points on Tuesday, while shares priced at $3.84 at the close of the session, up 2.40%. The company report on July 26, 2021 that Sesen Bio Announces Significant Commercial Progress as the Company Approaches the Potential Approval and Launch of Vicineum™ in the US.
Hiring of the US sales force is 97% complete and sales training has commenced.
14 Key Opinion Leader (KOL) speakers have been identified and speaker training has commenced.
Sesen Bio Inc. stock is now 184.44% up from its year-to-date (YTD) trading value. SESN Stock saw the intraday high of $3.99 and lowest of $3.55 per share. The company’s 52-week high price is 4.80, which means current price is +212.20% above from all time high which was touched on 06/29/21.
Compared to the average trading volume of 6.50M shares, SESN reached a trading volume of 7677471 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Sesen Bio Inc. [SESN]?
H.C. Wainwright have made an estimate for Sesen Bio Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 11, 2019.
The Average True Range (ATR) for Sesen Bio Inc. is set at 0.29, with the Price to Sales ratio for SESN stock in the period of the last 12 months amounting to 44.93. The Price to Book ratio for the last quarter was 64.00, with the Price to Cash per share for the same quarter was set at 0.61.
How has SESN stock performed recently?
Sesen Bio Inc. [SESN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.52. With this latest performance, SESN shares dropped by -7.91% in over the last four-week period, additionally plugging by 102.11% over the last 6 months – not to mention a rise of 262.26% 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 SESN stock in for the last two-week period is set at 47.15, with the RSI for the last a single of trading hit 45.12, and the three-weeks RSI is set at 49.64 for Sesen Bio Inc. [SESN]. The present Moving Average for the last 50 days of trading for this stock 3.84, while it was recorded at 3.92 for the last single week of trading, and 2.45 for the last 200 days.
Sesen Bio Inc. [SESN]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Sesen Bio Inc. [SESN] shares currently have an operating margin of -287.09. Sesen Bio Inc.’s Net Margin is presently recorded at -199.33.
Reflecting on the efficiency of the workforce at the company, Sesen Bio Inc. [SESN] managed to generate an average of -$829,519 per employee.Sesen Bio Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.30 and a Current Ratio set at 7.30.
Insider trade positions for Sesen Bio Inc. [SESN]
There are presently around $155 million, or 24.80% of SESN stock, in the hands of institutional investors. The top three institutional holders of SESN stocks are: VANGUARD GROUP INC with ownership of 7,195,552, which is approximately 22.091% of the company’s market cap and around 0.03% of the total institutional ownership; TRV GP, LLC, holding 4,091,591 shares of the stock with an approximate value of $15.71 million in SESN stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $14.39 million in SESN stock with ownership of nearly 28.749% of the company’s market capitalization.
Positions in Sesen Bio Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 64 institutional holders increased their position in Sesen Bio Inc. [NASDAQ:SESN] by around 17,612,263 shares. Additionally, 16 investors decreased positions by around 5,014,701 shares, while 6 investors held positions by with 17,689,172 shares. The mentioned changes placed institutional holdings at 40,316,136 shares, according to the latest SEC report filing. SESN stock had 27 new institutional investments in for a total of 2,075,304 shares, while 5 institutional investors sold positions of 1,682,915 shares during the same period.