Taking a Look at the Data Behind Abeona Therapeutics Inc. (ABEO)

Abeona Therapeutics Inc. (ABEO) is an interesting player in the Healthcare space, with a focus on Biotechnology. The stock has been active on the tape, currently trading at $11.90, down from yesterday’s close by -5.56%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Abeona Therapeutics Inc. (ABEO) currently trades with a market capitalization of $614.99 Million. That value represents a market adjusting for revenues that have been growing by 19.02 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$21.17 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of -$0.14 on a per share basis this quarter. Perhaps, that suggests something about why 4.32% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Abeona Therapeutics Inc. recorded a 52-week high of $22.75. It is now trading 10.85% off that level. The stock is trading $15.58 its 50-day moving average by 3.68%. The stock carved out a 52-week low down at $4.55.

In recent action, Abeona Therapeutics Inc. (ABEO) has made a move of -19.87% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.62, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 28.98% with $30.06 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ABEO.

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