The Case for and Against Endocyte, Inc. (ECYT)

Endocyte, Inc. (ECYT) is an interesting player in the Healthcare space, with a focus on Biotechnology. The stock has been active on the tape, currently trading at $10.82, up from yesterday’s close by 22.54%. 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

Endocyte, Inc. (ECYT) currently trades with a market capitalization of $702.54 Million. That value represents a market adjusting for revenues that have been growing by 0.00 % 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 -$36.04 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of -$0.18 on a per share basis this quarter. Perhaps, that suggests something about why 4.70% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Endocyte, Inc. recorded a 52-week high of $9.32. It is now trading -1.5% off that level. The stock is trading $4.45 its 50-day moving average by -6.37%. The stock carved out a 52-week low down at $1.17.

In recent action, Endocyte, Inc. (ECYT) has made a move of +252.44% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been less 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 3.07% with $61.91 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ECYT.

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