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Watch Out: Barbarians At The Gate For Oxygen Biotherapeutics (OXBT)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Oxygen Biotherapeutics ( OXBT) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Oxygen Biotherapeutics as such a stock due to the following factors:

  • OXBT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $45.2 million.
  • OXBT has traded 6.1 million shares today.
  • OXBT traded in a range 214.1% of the normal price range with a price range of $1.11.
  • OXBT traded above its daily resistance level (quality: 238 days, meaning that the stock is crossing a resistance level set by the last 238 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in OXBT with the Ticky from Trade-Ideas. See the FREE profile for OXBT NOW at Trade-Ideas

More details on OXBT:

Oxygen Biotherapeutics, Inc., a development stage company, engages in developing biotechnology products that deliver oxygen to target tissues in the body primarily in the United States.

The average volume for Oxygen Biotherapeutics has been 941,500 shares per day over the past 30 days. Oxygen has a market cap of $16.3 million and is part of the health care sector and drugs industry. The stock has a beta of -0.66 and a short float of 7.9% with 0.02 days to cover. Shares are up 401.4% year to date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Oxygen Biotherapeutics as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and generally disappointing historical performance in the stock itself.

Highlights from the ratings report include:

  • The debt-to-equity ratio is very high at 3.03 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with the unfavorable debt-to-equity ratio, OXBT maintains a poor quick ratio of 0.89, which illustrates the inability to avoid short-term cash problems.
  • OXBT's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 85.53%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • The revenue fell significantly faster than the industry average of 11.8%. Since the same quarter one year prior, revenues fell by 30.6%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Compared to other companies in the Biotechnology industry and the overall market, OXYGEN BIOTHERAPEUTICS INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • OXYGEN BIOTHERAPEUTICS INC has improved earnings per share by 23.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. During the past fiscal year, OXYGEN BIOTHERAPEUTICS INC continued to lose money by earning -$11.20 versus -$22.00 in the prior year.

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