- PRTA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.0 million.
- PRTA has traded 170,918 shares today.
- PRTA is trading at 3.67 times the normal volume for the stock at this time of day.
- PRTA is trading at a new low 4.21% below yesterday's close.
'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in PRTA with the Ticky from Trade-Ideas. See the FREE profile for PRTA NOW at Trade-Ideas More details on PRTA: Prothena Corporation plc, a late-stage clinical biotechnology company, focuses on the discovery, development, and commercialization of novel protein immunotherapies for the treatment of diseases that involve protein misfolding or cell adhesion in Ireland. Currently there are 6 analysts that rate Prothena a buy, no analysts rate it a sell, and none rate it a hold. The average volume for Prothena has been 422,600 shares per day over the past 30 days. Prothena has a market cap of $1.6 billion and is part of the health care sector and drugs industry. The stock has a beta of 2.35 and a short float of 21% with 11.37 days to cover. Shares are down 35.8% year-to-date as of the close of trading on Thursday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates Prothena as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and weak operating cash flow. Highlights from the ratings report include:
- PROTHENA CORP PLC's earnings per share declined by 47.3% in the most recent quarter compared to the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, PROTHENA CORP PLC reported poor results of -$2.63 versus -$0.12 in the prior year. For the next year, the market is expecting a contraction of 45.4% in earnings (-$3.83 versus -$2.63).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Biotechnology industry. The net income has significantly decreased by 81.0% when compared to the same quarter one year ago, falling from -$15.20 million to -$27.52 million.
- Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Biotechnology industry and the overall market, PROTHENA CORP PLC's return on equity significantly trails that of both the industry average and the S&P 500.
- Net operating cash flow has significantly decreased to -$25.15 million or 70.87% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- PRTA, with its very weak revenue results, has greatly underperformed against the industry average of 19.4%. Since the same quarter one year prior, revenues plummeted by 55.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- You can view the full Prothena Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.