Shares of Cancer Genetics, Inc. (NASDAQ:CGIX) recorded -10.20% loss during trading session on August 22nd, 2019. The script traded as low as $0.11 and last traded at $0.11. 2.04 million shares changed exchanged hands during trading, a drop of -5.77% from the 30-day average session volume of 1.93M shares. The firm had previously closed at $0.12. The company has $56.14M outstanding shares, price-to-earnings-growth ratio of 0.23 and a beta of 1.59. The company has a RSI of 33.02, ATR of 0.02 and a volatility of 9.95% this week. CGIX has a 52 week low price of $0.10 and a 52 week high price of $1.30.
Investors have identified the tech company Cancer Genetics, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 6.18M, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Cancer Genetics, Inc. (CGIX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CGIX, the company has in raw cash 667000 on their books with 1.62 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 0 total, with 60.41 million as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
CGIX were able to record 4.88 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 506000. In cash movements, the company had a total of 4.86 million as operating cash flow.
Potential earnings growth for Cancer Genetics, Inc. (CGIX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Cancer Genetics, Inc. recorded a total of 1.53 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.16% coming in sequential stages and their sales for the third quarter reducing by -3.48%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 725000 trying to sell their products during the last quarter, with the result yielding a gross income of 800000. This allows shareholders to hold on to 56.14M with the revenue now reading -70 cents per share.
Is the stock of CGIX attractive?
In related news, Chief Financial Officer Miles Michael Glenn bought 150,000 shares of the company’s stock in a transaction that recorded on January 31st, 2019. The purchase was performed at an average price of 0.23, for a total value of 34,500. As the purchase deal closes, the Chief Executive Officer Miles Michael Glenn now bought 185,436 shares of the company’s stock, valued at 42,650. Also, Director PAPPAJOHN JOHN bought 1,000,000 shares of the company’s stock in a deal that was recorded on January 31st, 2019. The shares were bought at an average cost of 0.23 per share, with a total market value of 4,781,204. Following this completion of disposal, the Director now holds 43,479 shares of the company’s stock, valued at 10,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 24.60%.