Are These Stocks Nearing A Big Breakout? – Odonate Therapeutics Inc. (ODT), Clean Energy Fuels Corp. (CLNE)

Odonate Therapeutics Inc. (NASDAQ: ODT) shares are -46.07% down in the year-to-date (YTD) period and have moved -4.53% or -$0.83 lower in the latest trading session. However, stock’s trailing 12-month performance remains nearly +1.86% lower. Comparatively, the stock is -62.37% down YTD and -47.29% over the trailing 3-month period. If we look at the shorter duration, its week performance is -50.68% and -51.62% over the month.


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Analyst Recommendations

4 analysts offering the recommendations for the stock have a consensus rating of 2.20 to suggest that the ODT stock is a “Moderate Buy. 1 of the 4 analysts rate the stock as a “Sell”, while 0 has rated it as “Underweight”. 3 recommend buying, with 0 rating it as an Overweight.

The stock currently trades at $17.50 and analysts tracking its performance over the next 12 months have a consensus estimate price target of $43.33. The forecasts give the Odonate Therapeutics Inc. stock a price target range of $56.00 on the higher side while at least one analyst think the stock could plunge to a low of $24.00. The two limits represent an upside potential of 68.75% or 27.08%.

Earnings Forecast

Analysts estimate the earnings to decrease -11.20% in the current quarter to -$0.97, down from the -$0.88 reported in the same quarter a year ago. Analysts also offered guidance for the next financial quarter, with their average projected EPS at between -$1.3 and -$0.75. Wall Street estimates earnings per share to be at an average of -$3.92 for the next year.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 74 over the last 12 months, while SEC filings reveal that there have been 0 insider sales over the same period. Insiders have purchases 153,808 shares while those sold by company executives and officers stand at 0. The last 3 months have seen insiders trade a total of 518 and 0 in purchases and sales respectively.

Clean Energy Fuels Corp. (NASDAQ:CLNE), on the other hand, is trading around $2.78 with a market cap of $565.95M and analyst research firms have a negative stance on its shares. Some analysts are even forecasting -$0.04 per share in earnings this year on a short term (1 year) basis.

Let us briefly look at the Clean Energy Fuels Corp. (CLNE) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.

Company balance sheet and cash flow

CLNE’s operating margin was positive on the trailing 12 months basis, remaining steady at 7.30%, while the operating expenses over the recent quarter were at $29.05 million. This represented a 51.48% of the company’s total revenues which amounted $59.87 million. With this in place, we can see that the company’s diluted EPS declined -$0.03 on the year-over-year period, shrinking to -$0.03 as given in the last earnings report.

In terms of the balance sheet & cash flow as of (Sep 2020), the total assets figure advanced to $669.04 million from $764.45 million over the previous quarter. Short term investments amounted to $16.53 million while total current assets were at $205.43 million. The cash flow from operating activities totaled $49.76 million, significantly higher than the $8.78 million reported in the year-ago quarter. The company’s free cash flow for the quarter was $43.41 million.

Insider activity

Insiders have transacted a total of 8 times at Clean Energy Fuels Corp. over the last 6 months, with insider purchases undertaken 7 times and accounting for 155,743 shares. Insider sales totaled 25,375 shares over the same period, with these deals completed in 1 transactions. Looking at these numbers, we realize that net purchases over that period are 6.0 shares. Insiders now hold a total of 66.22M shares after the latest sales, with 0.40% net shares purchased.

Major holders

Insiders own 1.80% of the company shares, while shares held by institutions stand at 29.80% with a share float percentage of 130.48M. Investors are also buoyed by the number of investors in a company, with Clean Energy Fuels Corp. having a total of 174 institutions that hold shares in the company. The top two institutional holders are Dimensional Fund Advisors LP with over 11.03 million shares worth more than $24.49 million. As of Jun 29, 2020, Dimensional Fund Advisors LP held 5.55% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the investment firm holding over 9.63 million shares as of Jun 29, 2020. The firm’s total holdings are worth over $21.37 million and represent 4.85% of shares outstanding.

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