These 2 Stocks Seize Spotlight: Sonnet BioTherapeutics Holdings Inc. (SONN), Taseko Mines Limited (TGB)

Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN) shares are -79.40% down in the year-to-date (YTD) period and have moved -18.97% or -$0.74 lower in the latest trading session. However, stock’s trailing 12-month performance remains nearly +31.67% lower. Comparatively, the stock is -94.21% down YTD and -24.22% over the trailing 3-month period. If we look at the shorter duration, its week performance is 20.15% and 14.08% over the month.

Analyst Recommendations

1 analysts offering the recommendations for the stock have a consensus rating of 2.00 to suggest that the SONN stock is a “Moderate Buy. 0 of the 1 analysts rate the stock as a “Sell”, while 0 has rated it as “Underweight”. 1 recommend buying, with 0 rating it as an Overweight.

The stock currently trades at $3.16. The forecasts give the Sonnet BioTherapeutics Holdings Inc. stock a price target range of $7.00 on the higher side while at least one analyst think the stock could plunge to a low of $7.00. The two limits represent an upside potential of 54.86% or 54.86%.

Earnings Forecast

Analysts estimate the earnings to decrease -207.70% in the current quarter to $0, up from the -$8.84 reported in the same quarter a year ago. Wall Street estimates earnings per share to be at an average of -$2.96 for the next year.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 1 over the last 12 months, while SEC filings reveal that there have been 0 insider sales over the same period. Insiders have purchases 5,000 shares while those sold by company executives and officers stand at 0. The last 3 months have seen insiders trade a total of 0 and 0 in purchases and sales respectively.

Taseko Mines Limited (AMEX:TGB), on the other hand, is trading around $0.82 with a market cap of $204.90M and analyst research firms have a negative stance on its shares. Some analysts are even forecasting $0.22 per share in earnings this year on a short term (1 year) basis.

Let us briefly look at the Taseko Mines Limited (TGB) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.

Company balance sheet and cash flow

TGB’s operating margin was negative on the trailing 12 months basis, remaining steady at -9.90%, while the operating expenses over the recent quarter were at $22.05 million. This represented a 71.17% of the company’s total revenues which amounted $76.48 million. With this in place, we can see that the company’s diluted EPS inclined $0.06 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 (Mar 2018), the total assets figure advanced to $643.25 million from $666.24 million over the previous quarter. Short term investments amounted to $0.4 million while total current assets were at $90.11 million. The cash flow from operating activities totaled $39.5 million, significantly higher than the $13.66 million reported in the year-ago quarter. The company’s free cash flow for the quarter was $15.84 million.

Major holders

Insiders own 2.30% of the company shares, while shares held by institutions stand at 22.50% with a share float percentage of 235.06M. Investors are also buoyed by the number of investors in a company, with Taseko Mines Limited having a total of 66 institutions that hold shares in the company. The top two institutional holders are Renaissance Technologies, LLC with over 7.02 million shares worth more than $3.47 million. As of Jun 29, 2020, Renaissance Technologies, LLC held 2.85% of shares outstanding.

The other major institutional holder is Benefit Street Partners, LLC, with the investment firm holding over 6.05 million shares as of Jun 29, 2020. The firm’s total holdings are worth over $2.99 million and represent 2.46% of shares outstanding.