Orchard Therapeutics plc (ORTX): A brief note on last quarter


Orchard Therapeutics plc (NASDAQ:ORTX) changes shares on Tuesday trading session, with a change of -0.59% or -$0.03 shares. The trading starts at $5.10 and closed at $5.06 throughout the day. The trading session low price was $4.96 and day high was $5.18 on Tuesday, August 04. After the session, the Healthcare sector daily volume shifted to 0.28 million while its average volume is 452.12K. In other hand, the ORTX market cap reached to $471.21M.

On July 9, 2020, BRIEF-Orchard Therapeutics And Molmed Announce Extension Of Gene Therapy Manufacturing Collaboration. According to the news reported on Reuters, * ORCHARD THERAPEUTICS AND MOLMED ANNOUNCE EXTENSION OF GENE THERAPY MANUFACTURING COLLABORATION

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -3.82% and down -5.98% for month. Its quarterly performance was -55.49% below, while its half year performance is down -60.55%. ORTX yearly performance stood at negative -60.39% and fall -63.42% for year-to-date. Current recommendation for Orchard Therapeutics plc is 1.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ORTX EPS (TTM) for 12-month is -1.91. EPS for this year is 34.70%, while for the next year its value is -1.68. Its EPS Q/Q reached -45.00%.

Let’s take a look on the analyst recommendations on ORTX for the current month and previous month. For the current month, 7 of 7 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $13.00 – $29.00. Average target price for ORTX was reached at $20.00.

FMR, LLC, RA Capital Management, L.P. and Deerfield Management Company, L.P. (Series C) are the top three holders in Orchard Therapeutics plc (ORTX) stock. On Mar 30, 2020, FMR, LLC has 12.24 million shares which valued 92.2 million. On Mar 30, 2020, RA Capital Management, L.P. owned 10.36 million shares which valued at 78.05 million. On Mar 30, 2020, Deerfield Management Company, L.P. (Series C) has a total of 8.86 million shares which valued at 66.73 million. In the end, Deerfield Management Company, L.P. (Series C) have 9.11% shares outstanding of Orchard Therapeutics plc (ORTX) on Mar 30, 2020. The insider ownership moved to 0.40% and institutional holding shifted to 70.90%.

The company posted an EPS (TTM) of -1.91. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of -0.42, while -0.56 EPS posted a year ago period. Analyst Estimated EPS for ORTX published in the report was -$0.48 – -$0.36 during the same period. Comparing with last year, the average estimated EPS was -0.56 which is lower than -0.51 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ORTX fall -50.97% for period of 200 days. SMA for 50 days was -25.80% which is showing red signal, while SMA-20 was -5.29%. The moving average value for Orchard Therapeutics plc (ORTX) is 1.75M and 2.02% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ORTX stock. On Mar 02, Gaspar Bobby, See Remarks, sold 4,921 trading shares at the cost of $13.00, which valued at 63973.0. On Jan 02, FMR LLC, See Remark 1, sold 19,721 shares at the cost of $13.49, with total shares of 6,122,295.