Sunday, 25 February, 2018


Cascadian Therapeutics (CASC) Stock: Gaining On Acquisition By Seattle Genetics (SGEN)

Patty Aguilar | 01 February, 2018, 23:58

(SGEN) announced Wednesday that it has signed a definitive merger agreement to acquire Cascadian Therapeutics, Inc.

"Seattle Genetics has the development and commercial capabilities and the resources needed to more fully realize the potential of tucatinib as a new best-in-class treatment option for metastatic breast cancer, colorectal cancer, and potentially for other indications", added Scott D. Myers, Cascadian's president and CEO. The firm lead clinical-stage product candidate is tucatinib, an orally active and HER2-selective small molecule tyrosine kinase inhibitor, which is in two Phase Ib trials, one in combination with Kadcyla and another in combination with Xeloda and/or Herceptin. More interesting news about Cascadian Therapeutics, Inc.

Separately, Cantor Fitzgerald reiterated a hold rating and set a $4.00 target price on shares of Cascadian Therapeutics in a research note on Monday, September 11th. Recently, analysts have updated the overall rating to 2.4. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Cascadian Therapeutics has a 52-week low of $3.18 and a 52-week high of $10.21.

Cascadian Therapeutics, Inc. (CASC) has the market capitalization of $507.06 Million. This shows a surprise factor of -0.022%. The company now has a Return on Equity of -895.2% and a Return on Investment of 0%. About 15.55M shares traded or 4368.49% up from the average.

By taking a look at the stock's current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. This represents a 69 percent premium to the closing price of Cascadian Therapeutics' common stock on Tuesday, January 30, 2018, and a 139 percent premium to its 30-day volume weighted average stock price. In addition, analysts believe Cascadian's stock will continue to rise throughout the year. The 100-Day trend also shows a BULLISH trend as well. Northern Trust Corp now owns 382,469 shares of the biopharmaceutical company's stock valued at $1,420,000 after acquiring an additional 308,270 shares during the period. The return on assets stands at -39.8%, Return on Equity now is -42.3% and the Return on Investment value is 0%. As of today, the company has a SMA200 (200-day simple moving average) of 151.49 Percent. This is far and away the top-performing stock in Wednesday's session.

While having a peek at profitability ratios Repros Therapeutics (NASDAQ:RPRX) has trailing twelve month gross margin at 0%, its trailing twelve month operating margin stands at 0% whereas its trailing twelve month net profit margin spots at 0%. The return on invested capital is at 0%, which is good, compared to its peers. Repros Therapeutics (NASDAQ:RPRX)'s price to free cash flow for trailing twelve months is 0. Over the past month the firm's stock is 171.89%, 126.58% for the last quarter, 149.63% for the past six-months and 143.00% for the a year ago.

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