ZIOPHARM Oncology, Inc. (ZIOP) shares saw a recent bid of $5.85 and 4.19M shares have exchanged hands in the recent trading session, yielding a -16.43% decline over the past week. The stock price decreased -5.34% or $0.33 versus $6.18 at the end of the prior session. This change led market cap to move at $868.20M, putting the price -26.78% below the 52-week high and 31.46% above the 52-week low. The company’s stock has a normal trading capacity of 1.33M shares while the relative volume is 3.14.
To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $14.75 while $23.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $8.25 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $6.50, which would be an increase of about 11% of its current value. The mean target of $14.75 should be compared with the price when the stock was languishing around $4.45 a share. And it remains to be seen which target price ZIOP can achieve without sacrificing much as the company is holding a -24.90% fall for the past twelve months.
By historical standards, ZIOPHARM Oncology, Inc. remains a cheap stock. For now, ZIOPHARM Oncology, Inc. is the toast of Wall Street as its ABR stands at 2.60 with 1 out of 5 analysts rating the stock a buy. Over the short term, some market observers may have noticed that ZIOPHARM Oncology, Inc. has a 26.20% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. ZIOPHARM Oncology, Inc. has far performed well this year, with the share price up 9.35% since January. Over the past 2 quarters, the stock is down -14.10%, compared with a fall of nearly -8.16% for 3 months and about -17.61% for the past 30 days.
Revenue for the quarter also did not kill consensus, coming in at $1.6M, compared to the consensus of 1.71M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.13. The company is expected to report EPS as high as $-0.11 and as low as $-0.16 per share. Similarly, full-year EPS forecasts have ranged between $-0.75 and $-0.46. The mean EPS estimate is $-0.59. On the other side, sales forecasts for the current quarter are $1.67M. The stock is expected to report revenue as high as $2M and as low as $1.46M per share. Similarly, full-year sales forecasts have ranged between $6M and $7M. The mean revenue estimate is $6.5M.
Over the last 5 years, ZIOPHARM Oncology, Inc. has averaged a -6.50% YoY EPS growth rate and a 59.40% revenue growth rate. Analysts are expecting EPS growth rates to be at -38.10% this quarter and EPS estimate for next year reflect -10.20% growth rate.
Sell-side analysts also have something to say about this company. Wells Fargo raised its rating on ZIOPHARM Oncology, Inc. to Market Perform on 10/08/2016 in a reversal from its prior Underperform rating. Mizuho analysts stated on 19/07/2016 that they maintained their Neutral rating. Raymond James analysts stated on 02/06/2016 that they launched coverage on this stock with Mkt Perform rating. Mizuho analysts stated on 11/05/2016 that they maintained their Neutral rating.