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Biotech / Medical : Biotech for less than cash value

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From: rkrw5/9/2022 9:08:02 PM
1 Recommendation

Recommended By
ghmm

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Some not so fun stats on this bear mauling

My database has 640+ names

Median 2022 YTD -49.1% (on top of -42.2% last year)

For 2022:
41 names are up any amount
602 down
3 have 2x (nvct, trvi, nwbo)
11 are up 30% or more

317 down 50% or more
185 down 60% or more
87 down 70% or more
27 down 80% or more

255 names sub cash (39.6%)-- ***most not updated for Q1 cash mind you
~100 at half cash
~40 at 1/3rd cash
14 at 1/4th of cash

41 of the 42 lowest market cap names are sub cash, tells you the market isn't expecting any of them to stick around long.

Cumulatively down $224b which understates it by some billions as new names have been added for IPO's etc.
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