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Trading at Less than Cash Value
Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.
What this Means…
Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.
Today’s Data on NASDAQ
Today’s data is for companies listed on the NASDAQ.
|Symbol||Name||Close Price||Shares Outstanding||P/E||P/B||Cash per Share||Net Cash per Share|
|LJPC||La Jolla Pharmaceutical Co||6.230000||26233631||None||2.3911||7.79||0.16|
|MGI||MoneyGram International Inc||2.430000||55687731||None||None||3.75||-12.46|
|ETTX||Entasis Therapeutics Holdings Inc||6.500000||13099735||None||0.9410||7.18||None|
|IDRA||Idera Pharmaceuticals Inc||2.650000||27181436||None||0.9621||3.03||3.95|
|CDTX||Cidara Therapeutics Inc||2.530000||27751431||None||1.0040||3.02||2.66|
|AQXP||Aquinox Pharmaceuticals Inc||2.680000||23537368||None||0.8222||3.68||3.68|
|SNNA||Sienna Biopharmaceuticals Inc||2.940000||21140101||None||1.3833||3.03||1.61|
|SELB||Selecta Biosciences Inc||1.960000||22471776||None||4.4045||2.25||1.30|
|APWC||Asia Pacific Wire & Cable Corp Ltd||2.330000||13819669||5.0652||0.2122||3.52||1.27|
|BIQI||Renmin Tianli Group Inc||2.610000||8033745||19.5000||0.2399||7.64||7.39|
|ONTX||Onconova Therapeutics Inc||3.300000||5674220||None||1.7242||3.94||None|
|SAEX||SAExploration Holdings Inc||4.420000||3159955||None||0.4275||6.44||-23.41|
|RLM||Realm Therapeutics PLC||2.660000||4662476||None||0.5108||3.48||2.74|
|DFFN||Diffusion Pharmaceuticals Inc||2.460000||3376245||None||0.3972||3.26||4.64|
|KBSF||KBS Fashion Group Ltd||3.670000||2228497||None||0.1192||9.07||8.58|
|SFET||Safe-T Group Ltd||2.390000||2283111||None||1.6063||2.68||2.21|
|CHFS||CHF Solutions Inc||10.050000||512460||None||0.5335||16.04||2.58|
|TNXP||Tonix Pharmaceuticals Holding Corp||1.940000||2391137||None||0.3384||6.14||0.75|
Let’s look at a few companies…
Lets look at a couple of the companies on this list to get a better understanding of them.
IDRA:NAS Idera Pharmaceuticals
Idera Pharmaceuticals has 62 employees and is headquartered in United States.
Idera Pharmaceuticals Inc is a clinical stage biotechnology company. It is engaged in the discovery, development and commercialization of novel therapeutics for oncology and rare diseases.
AQXP:NAS Aquinox Pharmaceuticals
Aquinox Pharmaceuticals has 52 employees and is headquartered in Canada.
Aquinox Pharmaceuticals Inc is a clinical-stage pharmaceutical company discovering and developing targeted therapeutics in disease areas of inflammation and immuno-oncology.
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