Stock on Demand This Week: Leap Therapeutics Inc. (LPTX)

Leap Therapeutics Inc. (NASDAQ:LPTX) saw a downside of -1.92% to close Monday at $3.58 after subtracting -$0.07 on the day. The 5-day average trading volume is 7,135,500 shares of the company’s common stock. It has gained $4.17 in the past week. An average of 16,251,225 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,909,286.

LPTX’s 1-month performance is 108.14% or $1.88 on its low of $1.39 reached on 09/09/21. The company’s shares have touched a 52-week low of $1.33 and high of $4.17, with the stock’s rally to the 52-week high happening on 09/30/21. YTD, LPTX has achieved 59.11% or $1.33. However, the current price is down -14.15%% from the 52-week high price.

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Valuation Metrics

Leap Therapeutics Inc. (LPTX) has a trailing price-to-earnings (P/E) ratio of 33.83 for the broader industry and 32.05 for the sector, meaning that investors are optimistic about the stock’s future prospects.LPTX stock has a beta of 0.48. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 228.86 while the price-to-book (PB) in the most recent quarter is 7.16.

Leap Therapeutics Inc.’s quick ratio for the period ended June 29 was 4.50, with the current ratio over the same period at 4.50 meaning that LPTX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00The trailing 12-month EBITDA margin is -1858.07%. The firm’s gross profit as reported stood at $30.04 million against revenue of $1.5 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected LPTX to announce -$0.12 per share in earnings in its latest quarter, but it posted -$0.12, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$9.68 million. LPTX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 8.06 million, with total debt at $0.35 million. Shareholders hold equity totaling $59.67 million

Technical Picture

Let’s look briefly at Leap Therapeutics Inc. (LPTX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 66.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 104.32%.

The stock’s 5-day moving average is $3.64, reflecting a +0.28% or $0.01 change from its current price. LPTX is currently trading +110.59% above its 20-day SMA, +125.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +159.42% and +94.57% respectively.

Stochastic %K and %D was 82.72% and 84.94% and the average true range (ATR) pointed at 0.44. The RSI (14) points at 69.39%, while the 14-day stochastic is at 75.67% with the period’s ATR at 0.38. The stock’s 9-day MACD Oscillator is pointing at 0.19 and 0.51 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Leap Therapeutics Inc. (NASDAQ: LPTX), Mizuho launched coverage with a Buy rating. Analysts offering their rating for LPTX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate LPTX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 have offered a “buy” rating.

What is LPTX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $4.00 and a high of $6.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Leap Therapeutics Inc. (LPTX) stock is $4.80.


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