The marijuana industry has a few well-capitalized stocks traded on major exchanges, but most pot companies, like Cannabis Science, are penny stocks traded Over the Counter. Through partnerships with Big Pharma, the company is already marketing its Epidiolex multiple sclerosis treatment in more than 20 countries.
The company has other products in the pipeline, including therapies for glaucoma and schizophrenia, and a potential treatment for a particularly aggressive form of brain cancer. Apart from medical uses, a THC-free plant would have huge ramifications for the industrial hemp industry, which is all but crippled in the U. The low-nicotine variety has proven effective in helping smokers kick the habit and is gaining the support of tobacco scientists worldwide.
Based in Norwood, Mass. That means it is involved in double-blind randomized trials for drugs, in which one group of patients receives the drug, while a control group is given a placebo. The trick is that neither the patients nor the researchers know who gets the drug.
Phase III studies have hundreds or even thousands of patients and studies can go on for years. The goal is to root out all possible side effects or adverse conditions, as well as study the long-term effectiveness of the drug.
Lenabasum is being used to treat trial patients suffering from systemic sclerosis, cystic fibrosis , dermatomyositis, and lupus. Corbus also is exploring CRB, designed to treat cholangitis, idiopathic pulmonary fibrosis, radiation-induced pulmonary fibrosis, myocardial fibrosis, and acute interstitial nephritis, among other ailments. CRB is pre-clinical and set to begin Phase 1 this year. Cannabis Science certainly enjoys several powerful tailwinds.
In April , the company announced that it was expanding into the strategically crucial market of Canada, by forming a new subsidiary called Cannabis Science Canada. On October 17, , Canada became the second country, after Uruguay, to legalize possession and use of recreational cannabis for all adults. Medical marijuana has been legal in Canada since Canada has left it to the provinces and municipalities to determine parameters, such as where cannabis can be bought and consumed.
Analysts expect demand for marijuana to surge in Canada, creating an acute shortage. Scarcity of weed should be manna for marijuana investors. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. If a company's expenses are growing faster than their sales, this will reduce their margins. But note, different industries have different margin rates that are considered good.
And margin rates can vary significantly across these different groups. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values.
Return on Equity or ROE is calculated as income divided by average shareholder equity past 12 months, including reinvested earnings. The income number is listed on a company's Income Statement. ROE is always expressed as a percentage. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at.
ROE values, like other values, can vary significantly from one industry to another. As the name suggests, it's calculated as sales divided by assets. This is also commonly referred to as the Asset Utilization ratio.
A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. It takes the consensus sales estimate for the current fiscal year F1 divided by the sales for the last completed fiscal year F0 actual if reported, the consensus if not. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. Like earnings, a higher growth rate is better than a lower growth rate.
Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Of course, different industries will have different growth rates that are considered good. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. The Daily Price Change displays the day's percentage price change using the most recently completed close.
This item is updated at 9 pm EST each day. While the hover-quote on Zacks. This is useful for obvious reasons, but can also put the current day's intraday gains into better context by knowing if the recently completed trading day was up or down. The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. The 1 week price change reflects the collective buying and selling sentiment over the short-term.
A strong weekly advance especially when accompanied by increased volume is a sought after metric for putting potential momentum stocks onto one's radar. Others will look for a pullback on the week as a good entry point, assuming the longer-term price changes 4 week, 12 weeks, etc. The Momentum Score takes all of this and more into account.
The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks 20 trading days. This is a medium-term price change metric. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers.
The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks 60 days. This is a medium-term price change metric like the 4 week price change. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks trading days.
This is a longer-term price change metric. The 52 week price change is a good reference point. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue.
Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days.
Volume is a useful item in many ways. For one, part of trading is being able to get in and out of a stock easily. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. This is also useful to know when comparing a stock's daily volume which can be found on a ticker's hover-quote to that of its average volume. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish.
As they say, 'price follows volume'. The 20 day average establishes this baseline. Earnings estimate revisions are the most important factor influencing stocks prices. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Seeing a stock's EPS change over 1 week is important. But, it's made even more meaningful when looking at the longer-term 4 week percent change.
And, of course, the 4 week change helps put the 1 week change into context. The F1 EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year F1 over the last 12 weeks. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.
The Q1 EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter Q1 over the last 4 weeks. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date.
If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. The change is made all the more important the closer proximity it is to the stock's earnings date since it is generally believed that the most recent estimates are the most accurate since it's using the most up-to-date information leading up to the report.
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