On November 29, 2019, IsoRay, Inc. (NYSE:ISR) shares gained 14.16% or 0.07 points to close at $0.6 with a heavy trading volume of 1.557 million shares. It opened the trading session at $0.55, the shares rose to $0.63 and dropped to $0.53, the range by which the price of stock traded the whole day. The company now has a market cap of $40.43 million and currently has 67.39 million outstanding shares. IsoRay, Inc. (ISR) stock has accumulated 93.55 percent of market value in 21 trading days.
ISR stock’s trailing 3-year beta is 1.68, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was -$0.07 share in the trailing 52 weeks. The stock’s value surged 100 percent year to date (YTD) compared to a rise of 42.86 percent in 52 week’s period. The firm’s shares are still trading 13.21 percent below its 1-year high of $0.53 and 122.97 percent up from 52-week low of $0.27. The average consensus ranking on the company is 2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
IsoRay, Inc. (ISR) is most likely going to rise 70 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $1.35-month high price target. This represents a whopping 125 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $1, which means a return possibility of 66.67 percent in comparison with the closing price of the stock of $0.6 on November 29. The lowest price set for the stock is $0.7 — just above 16.67 percent from ISR share price now.
Past records have indicated that shares in IsoRay, Inc. declined on 8 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.
Let’s take a glimpse at some insider activity at IsoRay, Inc. (NYSE:ISR) and observe the pattern. The earliest insider trade happened on 11/20/2019. Krachon Michael gathered a total of 50 thousand shares of the firm at average share price of $0.39. The total amount for the purchase was set at $19.5 thousand. On completing this exchange, the VP of Sales & Marketing account balance was 105 thousand shares. The stock grew 53.85 percent from that insider purchase. On 11/15/2019, Cavanagh William, Chief R&D Officer, did a purchase of 10 thousand shares at a price of $0.39 per share. This increased 3.9 thousand shares to the insider’s fortune and the stock experienced a 53.85 percent rally in price since the news became public. This exchange saw 20 thousand shares get into the Chief R&D Officer account.
On 11/15/2019, CEO Woods Lori A recorded a purchase transaction valued at $60 thousand. The purchase at $0.4 a share has added 150 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed 50 percent increase since the transaction reporting date. The company insider is left with 280 thousand shares remaining in the account. Hoffmann Alan, who works as Director at the company, performed a purchase of 25 thousand shares in a transaction worth $10 thousand. The acquisition recorded on 11/20/2018 was priced at $0.4 per share. The stock price soared 50 percent since the transaction. Hoffmann Alan currently holds a stake of 45 thousand in ISR stock which is worth $27 thousand after the insider buying.
The stock is lingering around the initial support level of $0.54. After this, the following support is at the zone of $0.49. Up until the time the ISR stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 92.1 on the daily chart, and this may be a cause for concern. In case the price goes below $0.49 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $0.64 level may cause a pull-back move approaching $0.68 mark.
The industry ISR deals with has an average P/E of 55.8. Its P/B ratio is standing at 5.8X compared to the 4.2 industry average. It is additionally sporting a 5 on the Price-to-Sales ratio, compared to the industry’s P/S average of 5.1. IsoRay, Inc. has a 46.6% gross profit margin, with its operating margin around -57.5%. Alongside this, the company’s net profit margin currently stands at -55.3%.