Biotech Stocks : Are You A Trader Or A Longer Term Investor?

By Rod Raynovitch of Raygent.com
Tuesday, October 1, 2024 1:42 PM EST

Dna, Genetic Material, Helix, Proteins, Biology

Image Source: Unsplash


BIOTECH SMID Trading List

  • Tracking ETFs: ARGX, IBB, and XBI performance are indicative of “risk-off /on” momentum.
  • Biotech Bull market is intact as indicated by large cap biopharma and best performing Funds: FBIOX, JFNAX  and PRHSX.
  • Biotech stocks can rally from here if SMID stocks can move ahead with fresh funding and more M&A.

If you have been reading our articles you’ll remember we started gathering data on SMID (small and mid) cap life science stocks that were trading on MOMENTUM. The list below summarizes these stocks that have been screened for core technology,  balance sheet strength and analyst coverage. Eventually we hope to track these stocks with an algorithm since they move quickly on company and market  news. Keep in mind that SMID biotech stocks are volatile so that even in the current bull market stock prices can swing wildly. And since many companies are at the clinical development stage they are difficult to value on classical metrics like market cap, revenues and cash position. Most of these companies are not profitable.

And that is why we ask rhetorically if you: “Are an investor or a trader?”. Experienced biotech traders with some basic informtion on these SMID life science stocks can profit on short term trades but our goal is to identify companies that have longer term potential.


TOP WINNERS  LIfe Science Trading List

Data as of 9/29/24

Month To Date %

  1. CorMedix (CRMD) 30.47
  2. NovaVAX (NVAX) 19.28
  3. Pacific Bioscience (PACB) 19.05
  4. Denali (DNLI) 17.86
  5. Adaptive Biotechnologies (ADPT) 7.76

OTHERS in green for current MTD: Immatics (IMTX), Quidel-Ortho (QDEL), Natera (NTRA), Rezolute (RZLT), Veracyte (VCYT).

TOP WINNERS YTD %

  1. Avidity Sciences (RNA) 368
  2. Novavax (NVAX) 177
  3. Geron (GERN) 116
  4. Natera (NTRA) 63
  5. Crenetics (CRNA)42
  6. Denali (DNLI) 37
  7. Twist Bioscience (TWST) 25.85
  8. Catalyst (CPRX) 16.36
  9. Evolent Health 11.29

Others in green YTD: Tempus AI (TEM),Twist Bioscience  (TWST),Veracyte (VCYT,) Viacel (VCEL).

If you don’t feel you have the experience for stock picking or trading there are life science mutual funds that are doing well this year. The XLV I at $153.43 is up 12.53% YTD.

RAYNO LIFE SCIENCE SMID Trading LIST (not a buy list)

                      YTD 9/29/24 %YTD %MTD  
                               
                               
COMPANY Ticker                            
            P       P % P % %  
    P 1/20/23 Initial 2/4/23   12/24/23   YTD %   4/8/24 % 9/29/24 YTD MTD  
Adaptive BiioTech ADPT     4.11   5       2.6 -46.94 5 2.04 7.76  
Acumen Therap ABOS     5.29   3.57   -33.89   3.17 -17.45 2.48 -35.42 -11.74  
Avidity Sciences RNA new 7/1/24             25   42.33 368 -3.19  
Catalyst Pharma CPRX     16.1   16.58   -10.86   14.89 11.42 19.56 16.36 -4.45  
Caribou Biosci CRBU     6.29   6.17   -0.175   3.71 -35.25 1.98 -65.45 -8.33  
CorMedix CRMD         3.9       5.31 41.22 8.05 114.1 30.47  
Crenetics CRNX                 42.12 18.38 50.75 42.64 -6.83  
CRSPR Therap CRSP 49.61 -25 55.27   63.67   56.63   53.91 -13.88 47.32 -24.41 -1.91  
Cryoport CYRX 21.75 -42.34 25.24   16.09   -7.26   16.38 5.75 8 -48.35 -9.4  
Cytokinetics CYTK         31       65.34 -21.74 52.34 -37.31 -6.28  
Denali DNLI     22           19.21 -9 29.43 37.14 17.86  
Exelixis EXEL     22.25           23.75 -1.21 25.96 8.21 0.89  
Evolent Health EVH 30.83 13.74 31.96   32.08   14.25   27.65 -16.29 29.3 11.29 -7.69  
Geron GERN 3.19 9.24 3.22   2.29   -5.37   3.79 79.62 4.57 116.59 -1.93  
Humacyte HUMA new 8/1/24 8.25               5.58 96.48 -16.2  
Intelllia NTLA                 25.5   21 -31.12 -8.46  
Immatics IMTX     9.3   9.9   13.66   10 -4.94 11.73 11.4 7.32  
Natera NTRA         60       91.66 46.33 125.72 63.08 4.53  
Pacific Biosci PACB 11.29 55.68 11.58   8.59   5   1.47 -85 1.75 -82.16 19.05  
Novavax NVAX                 3.67 – 13.3 177 19.28  
Quidel-Ortho QDEL new 9/16/24 44               45.56 -38.2 2.75  
Recursion Pharm RXRX         10.75       8.12 -17.65 6.98 -29.21 -8.28  
Rezolute RZLT new 7/8/24 4.25               4.98 401.51 3.97  
Roivant ROIV         11.4       11.03 -1.78 11.48 2.23 -3.12  
Supernus SUPN 40.3 12.3 41.61   29.23   -18.05   30.07 3.9 30.75 6.25 -11.89  
Tempest AI TEM new 7/10/24 52               53.84 33.76 -21.37  
Twist Biosci TWST     18   3.76   34.03   31.54 -14.53 46.39 25.85 2.81  
10x Genomics TXG     47.84   56.58   55.27   27.59 -50.79 22.67 -59.49 0.44  
                               
Vericel VCEL     31   34.75   31.93   46.05 29.32 43.19 21.29 -19.36  
Veracyte VCYT 24.89 39.43 26.67   28.27   19.13   19.31 -29.81 33.77 22.76 5.53  
                               
SPDR Biotech XBI 86.99 14.75 90.39   87.62   5.57   83.49 -6.51 98.43 10.24 -2.61  
iShares BIO IBB         133.77   -1.89   132.51 -2.48 144.9 6.66 -2.01  
HealthcareSPDR XLV         135.02   –   143.22 5.02 153.02 12.2 -1.66  
iShares MedTEch IHI         53.65   57.3   6.17 55.79 58.75 8.86 0.62  
                               
ArkGenomics ARKG     35.28   32.81   16.22   23.18 -29.35 25.63 -21.88 -4.22  
                               
T.RowePrice PRHSX         86.84   -3.32   92.49 5.22 99.78 13.52 -2.23  
FidoSelBiotech FBIOX         1763           21.06 18.12 -1.03  
FIdoMedTech FSMEX         61.77       64.23   67.63 9.15 1.99  
                               
                               
                               
                      –      

More By This Author:

A Biotech Breakout Will Be Led By Small Caps
Biotech And Life Science Sector Update Summer Of 2024
Biotech Bull Market: 3 Ways To Play It
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