Two Stocks you Can Bet on: AstraZeneca PLC (NYSE:AZN), Kite Pharma, Inc. (NASDAQ:KITE)

AstraZeneca PLC (NYSE:AZN) runs in leading trade, it increasing 1.03% to traded at $30.52. AZN attains analyst recommendation of 2.20 on scale of 1-5 with week’s performance of 3.25%.

AstraZeneca plc (AZN) released that its positive results from phase III SOLO-2 study which support the potential benefit of marketed drug Lynparza (olaparib) as a maintenance therapy in relapsed ovarian cancer. Lynparza was authorized in 2014 for the maintenance treatment of women with BRCA-mutated ovarian cancer. It is presently authorized in the EU and the U.S. for the given indication.

Meanwhile, AstraZeneca is evaluating the potential of Lynparza in other PARP dependent tumors. Currently, phase III studies on Lynparza are ongoing for several indications like gastric cancer and pancreatic cancer among others along with additional studies being planned. In fact, by 2020 AstraZeneca is aiming to bring six new cancer medicines to the market.

To find out the technical position of AZN, it holds price to book ratio of 5.20 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. It has forward price to earnings ratio of 15.52, and price to earnings ratio calculated as 22.08. The price to earnings growth ration calculated as 2.87. AZN is presenting price to cash flow of 13.08.

EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 23.80%, and looking further price to next year’s EPS is 7.66%. While take a short look on price to sales ratio, that was 3.36 and price to earning ration of 22.08 attracting passive investors.

Kite Pharma, Inc. (NASDAQ:KITE) kept active in under and overvalue discussion, KITE holds price to book ratio of 9.66 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation. The co is presenting price to cash flow as 10.87. On other hand, keeping in mind stable cash flows but few growth prospects make traders to value lower.

The firm has price volatility of 4.71% for a week and 5.78% for a month. Narrow down four to firm performance, its weekly performance was 3.13% and monthly performance was 54.66%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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