These Stocks Have Become An Attractive Value Play: Odonate Therapeutics, Inc. (ODT), IT Tech Packaging, Inc. (ITP)

2 analysts out of 2 Wall Street brokerage firms rate Odonate Therapeutics, Inc. (NASDAQ:ODT) as a Buy, while 0 see it as a Sell. The rest 0 describe it as a Hold. ODT stock traded higher to an intra-day high of $21.81. At one point in session, its potential discontinued and the price was down to lows at $19.2601. Analysts have set ODT’s consensus price at $29, effectively giving it a 33.52% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $31 (up 42.73% from current price levels). ODT has a -55.9% ROE, lower than the 13.18% average for the industry. The average ROE for the sector is 13.04%.

It is expected that in Mar 2019 quarter ODT will have an EPS of $-1.24, suggesting a -79.71% growth. For Jun 2019 is projected at $-1.27. It means that there could be a -60.76% growth in the quarter. Yearly earnings are expected to rise by -25.27% to about $-4.56. As for the coming year, growth will be about 1.1%, lifting earnings to $-4.51. RSI after the last trading period was 79.1. ODT recorded a change of 25.12% over the past week and returned 42.61% over the last three months while the ODT stock’s monthly performance revealed a shift in price of 29.36%. The year to date (YTD) performance stands at 54.26%, and the bi-yearly performance specified an activity trend of 16.03% while the shares have moved -23.36% for the past 12 months.

Odonate Therapeutics, Inc. (ODT) currently trades at $21.72, which is higher by 11.44% its previous price. It has a total of 25.16 million outstanding shares, with an ATR of around 1.04. The company’s stock volume dropped to 0.25 million, worse than 66.53 million that represents its 50-day average. A 5-day increase of about 25.12% in its price means ODT is now 54.26% higher on year-to-date. The shares have surrendered $43440.28 since its $29.31 52-week high price recorded on 11th of June 2018. Overall, it has seen a growth rate of -23.36 over the last 12 months. The current price per share is $10.18 above the 52 week low of $11.54 set on 28th of December 2018.

IT Tech Packaging, Inc. (NYSE:ITP) shares appreciated 8.07% over the last trading period, taking overall 5-day performance up to 35.86%. ITP’s price now at $0.95 is greater than the 50-day average of $0.7. Getting the trading period increased to 200 days, the stock price was seen at $0.83 on average. The general public currently hold control of a total of 16.3 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 20.67 million. The company’s management holds a total of 25.5%, while institutional investors hold about 1.8% of the remaining shares. ITP share price finished last trade 29.05% above its 20 day simple moving average and its upbeat gap from 200 day simple moving average is 13.57%, while closing the session with 36.51% distance from 50 day simple moving average.

IT Tech Packaging, Inc. (ITP) shares were last observed trading -27.95% down since March 21, 2018 when the peak of $1.32 was hit. Last month’s price growth of 39.85% puts ITP performance for the year now at 50.36%. Consequently, the shares price is trending higher by 61.19%, a 52-week worst price since Jan. 04, 2019. However, it is regaining value with 10.57% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $0.84 and $0.9. The immediate resistance area is now $0.98 Williams’s %R (14) for ITP moved to 0 while the stochastic %K points at 96.81.