LPTX Stock Summary and Trading Ideas (Leap Therapeutics | NASDAQ:LPTX)

Leap Therapeutics Inc is in developing targeted antibody therapies for cancer treatment, focusing on inhibiting tumor-promoting pathways, targeting cancer-specific cell surface molecules, and activating the immune system against cancer cells. The company's lead program, DKN-01, targets Dickkopf-related protein 1 (DKK1) and is in clinical trials for esophagogastric, gynecologic, and colorectal cancers. Their second program, FL-301, targets Claudin18.2-expressing cells. Additionally, the company has two preclinical antibody programs, FL-302 and FL-501, aimed at developing transformative cancer treatments. Operating as a single segment, the company's sole focus is on developing innovative drugs to address unmet needs in cancer therapy. .

Leap Therapeutics trades on the NASDAQ stock market under the symbol LPTX.

As of April 19, 2024, LPTX stock price declined to $2.80 with 199,161 million shares trading.

LPTX has a beta of 3.95, meaning it tends to be more sensitive to market movements. LPTX has a correlation of 0.12 to the broad based SPY ETF.

LPTX has a market cap of $71.68 million. This is considered a Micro Cap stock.

In the last 3 years, LPTX stock traded as high as $41.70 and as low as $1.24.

The top ETF exchange traded funds that LPTX belongs to (by Net Assets): VTI, PINK, VXF, DFAT, AVSC.

LPTX has underperformed the market in the last year with a return of -27.2%, while the SPY ETF gained +21.2%. In the last 3 month period, LPTX fell short of the market, returning -12.5%, while SPY returned +4.3%. However, in the most recent 2 weeks LPTX has outperformed the stock market by returning +11.6%, while SPY returned -3.5%.

LPTX support price is $2.71 and resistance is $3.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LPTX stock will trade within this expected range on the day.