During the last session, Sutro Biopharma, Inc. (NASDAQ:STRO)’s traded shares were 552,747, with the beta value of the company hitting 0. At the end of the trading day, the stock’s price was $27.54, reflecting an intraday gain of 5.24% or $1.37. The 52-week high for the STRO share is $28.09, that puts it down -2% from that peak though still a striking +78.21% gain since the share price plummeted to a 52-week low of $6. The company’s market capitalization is $1.26 Billion, and the average intraday trading volume over the past 10 days was 533.59 Million shares, and the average trade volume was 605.35 Million shares over the past three months.

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Sutro Biopharma, Inc. (STRO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.6. STRO has a Sell rating from none of the analyst(s) out of 8 analysts who have looked at this stock. Neither of the analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 8 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.57.

Sutro Biopharma, Inc. (NASDAQ:STRO): Trading Information

Sutro Biopharma, Inc. (STRO) registered a 5.24% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.96% in intraday trading to $28.09 this Tuesday, Jan 19, hitting a weekly high. The stock’s 5-day price performance is 6.21%, and it has moved by 24.45% in 30 days. Based on these gigs, the overall price performance for the year is 26.85%. The short interest in Sutro Biopharma, Inc. (NASDAQ:STRO) is 1.12 Million shares and it means that shorts have 0 day(s) to cover.

The consensus price target of analysts on Wall Street is $29.29, which implies an increase of 6.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $21 and $35 respectively. As a result, STRO is trading at a discount of 27.09% off the target high and -23.75% off the low.

Sutro Biopharma, Inc. (STRO) projections and forecasts

Statistics show that Sutro Biopharma, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Sutro Biopharma, Inc. (STRO) shares have gone up +235.04% during the last six months, with a year-to-date growth rate more than the industry average at 107.41% against 14.6%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 10.9% this quarter and then jump 22.6% in the quarter after that. In the rating firms’ projections, revenue will decline -0.2% compared to the previous financial year.

Revenue for the current quarter is expected to be $9.45 Million as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $7.52 Million by the end of March 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $11.3 Million and $7.15 Million respectively. In this case, analysts expect current quarter sales to lessen by -16.4% and then jump by 5.1% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return -57.1% in 2021, the next five years will return 0% per annum.


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Sutro Biopharma, Inc. (NASDAQ:STRO)’s Biggest Investors

Sutro Biopharma, Inc. insiders own 11.11% of total outstanding shares while institutional holders control 88.44%, with the float percentage being 99.49%. EcoR1 Capital, LLC is the largest shareholder of the company, while 143 institutions own stock in it. As of Sep 29, 2020, the company held over 3.11 Million shares (or 8.07% of all shares), a total value of $31.29 Million in shares.

The next largest institutional holding, with 3.09 Million shares, is of BVF Inc.’s that is approximately 8% of outstanding shares. At the market price on Sep 29, 2020, these shares were valued at $31.03 Million.

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