In today’s recent session, 1,098,989 shares of the Selecta Biosciences, Inc.(NASDAQ:SELB) have been traded, and its beta is 1.15. Most recently the company’s share price was $4.8, and it changed around $0.11 or 0.02% from the last close, which brings the market valuation of the company to $522.87 Million. SELB at last check was trading at a discount to its 52-week high of $5.7, offering almost -18.75% off that amount. The share price’s 52-week low was $1.42, which indicates that the recent value has risen by an impressive 70.42% since then. We note from Selecta Biosciences, Inc.’s average daily trading volume that its 10-day average is 1.83 Million shares, with the 3-month average coming to 2.1 Million.
Selecta Biosciences, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.1. If we narrow it down even further, the data shows that none out of 7 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 2 recommended SELB as a Hold, whereas 5 deemed it a Buy, and no one rated it as Underweight. Selecta Biosciences, Inc. is expected to report earnings per share of -$0.12 for the current quarter.
Selecta Biosciences, Inc. (NASDAQ:SELB): Trading Information Today
Instantly SELB has been showing a green trend so far today with a performance of 2.35% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $5.06- on Wednesday, Feb 17 increased the stock’s daily price by 3.93%. The company’s shares are currently up 0.6% year-to-date, but still up 0.0588 over the last five days. On the other hand, Selecta Biosciences, Inc. (NASDAQ:SELB) is 0.41% up in the 30-day period. We can see from the shorts that 6.78 Million shares have been sold at a short interest cover period of 3.23 day(s).
The consensus price target as assigned by Wall Street analysts is $7.08, which translates to bears needing to increase their stock price by 47.5% from its current value. Analyst projections state that SELB is forecast to be at a low of $2 and a high of $13. In order for the stock price to hit the forecast high, the stock would need to surge +170.83% from its current level, while the stock would need to crash -58.33% from its current level to reach the projected low.
Selecta Biosciences, Inc. (SELB) projections and forecasts
Selecta Biosciences, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +75.66 percent over the past six months and at a 47.54% annual growth rate that is well above the industry average of 14%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +57.1% in revenue this quarter, and will report an increase of 47.6% in the next quarter. The year-over-year growth rate is expected to be 68.2%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $6.37 Million in revenue for the current quarter. 5 analysts expect Selecta Biosciences, Inc. to make $6.57 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarter a year ago was $6.65 Million. Analysts predict that the company’s current quarter sales will drop, forecast at -4.3%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.1%. Selecta Biosciences, Inc. earnings are expected to increase by 58.4% in 2021, but the outlook is negative 0% per year for the next five years.
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Selecta Biosciences, Inc. (NASDAQ:SELB)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 26.03% of Selecta Biosciences, Inc. shares, and 64.41% of them are in the hands of institutional investors. The stock currently has a share float of 87.08%. Selecta Biosciences, Inc. stock is held by 108 institutions, with BVF Inc. being the largest institutional investor. By Sep 29, 2020, it held 7.83% of the shares, which is about 8.46 Million shares worth $20.98 Million.
Mangrove Partners, with 5.36% or 5.79 Million shares worth $14.35 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.