In the last trading session, 1,772,511 shares of the Surgalign Holdings, Inc.(NASDAQ:SRGA) were traded, and its beta was 2.42. Most recently the company’s share price was $2.53, and it changed around -$0.13 or -0.05% from the last close, which brings the market valuation of the company to $269.9 Million. SRGA currently trades at a discount to its 52-week high of $4.57, offering almost -80.63% off that amount. The share price’s 52-week low was $1.46, which indicates that the current value has risen by an impressive 42.29% since then. We note from Surgalign Holdings, Inc.’s average daily trading volume that its 10-day average is 1.97 Million shares, with the 3-month average coming to 1.57 Million.
Surgalign Holdings, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.7. 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, no body recommended SRGA as a Hold, whereas 7 deemed it a Buy, and no one rated it as Underweight. Surgalign Holdings, Inc. is expected to report earnings per share of -$0.32 for the current quarter.
Surgalign Holdings, Inc. (NASDAQ:SRGA): Trading Information
Although SRGA has showed a red trend with a performance of -4.89% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.95- on Tuesday, Feb 16 increased the stock’s daily price by 14.24%. The company’s shares are currently up 0.16% year-to-date, but still down -0.106 over the last five days. On the other hand, Surgalign Holdings, Inc. (NASDAQ:SRGA) is 0.2% up in the 30-day period. We can see from the shorts that 1.85 Million shares have been sold at a short interest cover period of 1.18 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bears needing to increase their stock price by 97.63% from its current value. Analyst projections state that SRGA is forecast to be at a low of $4 and a high of $8. In order for the stock price to hit the forecast high, the stock would need to surge +216.21% from its current level, while the stock would need to crash 58.1% from its current level to reach the projected low.
Surgalign Holdings, Inc. (SRGA) projections and forecasts
Surgalign Holdings, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +5.42 percent over the past six months and at a -331.25% annual growth rate that is well below the industry average of 7.5%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -100% in revenue this quarter, and will report a decline of -300% in the next quarter. The year-over-year growth rate is expected to be -41%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $26.1 Million in revenue for the current quarter. 6 analysts expect Surgalign Holdings, Inc. to make $25.24 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $80.07 Million and $75.3 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -67.4%. Forecasts for the next quarter put sales growth at -66.5%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -23.6%. Surgalign Holdings, Inc. earnings are expected to decrease by -287.5% in 2021, but the outlook is positive 15% per year for the next five years.
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Surgalign Holdings, Inc. (NASDAQ:SRGA)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 11.65% of Surgalign Holdings, Inc. shares, and 67.32% of them are in the hands of institutional investors. The stock currently has a share float of 76.2%. Surgalign Holdings, Inc. stock is held by 126 institutions, with Krensavage Asset Management, LLC being the largest institutional investor. By Sep 29, 2020, it held 7.65% of the shares, which is about 6.25 Million shares worth $11.31 Million.
Blackrock Inc., with 6.02% or 4.92 Million shares worth $10.78 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.