Surgalign Holdings Inc. (NASDAQ: SRGA) Has Dropped -54.06% So Far This Year. Does That Mean Trouble Ahead? – Marketing Sentinel
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Surgalign Holdings Inc. (NASDAQ: SRGA) Has Dropped -54.06% So Far This Year. Does That Mean Trouble Ahead?

During the last session, Surgalign Holdings Inc. (NASDAQ:SRGA)’s traded shares were 12.98 million, with the beta value of the company hitting 2.15. At the end of the trading day, the stock’s price was $1.47, reflecting an intraday loss of -8.12% or -$0.13. The 52-week high for the SRGA share is $3.97, that puts it down -170.07 from that peak though still a striking 0.68% gain since the share price plummeted to a 52-week low of $1.46. The company’s market capitalization is $164.17M, and the average intraday trading volume over the past 10 days was 1.56 million shares, and the average trade volume was 1.27 million shares over the past three months.

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Surgalign Holdings Inc. (SRGA) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. SRGA has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.12.

Surgalign Holdings Inc. (NASDAQ:SRGA) trade information

Surgalign Holdings Inc. (SRGA) registered a -8.12% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.12% in intraday trading to $1.47 this Thursday, 06/10/21, hitting a weekly high. The stock’s 5-day price performance is -13.02%, and it has moved by -16.00% in 30 days. Based on these gigs, the overall price performance for the year is -54.06%. The short interest in Surgalign Holdings Inc. (NASDAQ:SRGA) is 5.15 million shares and it means that shorts have 4.09 day(s) to cover.

The consensus price target of analysts on Wall Street is $4.71, which implies an increase of 68.79% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $8.00 respectively. As a result, SRGA is trading at a discount of -444.22% off the target high and -104.08% off the low.

Surgalign Holdings Inc. (SRGA) estimates and forecasts

Statistics show that Surgalign Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Surgalign Holdings Inc. (SRGA) shares have gone down -39.26% during the last six months, with a year-to-date growth rate less than the industry average at 5.88% against 14.30. In the rating firms’ projections, revenue will increase 6.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $24.8 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $28.82 million by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $48.74 million and $27.93 million respectively. In this case, analysts expect current quarter sales to shrink by -49.10% and then jump by 3.20% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -23.59%. While earnings are projected to return 26.40% in 2021, the next five years will return 15.00% per annum.

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SRGA Dividends

Surgalign Holdings Inc. is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Surgalign Holdings Inc. (NASDAQ:SRGA)’s Major holders

Surgalign Holdings Inc. insiders own 13.53% of total outstanding shares while institutional holders control 66.92%, with the float percentage being 77.39%. Blackrock Inc. is the largest shareholder of the company, while 139 institutions own stock in it. As of Mar 30, 2021, the company held over 6.5 million shares (or 5.89% of all shares), a total value of $14.18 million in shares.

The next largest institutional holding, with 6.45 million shares, is of Krensavage Asset Management, LLC’s that is approximately 5.84% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $14.06 million.

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Also, the Mutual Funds coming in first place with the largest holdings of Surgalign Holdings Inc. (SRGA) shares are Vanguard Total Stock Market Index Fund and Fidelity Strategic Advisors Small-Mid Cap Fund. Data provided on Mar 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 2.94 million shares. This amounts to just over 2.66 percent of the company’s overall shares, with a $6.4 million market value. The same data shows that the other fund manager holds slightly less at 2.61 million, or about 2.36% of the stock, which is worth about $6.36 million.

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