SomaLogic Inc. (NASDAQ:SLGC) Is Currently -58.11% Below Its 52-Week High, But Downside Potential Could Surprise You. – Marketing Sentinel
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SomaLogic Inc. (NASDAQ:SLGC) Is Currently -58.11% Below Its 52-Week High, But Downside Potential Could Surprise You.

In last trading session, SomaLogic Inc. (NASDAQ:SLGC) saw 0.57 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $9.31 trading at -$0.01 or -0.11% at ring of the bell on the day assigns it a market valuation of $1.83B. That closing price of SLGC’s stock is at a discount of -58.11% from its 52-week high price of $14.72 and is indicating a premium of 0.54% from its 52-week low price of $9.26. Taking a look at company’s average trading volume of 1.09 million if we extend that period to 3-months.

SomaLogic Inc. (NASDAQ:SLGC) trade information

Upright in the red during last session for losing -0.11%, in the last five days SLGC remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $9.31 price level, adding 14.27% to its value on the day. SomaLogic Inc.’s shares saw a change of -20.02% in year-to-date performance and have moved -6.24% in past 5-day. SomaLogic Inc. (NASDAQ:SLGC) showed a performance of -19.95% in past 30-days.

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Wall Street analysts have assigned a consensus price target of $17.67 to the stock, which implies a rise of 47.31% to its current value. Analysts have been projecting $16.00 as a low price target for the stock while placing it at a high target of $19.00. It follows that stock’s current price would drop -104.08% in reaching the projected high whereas dropping to the targeted low would mean a loss of -71.86% for stock’s current value.

SomaLogic Inc. (SLGC) estimates and forecasts

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $19.77 million for the same. And 3 analysts are in estimates of company making revenue of $23.33 million in the next quarter that will end on Mar 2022.

SLGC Dividends

SomaLogic Inc. is more likely to be releasing its next quarterly report on November 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

SomaLogic Inc. (NASDAQ:SLGC)’s Major holders

Insiders are in possession of 13.77% of company’s total shares while institution are holding 43.38 percent of that, with stock having share float percentage of 50.31%. Investors also watch the number of corporate investors in a company very closely, which is 43.38% institutions for SomaLogic Inc. that are currently holding shares of the company. Casdin Capital, LLC is the top institutional holder at SLGC for having 12.39 million shares of worth $153.5 million. And as of Sep 29, 2021, it was holding 6.84% of the company’s outstanding shares.

The second largest institutional holder is ARK Investment Management, LLC, which was holding about 6.33 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 3.50% of outstanding shares, having a total worth of $78.48 million.

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On the other hand, ARK ETF Tr-ARK Genomic Revolution ETF and Price (T.Rowe) New Horizons Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 7.5 million shares of worth $95.46 million or 4.14% of the total outstanding shares. The later fund manager was in possession of 0.83 million shares on Sep 29, 2021, making its stake of worth around $10.32 million in the company or a holder of 0.46% of company’s stock.

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