Given A -116.39% Drop From High, Can Soligenix Inc. (NASDAQ: SNGX) Quickly Recover? – Marketing Sentinel
Home  »  Technologies   »  Given A -116.39% Drop From High, Can Soligenix Inc...

Given A -116.39% Drop From High, Can Soligenix Inc. (NASDAQ: SNGX) Quickly Recover?

During the recent session, Soligenix Inc. (NASDAQ:SNGX)’s traded shares were 1.15 million, with the beta value of the company hitting 1.10. At the last check today, the stock’s price was $0.61, reflecting an intraday gain of 1.07% or $0.01. The 52-week high for the SNGX share is $1.32, that puts it down -116.39 from that peak though still a striking 37.7% gain since the share price plummeted to a 52-week low of $0.38. The company’s market capitalization is $27.51M, and the average trade volume was 130.71K shares over the past three months.

Soligenix Inc. (SNGX) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.50. SNGX has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 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 -$0.07.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

Soligenix Inc. (NASDAQ:SNGX) trade information

Soligenix Inc. (SNGX) registered a 1.07% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.07% in intraday trading to $0.61 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 8.27%, and it has moved by 14.87% in 30 days. Based on these gigs, the overall price performance for the year is -47.49%.

The consensus price target of analysts on Wall Street is $3.75, which implies an increase of 83.73% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.75 and $3.75 respectively. As a result, SNGX is trading at a discount of -514.75% off the target high and -514.75% off the low.

Soligenix Inc. (SNGX) estimates and forecasts

Statistics show that Soligenix Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Soligenix Inc. (SNGX) shares have gone down -17.86% during the last six months, with a year-to-date growth rate more than the industry average at 12.90% against 1.00. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -16.70% this quarter and then drop -40.00% in the quarter after that. In the rating firms’ projections, revenue will decrease 0.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $100k as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $100k by the end of Jun 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $360k and $540k respectively. In this case, analysts expect current quarter sales to shrink by -72.20% and then drop by -81.50% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.60%. While earnings are projected to return 51.40% in 2022, the next five years will return 1.00% per annum.

SNGX Dividends

Soligenix Inc. is due to release its next quarterly earnings between March 28 and April 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Soligenix Inc. (NASDAQ:SNGX)’s Major holders

Soligenix Inc. insiders own 0.30% of total outstanding shares while institutional holders control 8.10%, with the float percentage being 8.13%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 37 institutions own stock in it. As of Dec 30, 2021, the company held over 1.64 million shares (or 3.83% of all shares), a total value of $1.08 million in shares.

The next largest institutional holding, with 0.44 million shares, is of Knoll Capital Management, LLC’s that is approximately 1.02% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $0.29 million.

Also, the Mutual Funds coming in first place with the largest holdings of Soligenix Inc. (SNGX) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.22 million shares. This amounts to just over 2.84 percent of the company’s overall shares, with a $0.8 million market value. The same data shows that the other fund manager holds slightly less at 0.4 million, or about 0.94% of the stock, which is worth about $0.27 million.

Leave a Comment

Your email address will not be published.

On Key

Related Posts

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]