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Sarcos Technology and Robotics Corporation (NASDAQ:STRC): -782.35% Off High, Can It Comeback?

In last trading session, Sarcos Technology and Robotics Corporation (NASDAQ:STRC) saw 0.26 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.19 trading at $0.08 or 7.21% at ring of the bell on the day assigns it a market valuation of $187.25M. That closing price of STRC’s stock is at a discount of -782.35% from its 52-week high price of $10.50 and is indicating a premium of 10.08% from its 52-week low price of $1.07. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.34 million shares which gives us an average trading volume of 391.47K if we extend that period to 3-months.

Sarcos Technology and Robotics Corporation (NASDAQ:STRC) trade information

Upright in the green during last session for gaining 7.21%, in the last five days STRC remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $1.19 price level, adding 8.46% to its value on the day. Sarcos Technology and Robotics Corporation’s shares saw a change of -88.08% in year-to-date performance and have moved -9.85% in past 5-day. Sarcos Technology and Robotics Corporation (NASDAQ:STRC) showed a performance of -35.33% in past 30-days. Number of shares sold short was 5.56 million shares which calculate 11.65 days to cover the short interests.

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Sarcos Technology and Robotics Corporation (STRC) estimates and forecasts

Statistics highlight that Sarcos Technology and Robotics Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -70.18% of value to its shares in past 6 months, showing an annual growth rate of -67.74% while that of industry is 14.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 68.60% in the current quarter and calculating 60.00% increase in the next quarter. This year revenue growth is estimated to rise 197.50% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $5.02 million for the same. And 3 analysts are in estimates of company making revenue of $6.29 million in the next quarter that will end on Dec 2022. Company posted $1.13 million and $1 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 344.60% while estimating it to be 526.50% for the next quarter.

STRC Dividends

Sarcos Technology and Robotics Corporation is more likely to be releasing its next quarterly report on November 08 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.

Sarcos Technology and Robotics Corporation (NASDAQ:STRC)’s Major holders

Insiders are in possession of 51.18% of company’s total shares while institution are holding 15.53 percent of that, with stock having share float percentage of 31.82%. Investors also watch the number of corporate investors in a company very closely, which is 15.53% institutions for Sarcos Technology and Robotics Corporation that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at STRC for having 5.45 million shares of worth $14.49 million. And as of Jun 29, 2022, it was holding 3.52% of the company’s outstanding shares.

The second largest institutional holder is General Electric Company, which was holding about 4.12 million shares on Sep 29, 2022. The number of shares represents firm’s hold over 2.66% of outstanding shares, having a total worth of $9.14 million.

On the other hand, BlackRock Global Allocation Fund and BlackRock Master Total Return Portfolio of Master Bond LLC are the top two Mutual Funds which own company’s shares. As of Jul 30, 2022, the former fund manager was holding 3.72 million shares of worth $12.48 million or 2.41% of the total outstanding shares. The later fund manager was in possession of 2.78 million shares on Jun 29, 2022, making its stake of worth around $7.41 million in the company or a holder of 1.80% of company’s stock.

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