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Surface Oncology Inc. (NASDAQ:SURF) fall -214.00% In 2022; How Attractive Is It At $0.98?

In last trading session, Surface Oncology Inc. (NASDAQ:SURF) saw 0.34 million shares changing hands with its beta currently measuring 1.70. Company’s recent per share price level of $0.98 trading at -$0.01 or -0.70% at ring of the bell on the day assigns it a market valuation of $61.69M. That closing price of SURF’s stock is at a discount of -510.2% from its 52-week high price of $5.98 and is indicating a premium of 6.12% from its 52-week low price of $0.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.28 million shares which gives us an average trading volume of 382.13K if we extend that period to 3-months.

For Surface Oncology Inc. (SURF), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.47 in the current quarter.

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Surface Oncology Inc. (NASDAQ:SURF) trade information

Upright in the red during last session for losing -0.70%, in the last five days SURF remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $0.98 price level, adding 14.04% to its value on the day. Surface Oncology Inc.’s shares saw a change of -79.50% in year-to-date performance and have moved -14.03% in past 5-day. Surface Oncology Inc. (NASDAQ:SURF) showed a performance of -0.34% in past 30-days. Number of shares sold short was 1.45 million shares which calculate 5.08 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $5.40 to the stock, which implies a rise of 81.85% to its current value. Analysts have been projecting $3.00 as a low price target for the stock while placing it at a high target of $6.00. It follows that stock’s current price would drop -512.24% in reaching the projected high whereas dropping to the targeted low would mean a loss of -206.12% for stock’s current value.

Surface Oncology Inc. (SURF) estimates and forecasts

Statistics highlight that Surface Oncology Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -45.25% of value to its shares in past 6 months, showing an annual growth rate of 38.98% while that of industry is 3.10. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -6.80% in the current quarter and calculating 21.20% increase in the next quarter. This year revenue growth is estimated to rise 1,114.40% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $80k for the same. And 5 analysts are in estimates of company making revenue of $3.08 million in the next quarter that will end on Dec 2022. Company posted $392k and $154k of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -79.60% while estimating it to be 1,900.00% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -21.80% during past 5 years.

SURF Dividends

Surface Oncology Inc. is more likely to be releasing its next quarterly report between November 02 and November 07 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.

Surface Oncology Inc. (NASDAQ:SURF)’s Major holders

Insiders are in possession of 0.56% of company’s total shares while institution are holding 55.72 percent of that, with stock having share float percentage of 56.03%. Investors also watch the number of corporate investors in a company very closely, which is 55.72% institutions for Surface Oncology Inc. that are currently holding shares of the company. ARK Investment Management, LLC is the top institutional holder at SURF for having 6.04 million shares of worth $6.28 million. And as of Sep 29, 2022, it was holding 10.40% of the company’s outstanding shares.

The second largest institutional holder is EcoR1 Capital, LLC, which was holding about 4.65 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 8.02% of outstanding shares, having a total worth of $7.63 million.

On the other hand, ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 6.04 million shares of worth $6.28 million or 10.40% of the total outstanding shares. The later fund manager was in possession of 1.27 million shares on Jun 29, 2022, making its stake of worth around $2.08 million in the company or a holder of 2.19% of company’s stock.

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