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Science 37 Holdings Inc. (NASDAQ: SNCE) Shares Lost -$0.02 After Investor Confidence Dipped

Science 37 Holdings Inc. (NASDAQ:SNCE) has seen 1.74 million shares traded in the last trading session. The company, currently valued at $46.63M, closed the last trade at $0.42 per share which meant it lost -$0.02 on the day or -3.76% during that session. The SNCE stock price is -2273.81% off its 52-week high price of $9.97 and 23.81% above the 52-week low of $0.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.35 million shares traded. The 3-month trading volume is 340.16K shares.

The consensus among analysts is that Science 37 Holdings Inc. (SNCE) is an Overweight stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.18.

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Science 37 Holdings Inc. (NASDAQ:SNCE) trade information

Sporting -3.76% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the SNCE stock price touched $0.42 or saw a rise of 4.55%. Year-to-date, Science 37 Holdings Inc. shares have moved 1.66%, while the 5-day performance has seen it change -0.26%. Over the past 30 days, the shares of Science 37 Holdings Inc. (NASDAQ:SNCE) have changed 1.44%. Short interest in the company has seen 2.24 million shares shorted with days to cover at 6.76.

Wall Street analysts have a consensus price target for the stock at $3.00, which means that the shares’ value could jump 86.0% from current levels. The projected low price target is $2.00 while the price target rests at a high of $5.00. In that case, then, we find that the current price level is -1090.48% off the targeted high while a plunge would see the stock gain -376.19% from current levels.

Science 37 Holdings Inc. (SNCE) estimates and forecasts

Figures show that Science 37 Holdings Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -77.18% over the past 6 months, with this year growth rate of 56.25%, compared to 4.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 94.10% and 31.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 35.40%.

5 analysts offering their estimates for the company have set an average revenue estimate of $19.86 million for the current quarter. 5 have an estimated revenue figure of $22.84 million for the next quarter concluding in Dec 2022. Year-ago sales stood $13.09 million and $20.38 million respectively for this quarter and the next, and analysts expect sales will grow by 51.70% for the current quarter and 12.10% for the next.

SNCE Dividends

Science 37 Holdings Inc. is expected to release its next earnings report between March 20 and March 24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Science 37 Holdings Inc. (NASDAQ:SNCE)’s Major holders

Insiders own 22.15% of the company shares, while shares held by institutions stand at 58.72% with a share float percentage of 75.43%. Investors are also buoyed by the number of investors in a company, with Science 37 Holdings Inc. having a total of 101 institutions that hold shares in the company. The top two institutional holders are Redmile Group, LLC with over 19.81 million shares worth more than $39.81 million. As of Jun 29, 2022, Redmile Group, LLC held 17.02% of shares outstanding.

The other major institutional holder is RTW Investments LP, with the holding of over 4.29 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $8.62 million and represent 3.69% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Jun 29, 2022, the former fund manager holds about 1.62% shares in the company for having 1.88 million shares of worth $3.78 million while later fund manager owns 1.27 million shares of worth $2.04 million as of Sep 29, 2022, which makes it owner of about 1.09% of company’s outstanding stock.

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