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Seres Therapeutics Inc. Shares Fall -0.7% From The Lows – But Will They Continue?

In last trading session, Seres Therapeutics Inc. (NASDAQ:MCRB) saw 4.06 million shares changing hands with its beta currently measuring 2.62. Company’s recent per share price level of $2.86 trading at -$0.1 or -3.38% at ring of the bell on the day assigns it a market valuation of $367.82M. That closing price of MCRB’s stock is at a discount of -231.82% from its 52-week high price of $9.49 and is indicating a discount of -0.7% from its 52-week low price of $2.88. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.12 million shares which gives us an average trading volume of 2.30 million if we extend that period to 3-months.

For Seres Therapeutics Inc. (MCRB), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 7 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 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 -$0.5 in the current quarter.

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Seres Therapeutics Inc. (NASDAQ:MCRB) trade information

Upright in the red during last session for losing -3.38%, in the last five days MCRB remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $2.86 price level, adding 11.73% to its value on the day. Seres Therapeutics Inc.’s shares saw a change of -48.93% in year-to-date performance and have moved -11.46% in past 5-day. Seres Therapeutics Inc. (NASDAQ:MCRB) showed a performance of -17.10% in past 30-days. Number of shares sold short was 20.23 million shares which calculate 9.15 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $9.83 to the stock, which implies a rise of 70.91% to its current value. Analysts have been projecting $4.00 as a low price target for the stock while placing it at a high target of $15.00. It follows that stock’s current price would drop -424.48% in reaching the projected high whereas dropping to the targeted low would mean a loss of -39.86% for stock’s current value.

Seres Therapeutics Inc. (MCRB) estimates and forecasts

Statistics highlight that Seres Therapeutics Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -48.93% of value to its shares in past 6 months, showing an annual growth rate of 50.65% while that of industry is 12.00. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -2.00% in the current quarter and calculating 13.00% increase in the next quarter. This year revenue growth is estimated to rise 1,731.40% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.87 million for the same. And 6 analysts are in estimates of company making revenue of $2.7 million in the next quarter that will end on Dec 2023. Company posted $7 million and $1 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -73.30% while estimating it to be 168.70% 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 -0.90% during past 5 years.

MCRB Dividends

Seres Therapeutics Inc. is more likely to be releasing its next quarterly report between October 31 and November 06 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.

Seres Therapeutics Inc. (NASDAQ:MCRB)’s Major holders

Insiders are in possession of 6.75% of company’s total shares while institution are holding 80.44 percent of that, with stock having share float percentage of 86.26%. Investors also watch the number of corporate investors in a company very closely, which is 80.44% institutions for Seres Therapeutics Inc. that are currently holding shares of the company. Flagship Pioneering Inc. is the top institutional holder at MCRB for having 23.12 million shares of worth $66.11 million. And as of Jun 29, 2023, it was holding 18.03% of the company’s outstanding shares.

The second largest institutional holder is FMR, LLC, which was holding about 19.19 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 14.96% of outstanding shares, having a total worth of $54.87 million.

On the other hand, Federated Hermes Kaufmann Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF are the top two Mutual Funds which own company’s shares. As of Apr 29, 2023, the former fund manager was holding 10.52 million shares of worth $30.07 million or 8.20% of the total outstanding shares. The later fund manager was in possession of 6.73 million shares on Jul 30, 2023, making its stake of worth around $19.25 million in the company or a holder of 5.25% of company’s stock.

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