Seer Inc (NASDAQ: SEER) Stock Has Dropped -13.99% Over The Month – Is There Room For Growth?

Seer Inc (NASDAQ:SEER)’s traded shares stood at 0.67 million during the last session, with the company’s beta value hitting 1.61. At the close of trading, the stock’s price was $1.66, to imply a decrease of -5.14% or -$0.09 in intraday trading. The SEER share’s 52-week high remains $5.65, putting it -240.36% down since that peak but still an impressive 12.05% since price per share fell to its 52-week low of $1.46. The company has a valuation of $107.52M, with an average of 463.77K shares over the past 3 months.

Seer Inc (NASDAQ:SEER) trade information

After registering a -5.14% downside in the last session, Seer Inc (SEER) has traded red over the past five days. The stock hit a weekly high of 1.9400, dropping -5.14% in its intraday price action. The 5-day price performance for the stock is -9.78%, and -13.99% over 30 days. With these gigs, the year-to-date price performance is -14.43%.

Seer Inc (SEER) estimates and forecasts

Looking at statistics comparing Seer Inc share performance against respective industry, we note that the company has underperformed competitors. Seer Inc (SEER) shares are -11.23% down over the last 6 months, with its year-to-date growth rate lower than industry average at 9.63% against 13.30%. Revenue is forecast to grow 21.10% this quarter before jumping 16.20% for the next one. The rating firms project that company’s revenue will grow 13.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $3.8 million. Meanwhile, for the quarter ending Jun 2024, a total of 2 analyst(s) estimate revenue growth to $4.15 million.Earnings reports from the last fiscal year show that sales brought in $4.05 million and $4.01 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -6.20% before jumping 3.50% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -67.17% for the past 5-year period. While 2024 is set for a 11.60% return in earnings, projections for the next 5 years are at -11.70% annually.

SEER Dividends

Seer Inc has its next earnings report out in May. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Seer Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.