System1 Inc (NYSE: SST) Is Worth Evaluating At $1.16

During the last session, System1 Inc (NYSE:SST)’s traded shares were 0.45 million, with the beta value of the company hitting 1.34. At the end of the trading day, the stock’s price was $1.16, reflecting an intraday loss of -5.69% or -$0.07. The 52-week high for the SST share is $3.02, that puts it down -160.34 from that peak though still a striking 10.34% gain since the share price plummeted to a 52-week low of $1.04. The company’s market capitalization is $80.67M, and the average intraday trading volume over the past 10 days was 95330.0 shares, and the average trade volume was 241.28K shares over the past three months.

System1 Inc (SST) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. SST has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.29.

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System1 Inc (NYSE:SST) trade information

System1 Inc (SST) registered a -5.69% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.69% in intraday trading to $1.16, hitting a weekly high. The stock’s 5-day price performance is -9.38%, and it has moved by -11.45% in 30 days. Based on these gigs, the overall price performance for the year is 0.87%. The short interest in System1 Inc (NYSE:SST) is 1.62 million shares and it means that shorts have 4.68 day(s) to cover.

The consensus price target of analysts on Wall Street is $14.5, which implies an increase of 92.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $15 respectively. As a result, SST is trading at a discount of -1193.1% off the target high and -1106.9% off the low.

System1 Inc (SST) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -38.10% this quarter and then drop -9.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -10.20% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 86.63M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 94.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 142.37M and 96.12M respectively. In this case, analysts expect current quarter sales to shrink by -39.20% and then drop by -1.50% in the coming quarter.

While earnings are projected to return 59.84% in 2024.

SST Dividends

System1 Inc is due to release its next quarterly earnings on 2024-Aug-08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

System1 Inc (NYSE:SST)’s Major holders

System1 Inc insiders own 46.91% of total outstanding shares while institutional holders control 50.23%, with the float percentage being 94.61%. CANNAE HOLDINGS, INC. is the largest shareholder of the company, while 87.0 institutions own stock in it. As of 2024-06-30, the company held over 27.01 million shares (or 39.853% of all shares), a total value of $41.06 million in shares.

The next largest institutional holding, with 1.73 million shares, is of BLACKROCK INC.’s that is approximately 2.5577% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.64 million.