Sutro Biopharma Inc (NASDAQ:STRO)’s traded shares stood at 0.61 million during the last session, with the company’s beta value hitting 1.16. At the close of trading, the stock’s price was $3.61, to imply an increase of 2.27% or $0.08 in intraday trading. The STRO share’s 52-week high remains $6.13, putting it -69.81% down since that peak but still an impressive 44.32% since price per share fell to its 52-week low of $2.01. The company has a valuation of $295.88M, with an average of 0.72 million shares in intraday trading volume over the past 10 days and average of 680.65K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Sutro Biopharma Inc (STRO), translating to a mean rating of 1.18. Of 5 analyst(s) looking at the stock, 0 analyst(s) give STRO a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.73.
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Sutro Biopharma Inc (NASDAQ:STRO) trade information
After registering a 2.27% upside in the last session, Sutro Biopharma Inc (STRO) has traded red over the past five days. The 5-day price performance for the stock is 3.14%, and -15.85% over 30 days. With these gigs, the year-to-date price performance is -15.85%. Short interest in Sutro Biopharma Inc (NASDAQ:STRO) saw shorts transact 2.99 million shares and set a 4.68 days time to cover.
The extremes give us $8 and $15 for target low and target high price respectively. As such, STRO has been trading -315.51% off suggested target high and -121.61% from its likely low.
Sutro Biopharma Inc (STRO) estimates and forecasts
Looking at statistics comparing Sutro Biopharma Inc share performance against respective industry, we note that the company has underperformed competitors. Sutro Biopharma Inc (STRO) shares are -26.02% down over the last 6 months, with its year-to-date growth rate lower than industry average at -61.26% against 17.60%. Revenue is forecast to grow 9.90% this quarter before falling -242.30% for the next one. The rating firms project that company’s revenue will shrink -57.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 15.29M. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 16.11M.
STRO Dividends
Sutro Biopharma Inc has its next earnings report out on 2024-Nov-11. 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.
Sutro Biopharma Inc (NASDAQ:STRO)’s Major holders
Sutro Biopharma Inc insiders hold 0.96% of total outstanding shares, with institutional holders owning 78.20% of the shares at 78.96% float percentage. In total, 78.20% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 6.91 million shares (or 11.2447% of shares), all amounting to roughly $20.25 million.
The next major institution holding the largest number of shares is SUVRETTA CAPITAL MANAGEMENT, LLC with 7.71 million shares, or about 9.4906% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $22.59 million.
We also have iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Sutro Biopharma Inc (STRO) shares. Going by data provided on Aug 31, 2024 , iShares Russell 2000 ETF holds roughly 2.18 shares. This is just over 2.66% of the total shares, with a market valuation of $7.86 million. Data from the same date shows that the other fund manager holds a little less at 1.79, or 2.19% of the shares, all valued at about 6.47 million.
