Can Sana Biotechnology Inc (SANA) Future Potential Be Undermined By Current Price Volatility?

Sana Biotechnology Inc (NASDAQ:SANA) has a beta value of 1.43 and has seen 1.05 million shares traded in the recent trading session. The company, currently valued at $698.54M, closed the recent trade at $3.14 per share which meant it lost -$0.62 on the day or -16.49% during that session. The SANA stock price is -282.17% off its 52-week high price of $12.00 and 2.55% above the 52-week low of $3.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.97 million shares traded. The 3-month trading volume is 1.32 million shares.

The consensus among analysts is that Sana Biotechnology Inc (SANA) is Buy stock at the moment, with a recommendation rating of 1.86. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.27.

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Sana Biotechnology Inc (NASDAQ:SANA) trade information

Sporting -16.49% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SANA stock price touched $3.14 or saw a rise of 20.3%. Year-to-date, Sana Biotechnology Inc shares have moved -23.04%, while the 5-day performance has seen it change -16.93%. Over the past 30 days, the shares of Sana Biotechnology Inc (NASDAQ:SANA) have changed -25.42%. Short interest in the company has seen 33.28 million shares shorted with days to cover at 22.99.

Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 73.83% from the levels at last check today.. The projected low price target is $12.0 while the price target rests at a high of $12.0. In that case, then, we find that the latest price level in today’s session is -282.17% off the targeted high while a plunge would see the stock gain -282.17% from the levels at last check today..

Sana Biotechnology Inc (SANA) estimates and forecasts

Figures show that Sana Biotechnology Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -68.73% over the past 6 months, with this year growth rate of 27.61%, compared to 17.30% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -83.13% over the past 5 years.

SANA Dividends

Sana Biotechnology Inc is expected to release its next earnings report on 2024-Nov-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Sana Biotechnology Inc (NASDAQ:SANA)’s Major holders

Insiders own 8.66% of the company shares, while shares held by institutions stand at 90.46% with a share float percentage of 99.04%. Investors are also buoyed by the number of investors in a company, with Sana Biotechnology Inc having a total of 221.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 27.17 million shares worth more than $148.35 million. As of 2024-06-30, FMR LLC held 12.5041% of shares outstanding.

The other major institutional holder is FLAGSHIP PIONEERING INC., with the holding of over 25.0 million shares as of 2024-06-30. The firm’s total holdings are worth over $136.51 million and represent 11.5062% of shares outstanding.