Semler Scientific Inc Stock Forecast 2024: Semler Scientific Inc Is Weak With 23.28% Upside

In the last trading session, 1.39 million Semler Scientific Inc (NASDAQ:SMLR) shares changed hands as the company’s beta touched 1.01. With the company’s per share price at $52.14 changed hands at $12.3 or 30.87% during last session, the market valuation stood at $397.94M. SMLR’s last price was a discount, traded about -2.38% off its 52-week high of $53.38. The share price had its 52-week low at $20.88, which suggests the last value was 59.95% up since then. When we look at Semler Scientific Inc’s average trading volume, we note the 10-day average is 0.39 million shares, with the 3-month average coming to 169.16K.

Analysts gave the Semler Scientific Inc (SMLR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SMLR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.

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Semler Scientific Inc (NASDAQ:SMLR) trade information

Instantly SMLR was in green as seen at the end of in last trading. With action 73.97%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 17.72%, with the 5-day performance at 73.97% in the green. However, in the 30-day time frame, Semler Scientific Inc (NASDAQ:SMLR) is 89.88% up. Looking at the short shares, we see there were 0.78 million shares sold at short interest cover period of 5.14 days.

The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need a downside of -30.35% from its current market value. According to analyst projections, SMLR’s forecast low is 40 with 40 as the target high. To hit the forecast high, the stock’s price needs a 23.28% surge from its current level, while the stock would need to tank 23.28% for it to hit the projected low.

Semler Scientific Inc (SMLR) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 31.99%. The 2024 estimates are for Semler Scientific Inc earnings to decrease by -28.14%.

Semler Scientific Inc (NASDAQ:SMLR)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 22.00% of Semler Scientific Inc shares while 48.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.76%. There are 48.17% institutions holding the Semler Scientific Inc stock share, with CERITY PARTNERS LLC the top institutional holder. As of 2024-06-30, the company held 10.1934% of the shares, roughly 0.7 million SMLR shares worth $24.17 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.058% or 0.35 million shares worth $11.99 million as of 2024-06-30.