In the last trading session, 1.17 million shares of the Sutro Biopharma Inc (NASDAQ:STRO) were traded, and its beta was 1.14. Most recently the company’s share price was $2.75, and it changed around -$0.14 or -4.84% from the last close, which brings the market valuation of the company to $189.96M. STRO currently trades at a discount to its 52-week high of $6.13, offering almost -122.91% off that amount. The share price’s 52-week low was $2.13, which indicates that the current value has risen by an impressive 22.55% since then. We note from Sutro Biopharma Inc’s average daily trading volume that its 10-day average is 0.69 million shares, with the 3-month average coming to 605.41K.
Sutro Biopharma Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.18. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended STRO as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Sutro Biopharma Inc is expected to report earnings per share of -0.95 for the current quarter.
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Sutro Biopharma Inc (NASDAQ:STRO) trade information
Instantly STRO has showed a red trend with a performance of -4.84% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.34 on recent trading dayincreased the stock’s daily price by 36.64%. The company’s shares are currently down -35.90% year-to-date, but still down -37.50% over the last five days. On the other hand, Sutro Biopharma Inc (NASDAQ:STRO) is -26.27% down in the 30-day period. We can see from the shorts that 2.4 million shares have been sold at a short interest cover period of 5.47 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 75.0% from its current value. Analyst projections state that STRO is forecast to be at a low of $8 and a high of $15.
Sutro Biopharma Inc (STRO) estimates and forecasts
Sutro Biopharma Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -41.24 percent over the past six months and at a -51.31% annual growth rate that is well below the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -291.77% in revenue this quarter, and will report a decrease of -3.37% in the next quarter. The year-over-year growth rate is expected to be -61.49%, down from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 12.18M in revenue for the current quarter. 5 analysts expect Sutro Biopharma Inc to make 10.81M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 113.72M and 13.01M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -89.29%. Forecasts for the next quarter put sales growth at -16.91%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 21.96%.
STRO Dividends
Sutro Biopharma Inc’s next quarterly earnings report is expected to be released in December.
Sutro Biopharma Inc (NASDAQ:STRO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.96% of Sutro Biopharma Inc shares, and 77.13% of them are in the hands of institutional investors. The stock currently has a share float of 77.88%. Sutro Biopharma Inc stock is held by 179.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 11.2447% of the shares, which is about 6.91 million shares worth $20.25 million.
SUVRETTA CAPITAL MANAGEMENT, LLC, with 9.4906% or 7.71 million shares worth $22.59 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
