In the latest trading session, 1.04 million Sutro Biopharma Inc (NASDAQ:STRO) shares changed hands as the company’s beta touched 1.09. With the company’s most recent per share price at $2.72 changed hands at -$0.03 or -0.91% at last look, the market valuation stands at $224.70M. STRO’s current price is a discount, trading about -125.37% off its 52-week high of $6.13. The share price had its 52-week low at $2.45, which suggests the last value was 9.93% up since then. When we look at Sutro Biopharma Inc’s average trading volume, we note the 10-day average is 1.05 million shares, with the 3-month average coming to 670.15K.
Analysts gave the Sutro Biopharma Inc (STRO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.18. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended STRO as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Sutro Biopharma Inc’s EPS for the current quarter is expected to be -0.95.
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Sutro Biopharma Inc (NASDAQ:STRO) trade information
Instantly STRO was in red as seen in intraday trades today. With action 4.41%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -36.48%, with the 5-day performance at 4.41% in the green. However, in the 30-day time frame, Sutro Biopharma Inc (NASDAQ:STRO) is -23.24% down. Looking at the short shares, we see there were 1.79 million shares sold at short interest cover period of 3.26 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 75.27% from its recent market value. According to analyst projections, STRO’s forecast low is 8 with 15 as the target high. To hit the forecast high, the stock’s price needs a -451.47% plunge from its current level, while the stock would need to soar -194.12% for it to hit the projected low.
Sutro Biopharma Inc (STRO) estimates and forecasts
Data shows that the Sutro Biopharma Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -31.53% over the past 6 months, a -52.88% in annual growth rate that is considerably lower than the industry average of 17.60%. Year-over-year growth is forecast to reach -61.49% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 12.18M. 5 analysts are of the opinion that Sutro Biopharma Inc’s revenue for the current quarter will be 10.81M. The company’s revenue for the corresponding quarters a year ago was 113.72M and 13.01M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -89.29%. The estimates for the next quarter sales put growth at -16.91%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 21.96%. The 2024 estimates are for Sutro Biopharma Inc earnings to decrease by -63.07%.
STRO Dividends
Sutro Biopharma Inc is expected to release its next quarterly earnings report in January.
Sutro Biopharma Inc (NASDAQ:STRO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.96% of Sutro Biopharma Inc shares while 77.16% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.91%. There are 77.16% institutions holding the Sutro Biopharma Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 11.2447% of the shares, roughly 6.91 million STRO shares worth $20.25 million.
SUVRETTA CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 9.4906% or 7.71 million shares worth $22.59 million as of 2024-06-30.
Among Mutual Funds, the top two as of Aug 31, 2024 were iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. With 2.18 shares estimated at $5.97 million under it, the former controlled 2.64% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.17% of the shares, roughly 1.79 shares worth around $4.91 million.
