Sana Biotechnology Inc (NASDAQ: SANA) Dropped -66.67% In 6 Months – Here’s What Might Happen Next

Sana Biotechnology Inc (NASDAQ:SANA)’s traded shares stood at 1.75 million during the last session, with the company’s beta value hitting 1.33. At the close of trading, the stock’s price was $2.61, to imply an increase of 1.56% or $0.04 in intraday trading. The SANA share’s 52-week high remains $12.00, putting it -359.77% down since that peak but still an impressive 12.26% since price per share fell to its 52-week low of $2.29. The company has a valuation of $582.73M, with an average of 1.75 million shares in intraday trading volume over the past 10 days and average of 1.49 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Sana Biotechnology Inc (SANA), translating to a mean rating of 1.86. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SANA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy.

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Sana Biotechnology Inc (NASDAQ:SANA) trade information

After registering a 1.56% upside in the last session, Sana Biotechnology Inc (SANA) has traded red over the past five days. The 5-day price performance for the stock is 6.53%, and -30.59% over 30 days. With these gigs, the year-to-date price performance is -36.03%. Short interest in Sana Biotechnology Inc (NASDAQ:SANA) saw shorts transact 35.37 million shares and set a 25.47 days time to cover.

The extremes give us $8 and $8 for target low and target high price respectively. As such, SANA has been trading -206.51% off suggested target high and -206.51% from its likely low.

Sana Biotechnology Inc (SANA) estimates and forecasts

Looking at statistics comparing Sana Biotechnology Inc share performance against respective industry, we note that the company has outperformed competitors. Sana Biotechnology Inc (SANA) shares are -66.67% down over the last 6 months, with its year-to-date growth rate higher than industry average at 24.54% against 17.30%.

SANA Dividends

Sana Biotechnology Inc has its next earnings report out in January. 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.

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

Sana Biotechnology Inc insiders hold 8.63% of total outstanding shares, with institutional holders owning 92.47% of the shares at 101.21% float percentage. In total, 92.47% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 27.17 million shares (or 12.5041% of shares), all amounting to roughly $148.35 million.

The next major institution holding the largest number of shares is FLAGSHIP PIONEERING INC. with 25.0 million shares, or about 11.5062% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $136.51 million.