During the last session, Sutro Biopharma Inc (NASDAQ:STRO)’s traded shares were 1.66 million, with the beta value of the company hitting 1.09. At the end of the trading day, the stock’s price was $2.20, reflecting an intraday loss of -10.20% or -$0.25. The 52-week high for the STRO share is $6.13, that puts it down -178.64 from that peak though still a striking -5.0% loss since the share price plummeted to a 52-week low of $2.31. The company’s market capitalization is $181.41M, and the average intraday trading volume over the past 10 days was 1.43 million shares, and the average trade volume was 813.63K shares over the past three months.
Sutro Biopharma Inc (STRO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.18. STRO has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.9.
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Sutro Biopharma Inc (NASDAQ:STRO) trade information
Sutro Biopharma Inc (STRO) registered a -10.20% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -10.20% in intraday trading to $2.20, hitting a weekly high. The stock’s 5-day price performance is -20.86%, and it has moved by -46.08% in 30 days. Based on these gigs, the overall price performance for the year is -38.20%. The short interest in Sutro Biopharma Inc (NASDAQ:STRO) is 2.06 million shares and it means that shorts have 2.47 day(s) to cover.
The consensus price target of analysts on Wall Street is $12, which implies an increase of 81.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $15 respectively. As a result, STRO is trading at a discount of -581.82% off the target high and -445.45% off the low.
Sutro Biopharma Inc (STRO) estimates and forecasts
Statistics show that Sutro Biopharma Inc has underperformed its competitors in share price, compared to the industry in which it operates. Sutro Biopharma Inc (STRO) shares have gone down -42.86% during the last six months, with a year-to-date growth rate less than the industry average at -52.88% against 17.10. In the rating firms’ projections, revenue will decrease -61.49% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 12.18M as predicted by 11 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 9M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 113.72M and 13.01M respectively. In this case, analysts expect current quarter sales to shrink by -89.29% and then drop by -30.81% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 21.96%. While earnings are projected to return -64.25% in 2024.
STRO Dividends
Sutro Biopharma Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Sutro Biopharma Inc (NASDAQ:STRO)’s Major holders
Sutro Biopharma Inc insiders own 0.98% of total outstanding shares while institutional holders control 77.18%, with the float percentage being 77.94%. BLACKROCK INC. is the largest shareholder of the company, while 180.0 institutions own stock in it. As of 2024-06-30, the company held over 6.91 million shares (or 11.2447% of all shares), a total value of $20.25 million in shares.
The next largest institutional holding, with 7.71 million shares, is of SUVRETTA CAPITAL MANAGEMENT, LLC’s that is approximately 9.4906% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $22.59 million.
