During the last session, Schrodinger Inc (NASDAQ:SDGR)’s traded shares were 0.46 million, with the beta value of the company hitting 1.57. At the end of the trading day, the stock’s price was $20.83, reflecting an intraday loss of -1.14% or -$0.24. The 52-week high for the SDGR share is $38.00, that puts it down -82.43 from that peak though still a striking 19.97% gain since the share price plummeted to a 52-week low of $16.67. The company’s market capitalization is $1.52B, and the average intraday trading volume over the past 10 days was 0.49 million shares, and the average trade volume was 707.41K shares over the past three months.
Schrodinger Inc (SDGR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.40. SDGR has a Sell rating from 1 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -0.4.
Schrodinger Inc (NASDAQ:SDGR) trade information
Schrodinger Inc (SDGR) registered a -1.14% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.14% in intraday trading to $20.83, hitting a weekly high. The stock’s 5-day price performance is -4.62%, and it has moved by -5.70% in 30 days. Based on these gigs, the overall price performance for the year is -33.60%. The short interest in Schrodinger Inc (NASDAQ:SDGR) is 9.16 million shares and it means that shorts have 9.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $28.5, which implies an increase of 26.91% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $27 and $30 respectively. As a result, SDGR is trading at a discount of -44.02% off the target high and -29.62% off the low.
Schrodinger Inc (SDGR) estimates and forecasts
Statistics show that Schrodinger Inc has underperformed its competitors in share price, compared to the industry in which it operates. Schrodinger Inc (SDGR) shares have gone up 0.97% during the last six months, with a year-to-date growth rate less than the industry average at -524.07% against 24.80. In the rating firms’ projections, revenue will decrease -6.23% 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 83.19M as predicted by 10 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 48.13M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 74.1M and 36.6M respectively. In this case, analysts expect current quarter sales to grow by 12.27% and then jump by 31.52% in the coming quarter.
While earnings are projected to return -538.96% in 2024, the next five years will return -4.30% per annum.
SDGR Dividends
Schrodinger 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.
Schrodinger Inc (NASDAQ:SDGR)’s Major holders
Schrodinger Inc insiders own 2.39% of total outstanding shares while institutional holders control 99.21%, with the float percentage being 101.64%. BLACKROCK INC. is the largest shareholder of the company, while 308.0 institutions own stock in it. As of 2024-06-30, the company held over 8.52 million shares (or 11.7797% of all shares), a total value of $164.69 million in shares.
The next largest institutional holding, with 6.98 million shares, is of BILL & MELINDA GATES FOUNDATION TRUST’s that is approximately 9.6577% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $135.03 million.
