In the last trading session, 94501.0 shares of the System1 Inc (NYSE:SST) were traded, and its beta was 1.39. Most recently the company’s share price was $0.61, and it changed around -$0.01 or -1.60% from the last close, which brings the market valuation of the company to $56.07M. SST currently trades at a discount to its 52-week high of $2.73, offering almost -347.54% off that amount. The share price’s 52-week low was $0.60, which indicates that the current value has risen by an impressive 1.64% since then. We note from System1 Inc’s average daily trading volume that its 10-day average is 0.15 million shares, with the 3-month average coming to 123.73K.
System1 Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SST as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. System1 Inc is expected to report earnings per share of -0.23 for the current quarter.
System1 Inc (NYSE:SST) trade information
Instantly SST has showed a red trend with a performance of -1.60% 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 0.7800 on recent trading dayincreased the stock’s daily price by 21.79%. The company’s shares are currently down -32.08% year-to-date, but still down -19.84% over the last five days. On the other hand, System1 Inc (NYSE:SST) is -34.33% down in the 30-day period. We can see from the shorts that 1.5 million shares have been sold at a short interest cover period of 10.75 day(s).
The consensus price target as assigned by Wall Street analysts is $14.5, which translates to bulls needing to increase their stock price by 95.79% from its current value. Analyst projections state that SST is forecast to be at a low of $14 and a high of $15.
System1 Inc (SST) estimates and forecasts
The year-over-year growth rate is expected to be -10.54%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 91.28M in revenue for the current quarter. 1 analysts expect System1 Inc to make 88.19M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 96.12M and 84.92M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.04%. Forecasts for the next quarter put sales growth at 3.85%.
SST Dividends
System1 Inc’s next quarterly earnings report is expected to be released in February.
System1 Inc (NYSE:SST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 45.54% of System1 Inc shares, and 49.41% of them are in the hands of institutional investors. The stock currently has a share float of 90.73%. System1 Inc stock is held by 87.0 institutions, with CANNAE HOLDINGS, INC. being the largest institutional investor. By 2024-06-30, it held 39.853% of the shares, which is about 27.01 million shares worth $41.06 million.
BLACKROCK INC., with 2.5577% or 1.73 million shares worth $2.64 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Russell 2000 ETF and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Oct 31, 2024 . The former held 767.91 shares worth $0.47 million, making up 1.09% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 292.04 shares worth around $0.18 million, which represents about 0.41% of the total shares outstanding.
