Sesen Bio Inc. (NASDAQ: SESN) is 18.52% higher on its value in year-to-date trading and has touched a low of $0.37 and a high of $1.82 in the current 52-week trading range. The SESN stock was last observed hovering at around $1.60 in the last trading session, with the day’s loss setting it -0.07% off its average median price target of $3.00 for the next 12 months. It is also 69.4% off the consensus price target high of $5.00 offered by 3 analysts, but current levels are 32.0% higher than the price target low of $2.25 for the same period.
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Currently trading at $1.53, the stock is 4.68% and 15.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing -4.44% at the moment leaves the stock 53.66% off its SMA200. SESN registered 58.42% gain for a year compared to 6-month gain of 138.41%. The firm has a 50-day simple moving average (SMA 50) of $1.4391 and a 200-day simple moving average (SMA200) of $1.1447.
The stock witnessed a -3.61% loss in the last 1 month and extending the period to 3 months gives it a 24.03%, and is 23.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.15% over the week and 10.05% over the month.
Sesen Bio Inc. (SESN) has around 25 employees, a market worth around $208.32M and $11.20M in sales. Distance from 52-week low is 313.22% and -15.99% from its 52-week high.
Sesen Bio Inc. (SESN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Sesen Bio Inc. (SESN) is a “Buy”. 3 analysts offering their recommendations for the stock have an average rating of 1.30, where 0 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Sesen Bio Inc. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at -$0.1.The EPS is expected to shrink by -116.80% this year.
Sesen Bio Inc. (SESN) Top Institutional Holders
49 institutions hold shares in Sesen Bio Inc. (SESN), with 73.72k shares held by insiders accounting for 0.06% while institutional investors hold 17.90% of the company’s shares. The shares outstanding are 129.34M, and float is at 125.27M with Short Float at 0.77%. Institutions hold 17.89% of the Float.
The top institutional shareholder in the company is TRV GP, LLC with over 4.84 million shares valued at $6.78 million. The investor’s holdings represent 3.74% of the SESN Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 4.7 million shares valued at $6.58 million to account for 3.63% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 2.02 million shares representing 1.56% and valued at over $2.82 million, while Blackrock Inc. holds 1.47% of the shares totaling 1.9 million with a market value of $2.65 million.
Sesen Bio Inc. (SESN) Insider Activity
A total of 0 insider transactions have happened at Sesen Bio Inc. (SESN) in the last six months, with sales accounting for 0 and purchases happening 0 times.