Sarcos Technology and Robotics Corporation (NASDAQ: STRC) is -88.08% lower on its value in year-to-date trading and has touched a low of $1.07 and a high of $10.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The STRC stock was last observed hovering at around $1.11 in the last trading session, with the day’s gains setting it 0.08% off its average median price target of $6.75 for the next 12 months. It is also 86.0% off the consensus price target high of $8.50 offered by 2 analysts, but current levels are 76.2% higher than the price target low of $5.00 for the same period.
Currently trading at $1.19, the stock is -27.55% and -41.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.26 million and changing 7.21% at the moment leaves the stock -68.38% off its SMA200. STRC registered -81.91% loss for a year compared to 6-month loss of -70.18%.
The stock witnessed a -35.33% gain in the last 1 month and extending the period to 3 months gives it a -65.00%, and is -9.85% down 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 9.06% over the week and 9.58% over the month.
Sarcos Technology and Robotics Corporation (STRC) has around 160 employees, a market worth around $187.25M and $5.90M in sales. Distance from 52-week low is 11.21% and -88.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.80%).
Sarcos Technology and Robotics Corporation (STRC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Sarcos Technology and Robotics Corporation (STRC) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Sarcos Technology and Robotics Corporation is expected to release its quarterly report on 03/28/2023.The EPS is expected to shrink by -303.60% this year
Sarcos Technology and Robotics Corporation (STRC) Top Institutional Holders
The shares outstanding are 146.28M, and float is at 75.36M with Short Float at 5.88%.
Sarcos Technology and Robotics Corporation (STRC) Insider Activity
A total of 22 insider transactions have happened at Sarcos Technology and Robotics Corporation (STRC) in the last six months, with sales accounting for 13 and purchases happening 9 times. The most recent transaction is an insider purchase by FINN BRIAN D, the company’s Director. SEC filings show that FINN BRIAN D bought 35,000 shares of the company’s common stock on Jun 15 at a price of $3.11 per share for a total of $0.11 million. Following the purchase, the insider now owns 0.11 million shares.
Sarcos Technology and Robotics Corporation disclosed in a document filed with the SEC on Jun 14 that FINN BRIAN D (Director) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Jun 14 and was made at $2.92 per share for $43782.0. Following the transaction, the insider now directly holds 77315.0 shares of the STRC stock.
Still, SEC filings show that on May 16, FINN BRIAN D (Director) acquired 20,000 shares at an average price of $3.82 for $76380.0. The insider now directly holds 62,315 shares of Sarcos Technology and Robotics Corporation (STRC).