Sutro Biopharma Inc (NASDAQ: STRO) is -12.50% lower on its value in year-to-date trading and has touched a low of $1.62 and a high of $6.13 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 STRO stock was last observed hovering at around $1.62 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.61, the stock is -16.18% and -22.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing -0.92% at the moment leaves the stock -51.80% off its SMA200. STRO registered -65.67% loss for a year compared to 6-month loss of -50.31%. The firm has a 50-day simple moving average (SMA 50) of $2.0872 and a 200-day simple moving average (SMA200) of $3.3493.
The stock witnessed a -10.06% gain in the last 1 month and extending the period to 3 months gives it a -63.24%, and is -20.69% 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 9.01% over the week and 7.86% over the month.
Sutro Biopharma Inc (STRO) has around 302 employees, a market worth around $132.76M and $160.96M in sales. Profit margin for the company is -77.01%. Distance from 52-week low is -0.62% and -73.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-41.20%).
with sales reaching $12.18M over the same period.The EPS is expected to shrink by -62.82% this year, but quarterly earnings will post -61.49% year-over-year. Quarterly sales are estimated to shrink -89.29% in year-over-year returns.
The shares outstanding are 82.40M, and float is at 76.30M with Short Float at 5.34%.
The top institutional shareholder in the company is SUVRETTA CAPITAL MANAGEMENT, LLC with over 7.71 million shares valued at $22.59 million. The investor’s holdings represent 9.4906 of the STRO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.91 million shares valued at $20.25 million to account for 8.5082 of the shares outstanding. The other top investors are POINT72 ASSET MANAGEMENT, L.P. which holds 4.45 million shares representing 5.4757 and valued at over $13.03 million, while MILLENNIUM MANAGEMENT LLC holds 5.3702 of the shares totaling 4.36 million with a market value of $12.78 million.
