Sutro Biopharma Inc (NASDAQ: STRO) is -49.33% lower on its value in year-to-date trading and has touched a low of $0.81 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 $0.81 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $0.93, the stock is -36.99% and -46.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.11 million and changing 15.10% at the moment leaves the stock -69.52% off its SMA200. STRO registered -79.55% loss for a year compared to 6-month loss of -79.05%. The firm has a 50-day simple moving average (SMA 50) of $1.736 and a 200-day simple moving average (SMA200) of $3.05935.
The stock witnessed a -46.41% gain in the last 1 month and extending the period to 3 months gives it a -61.94%, and is -30.93% 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 15.77% over the week and 10.42% over the month.
Sutro Biopharma Inc (STRO) has around 302 employees, a market worth around $78.12M and $160.96M in sales. Profit margin for the company is -77.01%. Distance from 52-week low is 15.34% and -84.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-41.20%).
with sales reaching $11.61M over the same period.The EPS is expected to grow by 30.93% this year, but quarterly earnings will post -24.03% year-over-year. Quarterly sales are estimated to shrink -10.77% in year-over-year returns.
Sutro Biopharma Inc (STRO) Top Institutional Holders
164.0 institutions hold shares in Sutro Biopharma Inc (STRO), with institutional investors hold 77.25% of the company’s shares. The shares outstanding are 82.40M, and float is at 74.42M with Short Float at 5.99%. Institutions hold 73.99% of the Float.
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.
Sutro Biopharma Inc (STRO) Insider Activity
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