Sutro Biopharma Inc (STRO) Stock Could Soon Reward Patient Investors

Sutro Biopharma Inc (NASDAQ: STRO) is -52.64% lower on its value in year-to-date trading and has touched a low of $0.52 and a high of $5.17 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 $0.96 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $0.87, the stock is 2.30% and -3.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -9.06% at the moment leaves the stock -65.49% off its SMA200. STRO registered -79.49% loss for a year compared to 6-month loss of -77.30%.

The stock witnessed a 38.80% gain in the last 1 month and extending the period to 3 months gives it a -56.21%, and is -20.77% 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 10.62% over the week and 17.80% over the month.

Sutro Biopharma Inc (STRO) has around 338 employees, a market worth around $73.52M and $66.43M in sales. Profit margin for the company is -369.11%. Distance from 52-week low is 66.60% and -83.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-137.67%).

The EPS is expected to grow by 34.74% this year.

Sutro Biopharma Inc (STRO) Top Institutional Holders

The shares outstanding are 84.35M, and float is at 75.86M with Short Float at 7.04%.

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.