Sutro Biopharma Inc (NASDAQ: STRO) is -75.45% 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 $0.80 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $1.47M, the stock is -11.70% and -15.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.75 million and changing 11748907% at the moment leaves the stock -63.11% off its SMA200. STRO registered -60.11% loss for a year compared to 6-month loss of -60.75%. The firm has a 50-day simple moving average (SMA 50) of $0.8654 and a 200-day simple moving average (SMA200) of $1.9897.
The stock witnessed a -19.84% gain in the last 1 month and extending the period to 3 months gives it a -0.81%, and is -8.35% 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 8.78% over the week and 8.50% over the month.
Sutro Biopharma Inc (STRO) has around 338 employees, a market worth around $61.99M and $66.43M in sales. Profit margin for the company is -369.11%. Distance from 52-week low is 40.32% and -85.80% 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 36.30% this year.
Sutro Biopharma Inc (STRO) Top Institutional Holders
152.0 institutions hold shares in Sutro Biopharma Inc (STRO), with institutional investors hold 74.20% of the company’s shares. The shares outstanding are 84.35M, and float is at 78.04M with Short Float at 9.69%. Institutions hold 70.80% 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.
