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After finishing at $3.96 in the prior trading day, Sutro Biopharma Inc (NASDAQ: STRO) closed at $3.45, down -12.88%. In other words, the price has decreased by -$12.88 from its previous closing price. On the day, 0.7 million shares were traded. STRO stock price reached its highest trading level at $4.06 during the session, while it also had its lowest trading level at $3.42.
Ratios:
Our goal is to gain a better understanding of STRO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.09 and its Current Ratio is at 3.09. In the meantime, Its Debt-to-Equity ratio is 1.77 whereas as Long-Term Debt/Eq ratio is at 1.70.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on May 08, 2024, initiated with a Buy rating and assigned the stock a target price of $12.
On November 09, 2023, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $12.
On October 06, 2023, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $10.Oppenheimer initiated its Outperform rating on October 06, 2023, with a $10 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 29 ’24 when Vasquez Nicki sold 12,185 shares for $5.00 per share. The transaction valued at 60,925 led to the insider holds 12,803 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, STRO now has a Market Capitalization of 284482528 and an Enterprise Value of -78907400. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 2.56. Its current Enterprise Value per Revenue stands at -0.49 whereas that against EBITDA is 0.642.
Stock Price History:
Over the past 52 weeks, STRO has reached a high of $6.13, while it has fallen to a 52-week low of $2.06. The 50-Day Moving Average of the stock is -8.41%, while the 200-Day Moving Average is calculated to be -13.86%.
Shares Statistics:
The stock has traded on average 602.74K shares per day over the past 3-months and 635830 shares per day over the last 10 days, according to various share statistics. A total of 81.96M shares are outstanding, with a floating share count of 75.97M. Insiders hold about 7.31% of the company’s shares, while institutions hold 69.78% stake in the company. Shares short for STRO as of 1730332800 were 2400803 with a Short Ratio of 3.98, compared to 1727654400 on 2857116. Therefore, it implies a Short% of Shares Outstanding of 2400803 and a Short% of Float of 2.9499999999999997.
