Financial Snapshot: Analyzing 60 Degrees Pharmaceuticals Inc (SXTP)’s Key Ratio Metrics

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The closing price of 60 Degrees Pharmaceuticals Inc (NASDAQ: SXTP) was $0.21 for the day, down -3.14% from the previous closing price of $0.22. In other words, the price has decreased by -$3.14 from its previous closing price. On the day, 0.54 million shares were traded. SXTP stock price reached its highest trading level at $0.25 during the session, while it also had its lowest trading level at $0.21.

Ratios:

Our analysis of SXTP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.39 and its Current Ratio is at 2.55. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 31 ’24 when XU CHERYL bought 200,000 shares for $0.38 per share. The transaction valued at 75,000 led to the insider holds 424,934 shares of the business.

DOW GEOFFREY S bought 25,974 shares of SXTP for $9,740 on Jan 31 ’24. The President and CEO now owns 703,599 shares after completing the transaction at $0.38 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SXTP now has a Market Capitalization of 2465694 and an Enterprise Value of 10281880. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.86. Its current Enterprise Value per Revenue stands at 40.548 whereas that against EBITDA is -2.014.

Stock Price History:

Over the past 52 weeks, SXTP has reached a high of $8.65, while it has fallen to a 52-week low of $0.20. The 50-Day Moving Average of the stock is -16.11%, while the 200-Day Moving Average is calculated to be -70.03%.

Shares Statistics:

SXTP traded an average of 203.67K shares per day over the past three months and 391890 shares per day over the past ten days. A total of 11.57M shares are outstanding, with a floating share count of 8.86M. Insiders hold about 23.45% of the company’s shares, while institutions hold 3.46% stake in the company. Shares short for SXTP as of 1714435200 were 114455 with a Short Ratio of 0.56, compared to 1711584000 on 67038. Therefore, it implies a Short% of Shares Outstanding of 114455 and a Short% of Float of 1.09.

Earnings Estimates

The performance of 60 Degrees Pharmaceuticals Inc (SXTP) in the stock market is under the watchful eye of 2 analysts actively contributing to its current rating.On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.16, while EPS last year was $0.77. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.07 and low estimates of -$0.11.

Analysts are recommending an EPS of between -$0.29 and -$0.44 for the fiscal current year, implying an average EPS of -$0.36. EPS for the following year is -$0.26, with 2.0 analysts recommending between -$0.12 and -$0.41.

Revenue Estimates

For the next quarter, 2 analysts are estimating revenue of $240k. There is a high estimate of $280k for the next quarter, whereas the lowest estimate is $200k.

A total of 2 analysts have provided revenue estimates for SXTP’s current fiscal year. The highest revenue estimate was $1.27M, while the lowest revenue estimate was $800k, resulting in an average revenue estimate of $1.03M. In the same quarter a year ago, actual revenue was $254kBased on 2 analysts’ estimates, the company’s revenue will be $2.95M in the next fiscal year. The high estimate is $3.8M and the low estimate is $2.1M.

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