Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $1.74 in the prior trading day, Sutro Biopharma Inc (NASDAQ: STRO) closed at $1.79, up 2.87%. In other words, the price has increased by $2.87 from its previous closing price. On the day, 0.65 million shares were traded. STRO stock price reached its highest trading level at $1.86 during the session, while it also had its lowest trading level at $1.75.
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.
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 147601072 and an Enterprise Value of -215788880. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at -1.341 whereas that against EBITDA is 1.755.
Stock Price History:
The Beta on a monthly basis for STRO is 1.20, which has changed by -0.61995757 over the last 52 weeks, in comparison to a change of 0.22894537 over the same period for the S&P500. Over the past 52 weeks, STRO has reached a high of $6.13, while it has fallen to a 52-week low of $1.51. The 50-Day Moving Average of the stock is -11.74%, while the 200-Day Moving Average is calculated to be -46.13%.
Shares Statistics:
The stock has traded on average 1.14M shares per day over the past 3-months and 1161940 shares per day over the last 10 days, according to various share statistics. A total of 82.40M shares are outstanding, with a floating share count of 74.57M. Insiders hold about 7.49% of the company’s shares, while institutions hold 68.88% stake in the company. Shares short for STRO as of 1738281600 were 4070738 with a Short Ratio of 3.58, compared to 1735603200 on 3154647. Therefore, it implies a Short% of Shares Outstanding of 4070738 and a Short% of Float of 4.9799999999999995.
