Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The price of Sutro Biopharma Inc (NASDAQ: STRO) closed at $2.76 in the last session, up 0.36% from day before closing price of $2.75. In other words, the price has increased by $0.36 from its previous closing price. On the day, 2.13 million shares were traded. STRO stock price reached its highest trading level at $2.855 during the session, while it also had its lowest trading level at $2.66.
Ratios:
We take a closer look at STRO’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 227586016 and an Enterprise Value of -135803920. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at -0.844 whereas that against EBITDA is 1.104.
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 $2.45. The 50-Day Moving Average of the stock is -19.34%, while the 200-Day Moving Average is calculated to be -29.06%.
Shares Statistics:
According to the various share statistics, STRO traded on average about 670.15K shares per day over the past 3-months and 1047620 shares per day over the past 10 days. A total of 82.40M shares are outstanding, with a floating share count of 76.28M. Shares short for STRO as of 1731628800 were 1788700 with a Short Ratio of 2.67, compared to 1728950400 on 2863355. Therefore, it implies a Short% of Shares Outstanding of 1788700 and a Short% of Float of 2.19.
