Seer, Inc. (NASDAQ:SEER) price on Friday, Jul 16, rose 12.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $31.01.
A look at the stock’s price movement, the close in the last trading session was $27.67, moving within a range at $27.84 and $31.49. The beta value (5-Year monthly) was 0 while the PE ratio in trailing twelve months stood at 0. Turning to its 52-week performance, $86.55 and $26.48 were the 52-week high and 52-week low respectively. Overall, SEER moved -2.82% over the past month.
Seer, Inc.’s market cap currently stands at around $1.89 Billion, with investors looking forward to this quarter’s earnings report slated for Aug 2021. The company has a Forward Dividend ratio of 0, with its dividend yield at 0%. As such, investors might be keen on a downside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be -$0.28, which has seen fiscal year 2021 EPS growth forecast to increase to -$1.1 and about -$1.15 for fiscal year 2022. Per the data, EPS growth is expected to be -0.56% for 2021 and 0.05% for the next financial year.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend SEER as a Buy and none give it an Outperform rating. Meanwhile, none analyst(s) rate the stock as Underperform and none say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0, with SEER’s current price about -3.32% and -3.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.38, while 7-day volatility ratio is 8.23% and 7.09% in the 30-day chart. Further, Seer, Inc. (SEER) has a beta value of 0, and an average true range (ATR) of 2.24. Analysts have given the company’s stock an average 52-week price target of $59.33, forecast between a low of $48 and high of $75. Looking at the price targets, the low is 54.79% off current price level while to achieve the yearly target high, price needs to move +141.86%. Nonetheless, investors will most likely welcome a +77.36% jump to $55 which is the analysts’ median price.
In the market, a comparison of Seer, Inc. (SEER) and its peers suggest the former has performed considerably weaker. Data shows SEER’s intraday price has changed +12.07% in last session and 0% over the past year. Comparatively, Bristol-Myers Squibb Company (BMY) has moved -0.19% on the day and only +13.45% in the past 12 months. Looking at another peer, we see that Amgen Inc (AMGN) price has surged 0.54% on the day. However, the stock is -2.84% off its price a year ago. Moreover, Moderna Inc (MRNA) is also up 12.07% in trading on the day while keeping a downtrend of 0% over the past year. If we look at the PE ratio, we find that Seer, Inc.’s ratio stands at 0 compared to Bristol-Myers Squibb Company’s 0 and Amgen Inc’s 20.53. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.75% and down -0.86% respectively in the last trading.
If we refocus on Seer, Inc. (NASDAQ:SEER), historical trading data shows that trading volumes averaged 470.76 Million over the past 10 days and 483.8 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 56.63 Million shares.
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As per Thomson Reuters, 13.43% of Seer, Inc.’s shares are in the hands of company insiders while institutional holders own 75.74% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.16 Million on June 29, 2021, giving us a short ratio of 8.16. The data shows that as of June 29, 2021 short interest in Seer, Inc. (SEER) stood at 6.78% of shares outstanding, with shares short dropping from 4.89 Million registered in May. Current price change has pushed the stock -44.76% YTD, which shows the risk of further decline is there. It is this reason that could see investor optimism for the SEER stock might rise going into the next quarter.