Schrodinger Inc (NASDAQ:SDGR) shares, rose in value on Friday, November 01, with the stock price up by 2.24% to the previous day’s close as strong demand from buyers drove the stock to $17.99.
Actively observing the price movement in the last trading, the stock closed the session at $17.59, falling within a range of $17.78 and $18.58. The value of beta (5-year monthly) was 1.499. Referring to stock’s 52-week performance, its high was $38.00, and the low was $16.67. On the whole, SDGR has fluctuated by 3.15% over the past month.
With the market capitalization of Schrodinger Inc currently standing at about $1.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 209.84M, with a low estimate of 35.48M and a high estimate of 45.72M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 40.57M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SDGR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SDGR currently trading nearly 1.21% and -4.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.16, while the 7-day volatility ratio is showing 4.76% which for the 30-day chart, stands at 4.05%. Furthermore, Schrodinger Inc (SDGR)’s beta value is 1.50, and its average true range (ATR) is 0.79.
A comparison of Schrodinger Inc (SDGR) with its peers suggests the former has fared considerably weaker in the market. SDGR showed an intraday change of 2.24% in last session, and over the past year, it shrunk by -17.53%%.
Data on historical trading for Schrodinger Inc (NASDAQ:SDGR) indicates that the trading volumes over the past 10 days have averaged 0.65 and over the past 3 months, they’ve averaged 625.49K. According to company’s latest data on outstanding shares, there are 62.98 million shares outstanding.
Nearly 14.78% of Schrodinger Inc’s shares belong to company insiders and institutional investors own 83.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.84 million shares as on 2024-10-15, resulting in a short ratio of 14.94. According to the data, the short interest in Schrodinger Inc (SDGR) stood at 2228.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 8.76 million. The stock has fallen by -49.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SDGR stock heading into the next quarter.
