Schrodinger Inc (NASDAQ:SDGR) shares, rose in value on Friday, January 03, with the stock price up by 2.30% to the previous day’s close as strong demand from buyers drove the stock to $20.87.
Actively observing the price movement in the last trading, the stock closed the session at $20.40, falling within a range of $20.14 and $20.93. The value of beta (5-year monthly) was 1.501. Referring to stock’s 52-week performance, its high was $33.96, and the low was $16.67. On the whole, SDGR has fluctuated by -4.92% over the past month.
With the market capitalization of Schrodinger Inc currently standing at about $1.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
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% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of SDGR currently trading nearly 1.72% and 4.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.62, while the 7-day volatility ratio is showing 5.19% which for the 30-day chart, stands at 5.63%. Furthermore, Schrodinger Inc (SDGR)’s beta value is 1.58, and its average true range (ATR) is 1.12.
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 2.30% in last session, and over the past year, it shrunk by -35.61%%.
Data on historical trading for Schrodinger Inc (NASDAQ:SDGR) indicates that the trading volumes over the past 10 days have averaged 0.7 and over the past 3 months, they’ve averaged 717.13K. According to company’s latest data on outstanding shares, there are 63.68 million shares outstanding.
Nearly 14.76% of Schrodinger Inc’s shares belong to company insiders and institutional investors own 84.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.0 million shares as on 2024-12-13, resulting in a short ratio of 12.33. According to the data, the short interest in Schrodinger Inc (SDGR) stood at 2267.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 9.33 million. The stock has risen by 8.19% 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.
