Schrodinger Inc (NASDAQ:SDGR) price on Wednesday, February 05, rose 4.89% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $26.15.
A look at the stock’s price movement, the close in the last trading session was $24.93, moving within a range at $25.0 and $26.8136. The beta value (5-Year monthly) was 1.501. Turning to its 52-week performance, $33.63 and $16.67 were the 52-week high and 52-week low respectively. Overall, SDGR moved 25.30% over the past month.
Schrodinger Inc’s market cap currently stands at around $1.90 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 83.2M for the company’s revenue for the quarter, with a low and high estimate of 76.64M and 89.3M respectively. The average forecast suggests up to a 12.28% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 202.24M, representing a -6.67% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SDGR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
5 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 1 analyst(s) rate the stock as a Hold, 3 recommend SDGR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SDGR’s current price about 15.73% and 21.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.53, while 7-day volatility ratio is 6.26% and 7.03% in the 30-day chart. Further, Schrodinger Inc (SDGR) has a beta value of 1.61, and an average true range (ATR) of 1.55. Analysts have given the company’s stock an average 52-week price target of $28, forecast between a low of $27 and high of $30. Looking at the price targets, the low is -3.25% off current price level while to achieve the yearly target high, price needs to move -14.72%. Nonetheless, investors will most likely welcome a -7.07% jump to $28 which is the analysts’ median price.
If we refocus on Schrodinger Inc (NASDAQ:SDGR), historical trading data shows that trading volumes averaged 1.34 over the past 10 days and 837.84K over the past 3 months. The company’s latest data on shares outstanding shows there are 63.68 million shares.
The 14.76% of Schrodinger Inc’s shares are in the hands of company insiders while institutional holders own 85.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.82 million on 2025-01-15, giving us a short ratio of 15.49. The data shows that as of 2025-01-15 short interest in Schrodinger Inc (SDGR) stood at 2472.0 of shares outstanding, with shares short rising to 9.0 million registered in 2024-12-13. Current price change has pushed the stock 35.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SDGR stock continues to rise going into the next quarter.
