Surgalign Holdings Inc. (NASDAQ:SRGA) saw a downside of -1.46% to close Tuesday at $1.01 after subtracting -$0.02 on the day. The 5-day average trading volume is 1,069,800 shares of the company’s common stock. It has gained $1.0600 in the past week. An average of 2,310,720 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,632,394.
SRGA’s 1-month performance is -26.98% or -$0.3950 on its low of $1.0000 reached on 10/06/21. The company’s shares have touched a 52-week low of $0.88 and high of $3.27, with the stock’s rally to the 52-week high happening on 02/08/21. YTD, SRGA has lost -53.65% or -$1.1750. However, the current price is down -68.96%% from the 52-week high price.
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Surgalign Holdings Inc. (SRGA) has a trailing price-to-earnings (P/E) ratio of 26.30 for the broader industry and 32.19 for the sector. The company’s PE ratio for the last five years has touched a high of 242.50 and a low of 8.194. SRGA stock has a beta of 2.21. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.38 while the price-to-book (PB) in the most recent quarter is 2.21.
Surgalign Holdings Inc.’s quick ratio for the period ended June 29 was 2.30, with the current ratio over the same period at 2.80 meaning that SRGA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 61.80%. The trailing 12-month EBITDA margin is -72.86%. The firm’s gross profit as reported stood at $57.75 million against revenue of $101.75 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SRGA to announce -$0.12 per share in earnings in its latest quarter, but it posted -$0.09, representing a 25.00% surprise. EBITDA for the quarter stood at more than -$12.64 million. SRGA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 117.0 million, with total debt at $1.56 million. Shareholders hold equity totaling $139.41 million
Let’s look briefly at Surgalign Holdings Inc. (SRGA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 26.46% to suggest the stock is trending oversold, with historical volatility in this time period at 36.02%.
The stock’s 5-day moving average is $1.0290, reflecting a -1.46% or -$0.0150 change from its current price. SRGA is currently trading -28.52% above its 20-day SMA, -39.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -10.18% and -60.35% respectively.
Stochastic %K and %D was 7.79% and 8.50% and the average true range (ATR) pointed at 0.0638. The RSI (14) points at 32.71%, while the 14-day stochastic is at 4.29% with the period’s ATR at 0.0751. The stock’s 9-day MACD Oscillator is pointing at -0.0178 and -0.0756 on the 14-day charts.
In the most recent analyst report for Surgalign Holdings Inc. (NASDAQ: SRGA), Craig Hallum downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for SRGA stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SRGA as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is SRGA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.50 and a high of $4.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for Surgalign Holdings Inc. (SRGA) stock is $3.00.