Is It Worthwhile For Investors To Follow These Insider Trades On SomaLogic Inc. (SLGC)?


SomaLogic Inc. (NASDAQ:SLGC) finished Wednesday with a subtraction of -$0.13 to close at $3.22, a downside of -3.88 percent. An average of 1,215,600 shares of common stock have been traded in the last five days. There was a fall of -$0.56 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,009,065 shares traded, while the 50-day average volume stands at 1,416,186.

SLGC stock has decreased by -15.71% in the last month. The company shares reached their 1-month lowest point of $3.20 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $3.31 and a high of $14.72 in 52 weeks. It has reached a new high 1 time so far this year and lost -72.34% or -$8.42 in price. In spite of this, the price is down -78.13% from the 52-week high.

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Valuation Metrics

SomaLogic Inc. (SLGC) has a trailing price-to-sales (P/S) ratio at 7.88, the price-to-book (PB) ratio at 0.97.

Financial Health

The quick ratio of SomaLogic Inc. for the three months ended March 30 was 18.30, and the current ratio was 18.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at $48.16 million compared to revenue of $81.63 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SomaLogic Inc.’s return on assets was -13.00%.

Earnings Surprise

For the three-month period that ended March 30, SomaLogic Inc. had $200.91 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$22.99 million in the quarter, while revenues of -$3.98 million were grew 26.66%. The analyst consensus anticipated SomaLogic Inc.’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be -$0.02, a 87.50% surprise. For the quarter, EBITDA amounted to -$46.41 million. Shareholders own equity worth $183.45 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at SomaLogic Inc. (SLGC) price momentum. RSI 9-day as of the close on 21 September was 25.73%, suggesting the stock is oversold, with historical volatility in this time frame at 44.56%.

As of today, SLGC’s price is $3.44 -14.81% or -$0.56 from its 5-day moving average. SLGC is currently trading -13.44% lower than its 20-day SMA and -52.01% lower than its 100-day SMA. However, the stock’s current price level is -35.08% below the SMA50 and -71.53% below the SMA200.

The stochastic %K and %D were 6.04% and 12.01%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 2.27% and the average true range at 0.23, the RSI (14) stands at 31.14%. The stock has reached -0.32 on the 9-day MACD Oscillator while the 14-day reading was at -0.32.

Analyst Ratings

Stifel launched coverage on SomaLogic Inc. (NASDAQ: SLGC) in its analyst report released on February 01, 2022. The firm assigned the stock a Buy rating. The consensus rating for SomaLogic Inc. (SLGC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SLGC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is SLGC’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $9.00, with a median target of $8.50. Taking a look at these predictions, the average price target given by analysts for SomaLogic Inc. (SLGC) stock is $7.75.


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