Surgalign Holdings Inc. (NASDAQ:SRGA) finished Friday with an addition of $0.42 to close at $1.99, an upside of 26.75 percent. An average of 164,560 shares of common stock have been traded in the last five days. There was a gain of $0.5200 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 86,985 shares traded, while the 50-day average volume stands at 77,052.
SRGA stock has decreased by -10.76% in the last month. The company shares reached their 1-month lowest point of $1.3400 on 12/20/22. With the stock rallying to its 52-week high on 01/18/22, shares of the company touched a low of $1.34 and a high of $32.40 in 52 weeks. It has reached a new high 5 times so far this year and lost -90.74% or -$19.5020 in price. In spite of this, the price is down -93.86% from the 52-week high.
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Surgalign Holdings Inc. (SRGA) stock’s beta is 1.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.15, the price-to-book (PB) ratio at 1.08.
The quick ratio of Surgalign Holdings Inc. for the three months ended September 29 was 1.30, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.81 and a total debt to equity ratio of 0.81 for the quarter ending September 29. Its gross profit as reported stood at $60.73 million compared to revenue of $90.5 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, Surgalign Holdings Inc.’s return on assets was -55.40%.
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$9.83 million in the quarter, while revenues of -$5.69 million were grew 19.53%. The analyst consensus anticipated Surgalign Holdings Inc.’s latest quarter earnings to come in at -$1.96 per share, but it turned out to be -$1.78, a 9.20% surprise. For the quarter, EBITDA amounted to -$7.44 million. Shareholders own equity worth $6.75 million.
From a technical analysis perspective, let’s take a brief look at Surgalign Holdings Inc. (SRGA) price momentum. RSI 9-day as of the close on 30 December was 64.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 138.37%.
As of today, SRGA’s price is $1.6180 +35.37% or $0.5200 from its 5-day moving average. SRGA is currently trading -10.76% lower than its 20-day SMA and -66.83% lower than its 100-day SMA. However, the stock’s current price level is -36.01% below the SMA50 and -79.53% below the SMA200.
The stochastic %K and %D were 39.53% and 26.10%, respectively, and the average true range (ATR) was 0.2405. With the 14-day stochastic at 75.58% and the average true range at 0.2360, the RSI (14) stands at 54.71%. The stock has reached 0.1544 on the 9-day MACD Oscillator while the 14-day reading was at 0.0750.
Craig Hallum downgraded Surgalign Holdings Inc. (NASDAQ: SRGA) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Surgalign Holdings Inc. (SRGA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SRGA, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is SRGA’s price target for the next 12 months?
Analysts predict a range of price targets between $3.50 and $14.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Surgalign Holdings Inc. (SRGA) stock is $7.50.